RE: I despair...!16 Jul 2021 11:14
I kinda agree with Kev, cpi, inflation and just sector sentiment, Bloomberg said yesterday the biggest fallers will be energy, especially overvalued companies, with not much income at present I think we fit into that bracket,
We’ve broke the bullish pennant to the downside
So it will more than likely fall further over time IM0
It’s rsi is oversold on the daily normally a good entry point but I think they might walk this down to oversold on the weekly rsi
I wouldn’t be surprised if it fell to 40pish at some point so will keep some dry powder and pray that it does ha, I’m invsted, I’m bullish but let’s be real inflation, and markets at all time tells me a bigger correction will mort than likely come at somepoint this year before we carry on are bull run
Be prepared for it
Have dry powder to take advantage
The markets not against you….it’s how they work
As for inflation USA is about 5.6%
Cuba is 400% - that is absolutely nuts