It isn’t one of the most widely-followed instruments out there, but the Broker/Dealer Index is carving out some fascinating patterns lately. The battle is between the magnificently-formed top and the most recent wedge pattern. The equity remarks are deeply unclear these days, but at least there are clean patterns shaping up to tell us the answer……………once they FINALLY break, one way or the other. At this point, the next big event is Mr. Powell two-and-a-half-hours after Tuesday’s opening bell.
