Bullish flag with easy 5% Target if monthy breaks above the resistance line forming a pole of bullish flag...
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Note
once it is above 5.2%, and mortgage 30y rates above 7% for over 6+ months, Fed would have to back off (at least temporary), and load up the tanking boat (Balance sheet that is taking severe losses) to make it even worse.Note
Homesellers are locked in 3s mortgages, homebuyers cant afford 7%. Banks (mostly regionals) are strong "bye bye"
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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.