$ACWX relative to $SPY potential (3/5)

Conviction: 3/5
Overall still in LT (2009) down channel, so trade is quite risky... you are trading against the trend...

  • bounced off MT (2018) trend support
  • RSI looks pretty good
  • SPY ourperformance against world is pretty outrageous in the last 2 years, so some mean-reversion is likely

Trade duration... 3-5 months.

Much better trade is to wait for breakout confirmation, and wait for entry from likely retest.


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