wheat futures have defined price channels. for now they are headed back to the 1100'0 level, but could go all the way to 1700'0
really keeping us guessing at this point. breakout or reject down?
NDQ rejects down from primary trendline for 4th time. the prior false breakout would have suggested a bigger move down than we have yet received, but it met support going back to last July. Today's close will determine if the emerging bullish engulfing candle will hold, or if we get a breakout close, or if we will bounce hard down. we are at the precipice of fate.
IWM back testing false breakout of trendline spanning 2 decades
this is what i'm lookin' at. monthly pull back trendline support now resistance. i'm thinking it could bounce between this mid line and the lower trend line for a couple passes. it's what trends do when they are starting to weaken. i know we're bullish, but this idea kind of fits my "most boring outcome" hypothesis: in the midst of everyone being sensational...
10y yield back testing breakout of multiyear trendline. gonna head back upwards?
tlt bear trap below channel midline? dunno which way it gonna go.