Complex correction is the most probable scenario!
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I think based on the pattern in the charts and the past 2 days of high volatility in the market, the most probable scenario could be a complex correction and a shift from tech stocks to Banks, Energy, and Telecommunications.
Monitoring small caps (RUT) is very important, if they break below their support level(weekly chart), they are in big trouble!
This could be a temporary shift that could last a few weeks!
Banks:
Energy:
Telecommunications:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Monitoring small caps (RUT) is very important, if they break below their support level(weekly chart), they are in big trouble!
This could be a temporary shift that could last a few weeks!
Banks:
Energy:
Telecommunications:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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3 weeks ago I published this analysis and predict the shift from Tech stocks to Value stocks, Banks, Energy, and Telecommunication! 17 out of 18 stocks recommended in this article are trading at higher levels than 3 weeks ago! most of them +10%..!
The probability of being correct at least 17 out of 18 times is 0.00007248!
The Chance of success is: 0.00725%
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Blueline is the 21 days Rate of change for tickers, the Biggest change For OXY +14% and Lowest Comcast: -2.5%Nota
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