I have no fundamental reason to back this up aside from the chart in front of me..
If we break out of this descending channel + back above resistance, then this idea is moot, but for now, I would like to see some weakness over the coming weeks to validate this idea.. which would line up nicely with a less-bearish September/bullish October for equities/risk assets.
If we break out of this descending channel + back above resistance, then this idea is moot, but for now, I would like to see some weakness over the coming weeks to validate this idea.. which would line up nicely with a less-bearish September/bullish October for equities/risk assets.
Trade active:
Dropping as expected
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
