Risk-on key market top metric never hit resistance trendline
Ideally we would see a tag of the (log) trendline shown here. Not sure yet if we saw the peak of risk-on or this is forming a type of descending wedge and we can expect some sort of breakout next year? With Fed's jawboning tapering (the T word), markets cooled off early IMO, I expect that type of talk to be backpedalled as soon as any collateral/asset/market dumps too far (exception for now may be crypto as it's not systemically linked yet to global financial system)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.