If equities such as $QQQ, $SPX, $SPY and others, pull it down, its guaranteed that it will simply go down below this wedge outlining. However, if it truly is holding support here, we still have the possibility of it recovering and moving to the upside.
This thinking is simply: So long as it holds support anywhere within this wedge outline, it has the possbility of being bullish. However, technicals are indicating bearish. Equities will ultimately have the last laugh.
This thinking is simply: So long as it holds support anywhere within this wedge outline, it has the possbility of being bullish. However, technicals are indicating bearish. Equities will ultimately have the last laugh.
