Here we can see the SPDR Consumer Staples index reaching the minimum target in the sequence requirements in the decade long chart.
For those with a background in waves you will know this is a very classical example of a count. This is time to start paying attention for any signs of a meaningful top forming. We also 'know' that once this final wave is completed a corrective chapter will begin. This chapter is only a third of the pages compared with the rally. To the other side, you will also know 5th wave targets come hand-in-hand with extended targets and we can see 68.52 to the topside if we get a momentum break through 60.81.
Time to start paying close attention for early signs of a turn.
For those with a background in waves you will know this is a very classical example of a count. This is time to start paying attention for any signs of a meaningful top forming. We also 'know' that once this final wave is completed a corrective chapter will begin. This chapter is only a third of the pages compared with the rally. To the other side, you will also know 5th wave targets come hand-in-hand with extended targets and we can see 68.52 to the topside if we get a momentum break through 60.81.
Time to start paying close attention for early signs of a turn.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.