XLF versus FAZ
Both completing Triangle Corrective Waves in opposite directions. Indicators supporting a change in direction soon.
Not financial advice.
It has become clear that global indices will collapse dragging entire stock markets with them could this be the end of days?
could this be a repeat of 2007 - 2008
commodities markets will collapse
Certain G7 FX markets will rise exponentially then later collapse
The coming great reset seems not so far away -
do I agree with this notion that could potentially...
Daily rolling over looking for a pull back. We have higher lows
Weekly still way down their turning up some needs get above 30%
support 24.40
staying long small shares needs get above that 50 day MA hold I will add
Walks like a bottom, lets see if it talks like a bottom tomorrow - last trading of day in May.
If Wave E and A end up approximately equal Wave E hits the lower Fib. My guess is Wave E won't complete until sometime next week, but you never know.
And Woodies CCI getting frisky with a couple recent pops over 250. Look out above FAZ.
This is my long term swing trade
Daily not bad stoch up vol up, just short covering
Still more sellers than buyers
Weekly trying turn up some
I do believe banks will rally more , I just want a hedge
and I like it.
Support 23.43
Resistance is 27.55
It is a long term trade but does not mean I don't take some profits when their, along the way.
But I always stay in...
FAZ be a nice hedge on my WFC long
I am still playing long side banks
like catch at bottom small shares
This would be a long term swing trade
Like I do with SPY long.
Watch it 26.41 huge supprt
