Consolidating here, probably will move higher eventually*
similar to May 2017 - Dec 2017 consolidation
*ideally it stays in the triangle, but history does not necessarily repeat. A drop to .35-.4 (200 week MA and confluence of trendiness) is certainly not out of the question, particularly if stocks sell off in January. That would not necessarily negate the long term bullish direction, but a clean break below that might.
*ideally it stays in the triangle, but history does not necessarily repeat. A drop to .35-.4 (200 week MA and confluence of trendiness) is certainly not out of the question, particularly if stocks sell off in January. That would not necessarily negate the long term bullish direction, but a clean break below that might.
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4 hr version
