S&P 500 – Starting its Descent From the Ascending Wedge (Finally)
The other day, on the Real-time Trader'' s Feed we made reference that the ascending wedge looked positioned for a breakdown, but required to see sustained trade on either side of the pattern fence before we might draw more conclusions. Overnight we are seeing …
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Morning-Brief: Unless U.S. Inflation Turns Quickly Higher We Anticipate The Dollar …
Trading this effectively, however, is a different matter as the FXCM Dollar Index remains range-bound. Ideally, we get a breakout in order to get a strong view for the medium-term. Today, only the short-term pattern for EURUSD, GBPUSD, and AUDUSD …
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