I think the market is gonna go oversold on the daily again. It broke the wrong way out of the pennant-like structure, we still haven't heard about the electronics tariff, and we've got a slew of earnings coming up where every conf call will talk about tariffs and recession.
Long on gold at least until we hit that bottom again, not shorting because of the open gaps above. I think the only hope of filling those gaps is a deal with China. Even if that happens, it'll probably be a few weeks or months.
If daily indicators go oversold, I plan on going long on index or sector ETFs. Too risky right now to bet on individual stocks.
Long on gold at least until we hit that bottom again, not shorting because of the open gaps above. I think the only hope of filling those gaps is a deal with China. Even if that happens, it'll probably be a few weeks or months.
If daily indicators go oversold, I plan on going long on index or sector ETFs. Too risky right now to bet on individual stocks.
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.