SCHW
some facts about schw chart and fund
earning was terrible.
a big bearish candle on the top
2 big gap there which need to be fiiled the orders . 2 boxes i draw
market sentiment is extremely bearish now
the only reason that you can see on the chart that price jumped from 81 to 96 has 2 reason.
first it broked the down trend, second because of tapering and 10 years bond rate went up to 1.85 so the bank stock jumped up. but bearish sentiment now is on whole stock market, bad earning and 2 big gap and expectation of bond rate going down and based on price action it didn't test level 82 are the reasons that i expect the price go down first step to 85 - 86 and next level is 80-82.
some facts about schw chart and fund
earning was terrible.
a big bearish candle on the top
2 big gap there which need to be fiiled the orders . 2 boxes i draw
market sentiment is extremely bearish now
the only reason that you can see on the chart that price jumped from 81 to 96 has 2 reason.
first it broked the down trend, second because of tapering and 10 years bond rate went up to 1.85 so the bank stock jumped up. but bearish sentiment now is on whole stock market, bad earning and 2 big gap and expectation of bond rate going down and based on price action it didn't test level 82 are the reasons that i expect the price go down first step to 85 - 86 and next level is 80-82.