Vanguard Short-Term Inflation-Protected Securities Index Fund ETF SharesNASDAQ
Description
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We have an Head and Shoulders pattern visible on the weekly and a tightening monetary policy from the US Federal Reserve; As we continue to tighten i expect that the rate of Inflation will go down and as the Rate of Inflation goes down so will the CPI and with that Treasury Inflation Protected Securities otherwise known as TIPS should lose the Value it's gained during the 2020-2022 Inflation Crisis and Long Term Treasuries should begin to Rise.
great idea. The deep crab bullish pattern which has been forming you think it will breakdown bear ?
RizeSenpai
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@FlyingDutchman100, A deep crab would take you to around 49 dollars but i feel like B is a bit too deep maybe it plays out to some degree but i would be more inclined to think it would breakdown bearishly and continue to trade towards pre-2020 levels.
FlyingDutchman100
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@RizeSenpai, hey thanks for the swift reply. it's me the yacht captain. i dropped my phone in the sea and lost my passwords so i got this old trading view account from one of my crew who he does not use anymore. we were chatting for canopy and you nailed it that it would be around 2.8 the bottom (1.13 fibo) ! whay u think about canopy now, dit it bottom ?
RizeSenpai
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@FlyingDutchman100, Ohello there i do remember you. I'm not confident that CGC has bottomed just yet but i do think it's probably close i also think Aphria is getting close to a bottom. as seen here:
@RizeSenpai, by the way, a few more questions please. 1. do u see the MJ ETF has bottom at $5.40 ? 2. cgc tilray aphria and like most medical cannabis stocks are 80% correlated to russell 2000 . RUT . do u see RUT bottomed or one leg down towards 1500-1300 range ? and 3. my sister is trapped in FUBO TV , any idea where this stock goes ?
FlyingDutchman100
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@RizeSenpai, so 1. do u see the MJ ETF has bottom at $5.40 or bottomed already ? 2. cgc tilray aphria and like most medical cannabis stocks are 80% correlated to russell 2000 . RUT . do u see RUT bottomed or one leg down towards 1500-1300 range ? and 3. my sister is trapped in FUBO TV , a streaming platform company for sports. any idea where this stock goes ?
RizeSenpai
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@FlyingDutchman100, When it comes to weed related stocks right now my weed stock of choice would be LOWELL FARMS INC