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No idea up or down from here. Maybe an ascending triangle is in the making. Possible range day.
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Testing yesterday's low, strong rebound would be double bottom therefore the low might be in, watch.
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But consumers boosted purchases at electronics and appliance stores, which soared 22.9%, likely reflecting strong demand as many Americans work from home.
Last edited by Al_Dente on Fri Aug 14, 2020 10:13 am, edited 2 times in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Bank stocks down with bond yields up is a yellow card and could speak to credit issues
As for market, what sort of bull phase ever co-existed with banks off 30%?
Broke the 1st blue line is the first good sign. 60% chances the low was in. Wait for the 2nd blue line breakout if wants to be sure that indeed the low was in.
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