It’s Up to the Wedge

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It’s clear that in spite of being in the thick of the earnings season, we are still in watching-paint-dry mode for markets in general. As I am typing this, the ES is down a remarkable 0.06% and the NQ is exploding a remarkable 0.11%. Whoop dee freakin’ doo da day. Anyway, that’s the nature of these wedges: they just get tighter and tighter until they break.