I have very little I can add today. We remain in these rising wedges at the now notorious August through February trend line:
We’re in an interminable sideways consolidation. If this is a distribution, these structures can fail, but we don’t know if there’ll be another pop of some kind first before that happens.
Zoomed in a bit, I have a couple of things I can say:
So, a move up again is possible. But there’s just as much and maybe more that might suggest moving lower is on the menu. We’ll have to see.
I hope everyone has a wonderful evening.