Home / Videos / Market Radar for Wednesday July 16th Rising Wedge still overhangs market plus $DRI

Market Radar for Wednesday July 16th Rising Wedge still overhangs market plus $DRI

A rising wedge pattern continues to overhang the SPX and the signals still show the good possibility of a break down. This is a very hard call to make in these Fed Protected market. There are no real sellers showing up and each dip has been met with buying. I love the rising wedge pattern and my bias is now slightly bearish as it was slightly bullish to start the week. But nothing concrete and even though I added a few Short the bullish HPS charts continue to play out and hit their targets eg. FCM, V, VZ,

Leave a Reply

Your email address will not be published. Required fields are marked *