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Technical analysis by decklyndubs about Symbol SPYX on 10/18/2024

https://sahmeto.com/message/3691849
decklyndubs
decklyndubs
Rank: 14482
1.5

Ascending wedge, blow off into election or rise?

:Neutral
Price at Publish Time:
$5,864.67
،Technical،decklyndubs

Similar pattern seems to play out where we wedge up, break to the upside, and then (??). Market appears to be betting on a Republican win, we're coming into clearer focus on the election date, which brings uncertainty after apparently boosting most assets. Btc, gold, and Us equities are all very correlated on the Pearson 30d correlation chart. Nobody seems to want to hold a dollar.

Source Message: TradingView
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