This is one of those calls i hope dont play out cause with dxy indicating higher for longer and rates being held and cuts being reduced to one for the year its clear that next years estimates will be revised as well.
Expecting a continuation at the 2nd level if that breaks look like we officially in bear country.
Any logical investor will be defensive especially if Jamie Dimon warning wall street (flexing he's finance influencer side hustle) everyone is preparing dont be optimistic never too bullsih never to bearish just accept the cause to an effect.
But since everyone is expecting a recession i wonder how random it will be.
Expecting a continuation at the 2nd level if that breaks look like we officially in bear country.
Any logical investor will be defensive especially if Jamie Dimon warning wall street (flexing he's finance influencer side hustle) everyone is preparing dont be optimistic never too bullsih never to bearish just accept the cause to an effect.
But since everyone is expecting a recession i wonder how random it will be.
Note
The way it pulls back with my zigzags is beyond me I certainly don't know why it does this consistentlyNote
Big improvement data released however with the way it wicked i see it as a double bottom until it closes below my entryDisclaimer
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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.