We have a nice wedge, which, in my professional opinion is a wedge of the upward moving variety, as far as wedges go. Wedge way it goes, nobody knows (that’s a pun), but I’m long. The aforementioned Groundhog refers to the short-term MA popping back above the medium-term MA. That’s when Spring begins again.
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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.