S&P 500 closed to the upside outside the symmetrical triangle.
Small Cap closed outside the symmetrical triangle.
Bonds closed below the wedge as expected.
So, the S&P and Small Cap both closed above their triangles which goes against the norm. Bonds fell below it’s wedge which is what I expected. So I have to ask myself, is this the breakout to the upside and stock prices will roll from here? I wish I knew the answer to that question. So now we watch to see what happens. We are half way through the month and we are still below the monthly averages. I’m still standing on the sidelines.
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