$VMID - Weekly. Bullish set up Fundamentally, economic data this week showed the UK entered a technical recession. BUT are equities pricing in optimism looking forward? Lovely bullish set up on the weekly here. I am accumulating, with an initial price target of 31.60. Bull flag, inverse head and shoulders etc etc. Need to see 29 support hold
VMID trade ideas
FTSE 250 vs Silver (VMID / SSLN)Here we see a great trading pair, the Vanguard FTSE 250 (VMID) which is very steeply discounted, and the IShares Silver ETF (SSLN).
The only other time VMID was this cheap relative to SSLN was the 2020 crash.
I've sold my Silver on this spike, and am tentatively buying VMID.
I'm aware another Black Swan event and recession may be upon us soon, so I'm keeping a lot of cash on the side.
Should we see no support in the next few days, I'll sell VMID and buy back into SSLN. Silver could easily hit 30usd or more.
Currently Silver is very strong, but massively overbought and is due a correction, but this is a gamble as we see no sign of reversal yet.
Vanguard FTSE250!I have been thinking and decided to make a trading portfolio based only on the FTSE250...Incredible opportunities there. So to start off is the index itself by way of this ETF from Vanguard. I am basically looking for a correction down to that 33 500 zone then hopefully make a switch to buying.. for now we short.
Correction (nearly?) over for UK's FTSE 250Like some other European indices it is possible that the FTSE 250 is tracing out a 5 wave C wave to finish a correction that started back in November in the form of an expanded flat. The question I am struggling with is whether this potential wave C wave has already completed with a truncated 5th on 9th Feb or this is the 4th wave correction with one more leg down still due.....