Notice the pattern here, the last time we had a fed pivot the market went up for a couple of months and then a huge draw down. History doesn’t always repeat but it often rhymes. We are being held up by the 0.382 Fib, so we are technically still bullish believe it or now.
What’s next? If the tariff issues are not resolved we will get a total melt down, the likes of which we haven’t seen before.
So if you are hopeful that the tariffs will be resolved, this is an excellent opportunity to buy the dip. I was largely long gold but I have not almost exited my position, please look at my trade idea on gold which was a textbook long.
Now I’m putting that cash to work and slowly buying up the best assets the market has to offer. I will add to my long term investment in the AI companies, data center and top class software names. But I’m not going all in, I’m reserving dry powder for more draw downs. For now this technical analysis suggests now is the time to be slowly deploying.
Not financial advice, do what’s best for you.
What’s next? If the tariff issues are not resolved we will get a total melt down, the likes of which we haven’t seen before.
So if you are hopeful that the tariffs will be resolved, this is an excellent opportunity to buy the dip. I was largely long gold but I have not almost exited my position, please look at my trade idea on gold which was a textbook long.
Now I’m putting that cash to work and slowly buying up the best assets the market has to offer. I will add to my long term investment in the AI companies, data center and top class software names. But I’m not going all in, I’m reserving dry powder for more draw downs. For now this technical analysis suggests now is the time to be slowly deploying.
Not financial advice, do what’s best for you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.