We clearly saw a rise in inflation, Interest R. and consumer stables products, Clearly a divergence Blue Line/ $XLP. All Major index and #Bitcoin took a hit to the downside. Grocery prices are still elevated, but given the latest Info from the #Fed could this be time for Risk On?
Hi all,
For this one, no price target. Just an evaluation of the status of the market.
Consumer Discretionary (S5COND) chart shows the industries that have a tendency to trend lower in a bearish market.
It encompasses industries that produce durable goods like cars but also leisure items such as Netflix and others.
The fact that the chart has been (and is still)...
Thanks to my friend @superiorJaguar24882, I'm thinking about getting into SOXS in the near future.
(Left Graph) SOXS (3X Bear ETF, Semiconductors) is currently in an ascending triangle, not confirmed, with possible gains up to 74%.
This is supported by the current inflation rate, gas price and overall bad news. Our fun money is just not as available as it used to...
Ford Motor company is currently building into a bullish flag on the daily with possible price target of 28.50$. It is not confirmed yet and may run into some difficulties for the two following reasons:
1- The weekly chart is showing a resistance level at 22$. This is the price target level of the fully filled ascending triangle. Once fully filled, price may...
