S&P 500

6 Jan 2021 ‚óŹ 01:17 AM

Yesterday I discussed the wedging pattern on the Nasdaq. Now the S&P 500 has a similar pattern and it is overlapping but yesterday we took support at the lower end. If this holds it becomes a running triangle a more bullish outcome than a bearish one. So it needs watching. This is not the first 1-2 day knee jerk reaction in US markets that was quickly over looked.

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