Conviction: 4/5
General Thesis
Growth
N/A
Value
N/A
Fundamentals
N/A
Potential Risks
General Thesis
- reaching long-term upper bound on channel (2007)
- Weekly RSI showing bearish divergence
- weekly MA look like they might be turning over
- Timeframe: 1 year-ish
Growth
N/A
Value
N/A
Fundamentals
N/A
Potential Risks
- continued inflation + seller pricing power
- could go on for longer
Note
relative performance to SPX not giving much signal
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.
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.