Unless it breaks that channel, expect red. that is all.
Nice, short and concise. 8 Weeks of bearish sentiment, now one thing to consider is a td 9 count will complete at the end of the week. So, factoring in TD Sequential, it'll be important to watch for a 4 count correction to the reverse, or whether it continues bearish sentiment and goes on to complete a 13 count to the downside. However, I play particular...
If not 70%, watch out for 67.42% Time frame July 11-14 BTC.D seems to be marching towards the 70 to 71% threshold. That's higher than I expected and the next fib lines are 80 to 82% BTC.D (but this could be a 5th wave target?) This current next wave in BTC.D is driven by, what else, trade war tensions. Most recently Washington approved the sale of $2B in...
The mass of the average VEN/VET bag generates enough gravity to trap the cries of those 'hodlers' forever. Stay safe out there guys, and don't forget it's all going to zero. This is also a prime example of blood, from a purely technical PoV...
SYY was moving bearish before the miss but this is not looking good for them at all. This is not a dip buy opportunity but rather the opposite. This is an opportunity for puts as they pullback towards their 55.81 and then 47.2 supports. The market conditions should compound this problem as it pulls the index down, the panic from the miss and poor chart movement...
Sure shares are down. but we can still buy and wait for some good news. www.gurufocus.com