But it is trading below fibo level. The monthly chart has a different perspective
it completed its extension to 1.618. I'd avoid this ETF
Air Delivery & Freight Services underperformers
But one simple chart can talk a lot
I don't know if the US-China trade is the solution but who cares? $ASHS $ASHR $YINN
But Relative Strength is really bad, I'd prefer short
But I'd not buy it here cause weak Rel Strength versus $SPY
I don't want to chase it. Above 26 any short bet is off. See fibo levels as targets
b/I'm waiting for relative strength to weaken to short it again. Waiting in the sidelines
which means likely "bearish" for markets
Maybe a tactical long using daily charts but Rel Strength is bad $FAS $FAZ