IBB: Time at mode downtrend failure is a wake up call

The implications are that since IBB failed to hold below 282.68 and drop with the market, we might see a strong risk on move accross the board.
We can also examine BID to find it's holding earnings support.
These two stocks can tell you a lot about the direction of the broad market, as illustrated by Tim West in his publications.
I am net long again, but with an open mind. Until FOMC, I doubt the market falls again, and we might even make a new all time high.
Cheers,
Ivan Labrie.
We can also examine BID to find it's holding earnings support.
These two stocks can tell you a lot about the direction of the broad market, as illustrated by Tim West in his publications.
I am net long again, but with an open mind. Until FOMC, I doubt the market falls again, and we might even make a new all time high.
Cheers,
Ivan Labrie.
Nota
Good move, now at support. It'd have to continue to progress next week.Nota
IBB almost at the target. One thing: hitting the target we might come back down, unless we start a strong uptrend (for example, if we don't get a rate hike on September)Dagangan ditutup secara manual
I'd reccomend closing for the week. One day left in the uptrend timer.🔒Want to dive deeper? Check out my paid services below🔒
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.