Consumer staples...Ride the Pig

1 328
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.

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.