Is UPS only going to have ups from here?
UPS august 2024 low looks to be the end of primary degree wave 2 of the cycle degree wave 3. The structure since then looks like a leading diagonal. That means, a sharp downward trend that we have seen today should take the price to retest the low again but should not break $123.25. But as long as price stays below $149, it will not be wise to jump on this freight train. If we see a strong bounce around $126, I will try to get in with a stop loss. But on a macro scale, no matter where the entry price is, it won't matter if the cycle degree wave 3 gets into gear. This ticker should deliver on time, every time :)
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