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As the world awaits what Super Mario's actions will be in regards to interest rates in 30 minutes. I thought I would share the conditions of a key asset in the States, that seems to have some influence on the worlds financial stage too.
Current price/pattern conditions....This asset has done well of late, pushing much higher over the past year, taking it back near its all-time highs. Could that be a triple top? Investors like the action of this asset, as nearly 80% are bullish at this time, according to Sentiment Trader. The rally has momentum hitting levels seldom seen in the past 10-years.
Could an important "kiss of resistance" be taking place with extremes in momentum and sentiment?
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