Why is Bonddad smiling? Because the market is still consolidating. Also -- note the market tested the 84 level to and rallied from that level on strong volume. That's a very good technical sign.
So -- the market is still in the middle of a triangle consolidation.
2 comments:
what is likely to happen after this consolidation? If it is forming a descending triangle isn't that supposed to be bearish?
I was asking myself the same question...
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