We have a short week to end 2021. Nothing crazy. Get a look at some housing numbers. Here is what’s coming up -
- US home price index (YOY)
- Pending home sales
- Initial and continuing jobless claims
We are continuing through our wedge. This looks like a bullish wedge pattern, which will be good for rates in the short term. Either way, once we reach the vertex, we will have a breakout soon thereafter.
Something interesting to note is that it looks like we have a bottoming out of the 50-day moving average (black line). Remember, it confirms a bull market when the