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If you like to buy low and sell high, you might like this situation.
If you like to buy on 10-year support, you might like this situation.
If you like to buy when momentum is oversold, you might like this situation.
If you like bullish falling wedges, you might like this situation.
If you like to buy when bulls are hard to find, you might like this situation.
If you like the combo of all of these coming into play at one price point, you might like this situation.
Do you feel this could be an opportunity? What would you do here???
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Investor bias can hurt investment performance. I like looking at patterns and NOT knowing what the asset is. This process helps me focus on patterns and reduces my bias towards assets.
I am going to share this chart with Sector Extreme members later today, because I like the pattern and sentiment set up that is present above.
If you would like to share “What YOU would do here” please send us an email to [email protected] and share your thoughts. I am very interested in hearing what YOU would do with this situation at hand.
If you would like to know what this pattern is and what trades we are going to put in place, send us an email to [email protected] and we will email you a complimentary answer to this quiz and share what our game plan is.
Please note that I will send you the answer to the quiz this weekend, so members have the chance to establish positions, based upon this situation.
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Thx for the viewership and comment Paul! I hope you are correct as Sector members are long XLE and premium members are long EWZ. Both could benefit from higher oil prices.
I think this USO, and it is extremely oversold. Wedge Bullish and other technicals. Hope am right for newbie.
Thanks
Will. Thanks for the viewership and this question. I am not in favor of 3x ETF’s due to all they due is make my mistakes bigger! 😉 I do like a “few” of the conditions in the mining complex, not all of them though. Major concern, is the Silver/Gold ratio is still falling.
I’d like to know what you think of this.
JDST
JNUG
Thank you