Technical analysis by decklyndubs about Symbol SPYX on 10/18/2024
https://sahmeto.com/message/3691849

decklyndubs
Rank: 14482
Analytical Power:
1.5
Ascending wedge, blow off into election or rise?
:Neutral
Price at Publish Time:
$5,864.67

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