Primed for a bit of sell off due to geo-political reasons and some good old-fashioned TA.
Its been bouncing around the upper bound of the asymmetrical triangle top for a while now, but pre-covid, it was posting a range between the 0.500 and 0.618 Fibonacci levels. Now with everything else going on with the USA trade war, Hong Kong, Huawei & Tik Tok it looks like this is heading back down to the 0.618 range, supported by the MACD showing bearish signs along with a PSAR stop and reversal looking on the cards too.
I’ve set by buy order. $39.12
Over 50% of the holdings in the ETF are from solid sectors (Financials, Real Estate, Communication) that should weather a downturn if things get bad.
Short for now. Long after $39.12
Its been bouncing around the upper bound of the asymmetrical triangle top for a while now, but pre-covid, it was posting a range between the 0.500 and 0.618 Fibonacci levels. Now with everything else going on with the USA trade war, Hong Kong, Huawei & Tik Tok it looks like this is heading back down to the 0.618 range, supported by the MACD showing bearish signs along with a PSAR stop and reversal looking on the cards too.
I’ve set by buy order. $39.12
Over 50% of the holdings in the ETF are from solid sectors (Financials, Real Estate, Communication) that should weather a downturn if things get bad.
Short for now. Long after $39.12