The technical analysis crowd is talking a lot about the current “rising wedge” pattern in the S&P 500 — an extremely bearish chart that typically precedes a breakdown.
A rising wedge chart is characterized by an uptrend in prices but more importantly an increasingly tight range at the point of the “wedge” where buyers lose momentum even if sellers haven’t taken the reins just yet.
Both the long-term and the short-term trends indicate the bearish wedge pattern, and the lack of significantly higher highs and extremely low volume lately may be hinting that these prices are not sustainable. |
发表于 2013-3-24 16:48
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