On 24th April, the rising wedge that has formed over the last few sessions broke upwards today. I wanted it to break downwards … of course, but it didn’t.
After such a long grind upwards, you would normally expect to see a blow-off top before there is any sign of a reversal. So what has happened over the last few sessions?
Because it’s month end today, the market could see some movement but then it will be first trading day tomorrow so shorts are risky. The action I will take is to sell the best TL I can find.
Fisrt trading day of the month tomorrow could bring my long-awaited blow-off top.
