Breakout descending triangle in progress...ideal entry would be pullback from 120 at VWMA.
Comment:
Reaction to the trendline resistance validates it...in bull market, we would have seen a continuation to 120+ today...but we are not quite there yet...so the weakness in one of the strongest sector.
Tomorrow will be interesting from both technical and macro pov...IF 109 is held, I say some news spikes this to at least 118. below 109...is boring fade...not worth a trade either way.
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Tomorrow will be interesting from both technical and macro pov...IF 109 is held, I say some news spikes this to at least 118. below 109...is boring fade...not worth a trade either way.