RPV pure value etf interestingly holds pre-pandemic upchannelThe S&P500 pure value ETF holds 3 supports:
1) the lower channel of pre-pandemic upchannel MINUS the black swan event
2) the 0.286 Fib reversal from pandemic low to ATH
3) my GANN line
FOMC meeting will be the game-changing event. The market may have already priced in a 75 basis point hike & a rally may pursue till the next Nov FED announcement of whether to hike another 75 or 50 points.
Not trading advice
RPV trade ideas
Pure Value & Low Beta vs. Pure Growth & High Beta Pure Value & Low Vol relative to Pure Growth & High Beta. The rotation away from duration and beta has been very strong the past 2 months. As QT begins and liquidity dries up even more, I’d continue to favor shorter duration & lower beta segments of the market.