Conviction: 5/5 Based on channel since 2014, QUAL is at lower bound of relative performance, and presents a good value if you want similar exposure to SPY with a bit of lower risk. Monthly RSI is also at pretty attractive levels.
Small caps looks a bit tired, just hit trend resistance from 2001, and has been on down trend since. Monthly RSI is also showing that we have turned down, which means increased likelihood that we are revisiting 100WMA (golden MA) or lower soon. Monthly RSI might hold at this level and reach to upper trendline again, but R:R ratio is a bit... meh. HOWEVER,...
Risk-reward of relative performance points to small caps outperforming large caps in the next few years. HOWEVER, in recessionary bear markets... small caps tend to underperform, so be aware!
There does not seem to be any good actions of long or short until March 15th. Then this might be all wrong because I am a noob at trading. Following March 15, a slight upward movement However I do not think that 34 would be broken, due to lack of interest in buying and selling parties according to the volume profile. Even though a downtrend during 18-19th,...
The race starts at Step 1, Step 2 defines the path it may further take. Please follow the color coding at March 15th. Then this might be all wrong because I am a noob at trading. One short and one long for the a highly possible red trail. Two longs for the less possible green trail One good long for the most possible purple trail And finally, for all BTC fans,...