RE: I fears this will end in tears3 Mar 2021 14:34
There is an overall bullish trend. Was hoping to break above it at 17, But the SP hit the upper too early at 16.7. This caused traders to profit take.
However now the SP is converging sharply towards 16.10, BUT the lower trend has now been broken. Usually converging trends will lead to one or the other up/down breakout from the point. Its a tossup
Its all hypothetical, however you be surprised how often the market reacts to these indicators