The Swiss National Bank is presenting a very interesting chart.
After a long period of 5 Waves up, it has entered into a correction phase.
We had the first move down (a) we most probably saw the reaction (b) and a new move down (maybe a sharp one) will follow (c).
This for me is a nice Short candidate.
Note: Maybe some investors do not know it, but SNB has a portfolio of stocks.
As of June 30 2018, the portfolio was as follows (just click the link)
www.nasdaq.com/quote...national-bank-913041
After a long period of 5 Waves up, it has entered into a correction phase.
We had the first move down (a) we most probably saw the reaction (b) and a new move down (maybe a sharp one) will follow (c).
This for me is a nice Short candidate.
Note: Maybe some investors do not know it, but SNB has a portfolio of stocks.
As of June 30 2018, the portfolio was as follows (just click the link)
www.nasdaq.com/quote...national-bank-913041
Comment:
This stock is ready to move on, and my analysis continues to be a bearish one.
We are still in b which could extend a little bit more, or not.
Below 6000 we have the first SELL signal