Consumer staples...Ride the Pig
Here we can see the SPDR Consumer Staples index reaching the minimum target in the sequence requirements in the decade long chart.
For those with a background in waves you will know this is a very classical example of a count. This is time to start paying attention for any signs of a meaningful top forming. We also 'know' that once this final wave is completed a corrective chapter will begin. This chapter is only a third of the pages compared with the rally. To the other side, you will also know 5th wave targets come hand-in-hand with extended targets and we can see 68.52 to the topside if we get a momentum break through 60.81.
Time to start paying close attention for early signs of a turn.
For those with a background in waves you will know this is a very classical example of a count. This is time to start paying attention for any signs of a meaningful top forming. We also 'know' that once this final wave is completed a corrective chapter will begin. This chapter is only a third of the pages compared with the rally. To the other side, you will also know 5th wave targets come hand-in-hand with extended targets and we can see 68.52 to the topside if we get a momentum break through 60.81.
Time to start paying close attention for early signs of a turn.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.