We have almost reached the old low of September 2021 again which has proved several time as a support or resistance zone. I expect it to hold another time. But mind the double top. Perhaps it is the last test of the upside.
After value stocks were stronger last weeks, also growth stocks seems only to tested the Moving Average, as several times before...
Now growth stocks may be back in focus to be great opportunities for the next month
The Russell 1000 growth/value ratio has formed a head and shoulders pattern, indicating growth stocks may be in trouble and value may be on its way back
are we seriously moving to value. There's the potential and me being wrong is what makes me think this could be right, even if its hard to say out loud. Anyways, the idea of value out performance is there. just my thoughts
Buyers have created a double top from a few days ago which held prices down. Once sellers were able to prove they had the strength to create double tops, they then came in with 3 lower high bull failures completely derailing the bulls from the wedge breakout up. Now, with a fake-break of the wedge top and heavy bear momentum back in, sellers will be hunting for...
