Posted by DigiNomad on 20th of Mar 2024 at 12:56 pm
KRE - H&S look on the weekly....right shoulder could use
some work. Today and tomorrow are likely to tell us whether or not
we're completing wave C of a bear flag or going higher.
Twitter is mostly bullish. I don't understand why except for
the fact that being a bull has been the only thing that has
paid in many months now or maybe that the Fed and Treasury are
likely to protect very powerful investors in this sector at all
costs. CRE "expert" dude on CNBC yesterday said that we're
maybe in the top of the 1st when it comes to the CRE crisis and he
sees no viable ways to escape...especially if rate don't come down
a lot, and come down very soon.
KRE - H&S look on
Posted by DigiNomad on 20th of Mar 2024 at 12:56 pm
KRE - H&S look on the weekly....right shoulder could use some work. Today and tomorrow are likely to tell us whether or not we're completing wave C of a bear flag or going higher. Twitter is mostly bullish. I don't understand why except for the fact that being a bull has been the only thing that has paid in many months now or maybe that the Fed and Treasury are likely to protect very powerful investors in this sector at all costs. CRE "expert" dude on CNBC yesterday said that we're maybe in the top of the 1st when it comes to the CRE crisis and he sees no viable ways to escape...especially if rate don't come down a lot, and come down very soon.
KRE and TNX going in
Posted by DigiNomad on 20th of Mar 2024 at 02:39 pm
KRE and TNX going in the same direction (up). Good luck with that. I think one will be wrong.