Updated

Rising Wedge

Earnings beat.

Bearish Rising wedge pattern that is not valid until bottom line is broken.
Price has broken up and out of the wedge. This pattern can stay bullish for a while.
No recommendation.

Note

T3 if this continues up are 467 to 500

Note

To be honest I have no clue what this will do. There are rising wedges below price, and in spite of an inverted yield curve and continued inflation, this market continues to go up.

It would seem there will be a price to pay at some point because nothing in life is free, but who knows? Not me.

Note

I do not think you have to be a rocket scientist if you follow the financial markets at all, to know something is not right. I do not know why I feel this way but I do so I am hesitant on every move I make and maybe we always should be.

If you look at charts long enough, I do believe you can feel it in your bones sometimes. I look at them day in and day out and the human brain amazes me sometimes. That is what charts are I suppose and the human brain does not always live in reality as I know it.
I have one of those unfortunate brains who Does live in reality as a rule, so being an earth sign, I may not be the best person to take advice from when things do not make sense, because things may make sense to you at this juncture, and not to me. I do know I tend to stay close to the earth,. I am grounded to a fault )o:

Life goes on and so does the market. Forever it seems when the market is going up and also when it is going down. But nothing is forever )o:
And sometimes I think it is okay to do nothing.

lauralea

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lauralea