ridethepig | Semiconductors Sweep The Highs ?
Although no longer necessary a sweep of the highs to 100 would make XSD much easier to trade as we enter into the next economic cycle down. Those following in the Telegram will know I have been tracking the highs in Consumer staples from a Waves perspective here:
As the final target has been reached which coincides with a Technical double top (at least so far in Semi's) it means that the test of a psychological 100 level is no longer required. It would however make things far easier to trade for 2020. To put simply, I am in no rush to position here but remain wary of the possibility highs are cemented and a breakdown occurs.
From a strictly NQ perspective in the long-term the Wave Count I have been tracking:
On the Industry specifics:
If you tracking Semi's relative to software there is also a breakout in the making; this will imply a new relative high can be made and hence I remain sidelined waiting to sell the highs with ECB/FED combo to come.
All the best.
As the final target has been reached which coincides with a Technical double top (at least so far in Semi's) it means that the test of a psychological 100 level is no longer required. It would however make things far easier to trade for 2020. To put simply, I am in no rush to position here but remain wary of the possibility highs are cemented and a breakdown occurs.
From a strictly NQ perspective in the long-term the Wave Count I have been tracking:
On the Industry specifics:
If you tracking Semi's relative to software there is also a breakout in the making; this will imply a new relative high can be made and hence I remain sidelined waiting to sell the highs with ECB/FED combo to come.
All the best.
Comment:
Comment:
Comment:
Wary of the major breakup
Trade active
