Breaking above the resistance, with a measured target of $367

Breaking above the resistance, with a measured target of $94-$98

It is now down -14% since the post. My profile has been pretty quiet, and I'm okay with that. I will consider going long on specific assets / ETFs once I see a reversal in the overall market (SP500) 🙏🏻✌️🏻

https://commonstock.com/post/d039f503-6d0f-41ed-8b91-a5b2ab04d6d6 by @dwsk

https://commonstock.com/post/d039f503-6d0f-41ed-8b91-a5b2ab04d6d6 by @dwsk

At the time of the post, it was at $405, now $367.

-10%.

Taking a look at a relative chart between $SPY vs. $DXY, it looks like it is still not the time to go long yet. Cash is 👑, or at least hedge to reduce drawdown.

I have been bearish for quite some time and am still bearish. The monthly coppock is still in the red. During this time, my post is quiet until we can see a reversal (+coppock, break of downtrend, or higher high and low). The long-term port is on pause for the time being. 😴

Break above outside of this box opens up the opportunity for a 45% run to $22-24

https://commonstock.com/post/57b5a62e-ed70-40b5-a263-c03f1dd767c4 by @dwsk

Upcoming Event: Earnings: 8/4

Rectangle Channel Target: $65

Nice bounce off 20DMA. Once we break the rectangle pattern, look for a 1:1 ratio price target to scale out.