All it can tell us is nothing
Updated
A case of, well that's very interesting and all but what now? Are we up because people are grabbing shares to short? Are they genuinely bullish, but perhaps wrong? We are literally in a neutral area for a timeframe of this week. We look like we'll be higher by May/June but that's really too vague to be useful. Especially as we'll probably hit a few more sudden drops before the end of the year, leaving that question uncomfortably up in the air.
Best guess honestly is a higher open tomorrow followed by a drop into Friday and retracement into April followed by "?" for a week or two. Obviously this is too risk rich for my blood. Especially as the Fed could still surprise.
Best guess honestly is a higher open tomorrow followed by a drop into Friday and retracement into April followed by "?" for a week or two. Obviously this is too risk rich for my blood. Especially as the Fed could still surprise.
Note
Note
Rising wedge, to break to the upside towards $404/$406 or breach down to $387?
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.