We could have another 3 - 5 days of sideways

١٩ يناير ٢٠٢١

BA volatility on the 12-hr is still maxed out/in the red and if you draw the triangle as conservatively as possible -- that is, connecting all of those bottom wicks -- the apex of the triangle is all the way out at Jan. 25. So - while it's very likely this triangle will break out to the upside and bring us to 50K/new all-time-highs - be very careful of assuming every little surge upward is "the move". Wait for the actual breakout.