Lots of charts updated yesterday: CL, COMP, AUDUSD and DJIA. I hope to finish several more today.
SPX melted up all day, yesterday, to the tune of CL and a late surge by USDJPY — tag teaming stocks higher. We finally had a reversal where expected, and SPX dropped to backtest the H&S neckline its been working so hard to avoid playing out.
It appears, from the futures’ action, we’ll get a shot at the IH&S discussed near the end of yesterday’s session.
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