Here is a 30-minute SPY chart we were looking at this morning inside 12631.
It is updated, below, and shows a tight symmetrical triangle since yesterday, with lower highs but higher lows.
Headed into the final two hours of trading, I am on watch for resolution on this timeframe as the Bollinger Bands “pinch in,” indicating a compressed state. From periods of compression often come explosions.
Will Bernanke and his Beard arrive again to bid us higher? (sarcasm)
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unless..of course..you married Vinnie Barbarino or Top Gun’s, Maverick..
( different kind of beard..yeow!!..;) )
Have a Great Weekend, Chess..
you too!
Hollywood connections..hahah
They say the same is true for that Man in Black and Rosemary’s nephew(NOOoooo..say it isn’t so..the fricken adorable man that he is)