I like the setup here for some quick gains in this ETF. Downside risk is very low compared to potential upside within the next 10 days give or take.
Longer term this could go higher, value stocks are strong in general due to inflation concerns and the reopening momentum.
Best of luck if taking this trade.
Cheers,
Ivan Labrie.
Longer term this could go higher, value stocks are strong in general due to inflation concerns and the reopening momentum.
Best of luck if taking this trade.
Cheers,
Ivan Labrie.
Trade active
Note
This might be ready to move, bond yields look poised to move higher perhaps...Weekly can fire a signal if we hit 38.48 today, monthly can fire a signal next month, if so, it can be like the last rally in financial names. Massive move.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.