Bull Wedge Continues
Stocks keep ranging. Our analysis remains the same. The strategy here is to wait for some momentum to break out of this bull wedge pattern we have been holding for weeks. Patience will pay off. If you are holding positions, it is wise to keep them, but entering right now may be entering out of fomo, unless you expect an imminent breakout and have tight stops. Volatility has been consolidating so we could break in either direction, so be careful. If we break to the downside, watch 3617 or 3584 for support.
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