Is this wedge pattern is playing out...

Post Obama's Volcker rule announcement, we remain without position erring on the side of caution. As technical analysts we have to prepare for more downside as our many times mentioned bearish ascending wedge pattern, now begins to break down. Turbulent times ahead traders and so position yourself accordingly in this market. Worthy of mention is that we are not reneging on our medium term mandate which is to buy dips- but we are warning of further downside in the short term. Take a look at the charts and video below and let us know what you think!











Safe trading traders!!

"Wide diversification is only required when investors do not understand what they are doing."
- Warren Buffett