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Kind of ascending triangle, so breakout should be more likely
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Yield and main index will close the gap at some point, which one will move more to center is the question? High interest rate in the making for small correction in the index or big correction on index with small rise on interest. it will comes so, I don't see how the index will trade high from here.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:Summation index don't see a bottom yet.
I also think we haven't bottomed yet, but did summation index pick out the bottom of July correction? I'm still learning about this index... Hope we retest the zone 3330 and just be done with this correction.
BullBear52x wrote:Yield and main index will close the gap at some point, which one will move more to center is the question? High interest rate in the making for small correction in the index or big correction on index with small rise on interest. it will comes so, I don't see how the index will trade high from here.
my inner bear keeps saying march was not the end of the multiyear bull market. The big correction is yet to come.
BullBear52x wrote:Summation index don't see a bottom yet.
I also think we haven't bottomed yet, but did summation index pick out the bottom of July correction? I'm still learning about this index... Hope we retest the zone 3330 and just be done with this correction.
not so on July, but to go bullishly, it would be good to have SI on your side.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Consolidation along the range low, now break down is more likely.
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