samitrading

SPX's Real Estate sector

samitrading Обновлено   
SP:S5REAS   S&P 500 Real Estate
wish you all the best.
Комментарий:
Hey guys,

1/ 12 days below channel line is not good at all like bad
2/ we actually retest the lower channel line and dropped which kind of confirming that we are in a pullback move.

3/ possible outcome 1st target is 208 (9 % pullback to say the least.)
4/ breaking that is we need to reach 180 the same width of the channel.

something is about to happen technical wise channel wise.

wish u all the best.
Комментарий:
Going a way from channel's line, is not good from a technical point of view+ we have retested the broken line !. we shall see.
Комментарий:
A confirmed break out to the down side, this would be the 3ed sector of SPX to do so.
Комментарий:
We have already retested the broken channel, and still going higher perhaps more

fundamentals here are more important than technical " Zero interest rates ".

Usually long time side way movements leads to big time break outs. It looks more

like an ABC corrective wave. We are in B wave if my count is correct, and we

should be or about to start wave c.

wish you all the best.

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***


twitter.com/samitrading1
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