Indeed. Overbought hump nearly complete and we are about to descend back into normal range bough territory. The impulse is probably over and we are due for lower lows. Fibs tell us we have not descended yet all that low, thus plenty of time and space to drop more. Potentially.
We are not in the business of getting every prediction right, no one ever does and that...
Looking at some interesting accumulation here. REAX business model in the Real Estate market could hit in a low interest rate market here in 2021.
Thoughts?
Not financial advice, just a guy looking at some trends.
Thoughts below please.