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MarathonToMoon
Jun 28, 2023 7:28 AM

VMC: Correction pending? Short

Vulcan Materials Company (Holding Company)NYSE

Description

NYSE:VMC
Looks like the housing is going higher as FED paused.
But this will increase the inflation, causing the FED to go hard on Rates and housing has to correct.
Let's see how this one is going to unfold.
New home sales is going crazy high. FED has to cause a raise in unemployment to see housing cool down.

Comment

Amazing resistance coming to play.
215 and 184 should be next targets downside.

Comment

215 done.
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