WTI Squeezed into wedge, breakout or breakdown imminent. Could a repeat of last month happen with oil? It's all lining up to come to an apex right when SPX reaches previous resistance.
Bond markets are not buying the rally and even broke out lower. Bond markets are usually ahead of stock markets and you can see they saw trouble ahead from Jan 2020 onwards. Huge divergence between not only Wall st and Main st, but between "Smart" money and retail buying.
Having said that..."the markets can stay irrational longer than you can stay solvent"
Watch the price, if it breaks above recent highs, I am out on the sidelines waiting for clear confirmation of further downside (if that ever comes)
WTI Squeezed into wedge, breakout or breakdown imminent. Could a...
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