SMT - Scottish Mortgage Trust - a bullish count
This is one of the most popular investment trusts in the UK and has been an excellent proxy for the tech stock boom of the last 13 years. Whatever the merits or demerits (?) of this count I reckon I can count a 5 wave move to the downside. If I am right, we are now going to see a 5th wave materialise to somewhat improbable highs or, if the top was already in we may at least see a decent rally before it plummets to the depths below. On a side note, if the bullish count here does happen does that not suggest that inflation is about to bite really hard?
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.