As you can see we have not broken this TL
In many months and we are all waiting with baited breath to see what happens. Selling calls looks like the play vs buying puts as it could hang out near here for a week or two before really pulling back.
As long as this rising wedge holds, - staying long stocks into earnings this week. If the wedge breaks, there is a short term short but the wedge in this environment often widens and expands into a cup and handle or ascending triangle and would look for a dip buy UNLESS earnings season majority of stocks are missing and bad data this week. Must
Monitor it closely
Observation : extremely over extended hourly move at top of channel and massive hill flag that might be a pre earnings bull trap. Beware chasing here pre earnings as this could go either way and it it’s a miss it has a gap to fill at 230
