I have been holding a very bearish view on S&P 500. However, today's breakout of the expanding triangle is quite bullish. Let's see how the market react these 2 days.
RSI still have divergence. Oil is still dropping. holding bearish view on this index for now.
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bdbbuddy19
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breakout was on weak volume. Thoughts?
pipstrading
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yes. break with decreasing volume. but still have not seen any reversal signal yet. Today will be critical.