Market sentiment has been negative with fears of the hard recession approaching. I've been looking for short opportunities in the market because of this and spotted this setup
In both of these charts, you can see the correlation between 2 sectors that had if not IDENTICAL run ups due to their nature of being overbought and unregulated. (housing crisis of 08 vs Crypto crisis of 2022) As of now we are still on our path downwards. The housing crisis took until Nov 2007 to late 2009 to start on the path of recovery. We know cryptocurrency...
pattern completion zones.
$VUG Seeks to track the performance of the CRSP US Large Cap Growth Index. Provides a convenient way to match the performance of many of the nation’s largest growth stocks. Follows a passively managed, full-replication approach. investor.vanguard.com
$VOO Seems to be having trouble breaking through the resistance and forming a double top, in the mean time the indicators are getting heavy and turning down, MACD is turning bearish. Fear of trade war + little money inflow = BAD