Wednesday, November 23, 2016

New Technical Pattern

Where are you going to
What are you gonna do
Do you think that it will be easy
Do you think that it will be pleasin'
--Steve Miller Band

With the Dow crossing 19K post-election, a new bullish technical pattern has been proposed:

Seems fitting, given the times. Unfortunately, long bond yields exhibit a similar 'USA' pattern.

At least one of them is unlikely to last.

position in SPX

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