MYX:SMI
There seems no sign to indicate this movement, but perhaps the price volume analysis is a bit difficult to read during red candle days (unable to confirm the direction)
Recession is expected in the near term.
My rationale:
-2-10 yield curve inversion happened 2-3 months ago
-Fed's 75bps rate hike; drop in short-end US Treasuries yields (which is supposed to be the the other way around with rate hike).
-I believe Fed's is behind the curve, unable to catch to the rising yields.
-Inflation is the main cause for such increase,...
Recession is expected in the near term.
My rationale:
-2-10 yield curve inversion happened 2-3 months ago
-Fed's 75bps rate hike; drop in short-end US Treasuries yields (which is supposed to be the the other way around with rate hike).
-I believe Fed's is behind the curve, unable to catch to the rising yields.
-Inflation is the main cause for such increase,...
Suspected to be the end of rally. Failed to breakout the final volatility contraction, and most likely will reach 200 MAs.
Have not done macro& fundamental research on this one. Just scheming thru.
Supported by macro outlook of inflationary pressure, defined in details using technical analysis from support and resistance as well as volatility contraction pattern (VCP).
Continue to monitor
Risky trade, possibility to be at the end of uptrend, but there is a potential.
Not a buy call/investment advice. Strictly for strategy testing
