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Ustech

USTECH (30m) - potentially bearishNo promises on this one - I can't. This is one to watch. Tech stocks have been in a bit of a problem, not benefiting from hopes of a vaccine for COVID-19. After all, tech was feeding off the pandemic in various ways. Tech and the virus are basically friends. So if the vaccine would limit or kill the pandemic, that's not good for tech stocks in general. We're could see what's known as 'sector rotation' (read up). Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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by Captain_Walker
Probabilities on USTECHSeasoned traders will know the influence USTECH has on world stock indices and several forex pairs. I'm seeing something that I did not quite expect. I stick my neck out. But note that this market is not a true market. How? It is well known that it is artificially inflated by the influence of a powerful body called the FED. If you don't know the FED, stop trading now. I show two paths based on 'theory of curves' and what I would normally expect. I am there to be proved wrong by the markets - all the time. Newbies focus on being right, and how right they are. Seasoned traders embrace being wrong, and limiting how wrong they are. Yep - that's a very big difference. So - we'll have to wait and see what happens next. No choice.
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by Captain_Walker