- Sideways choppy post target consolidation continues
- Still no bearish price action to speak up.
Charts of US Indexes:
Sideways trading range, much like S&P
Watching these two patterns. Bears have been taken to the woodshed forever, so continue to look to be buyer until bears can prove themselves.
The Bottom Line:
After acquiring the upside target to end November, we are now stuck in a sideways trading range. From an S&P perspective we are watching the mini inverse H&S to see if it can take us out of the trading range.
IBB- Major support so far has held in this one. Keep an eye on it as this could be a big move to the upside if the bears fail here with this smaller reversal pattern.
Big Bullish base forming?
Triggered VRX. 28.19 target.