Difficult day for the market today after Core PCE came in hotter than expected and now the FED's job has become a little harder
Trump will want the FED to reduce rates but the economy is still staying strong which makes it counterproductive to cut rates.
The spanner in the works I believe is that people need to work two or more jobs just to keep up with high inflation and the cost of living....which is a bubbling issue that is not sustainable.
Any position that is maintaining its structure right now is doing well as the market is certainly under pressure.
$OSCR has done well to stay in the descending wedge here and above $13
As long as the market is uncertain then $OSCR can stay in this scenario.
Every single investor in $OSCR is aware of this wedge and its dimension, nobody is guaranteed that the moment you buy a stock price it should break out and go higher
You have a strategy and you execute that strategy
And I am happy with my position, certainly in the wedge and to the 0.618 Fib at $10.36, which was communicated on Christmas day, none of this is new information.
We need the market to give us some relief and I believe $OSCR will react accordingly but until then, we play the cards we are dealt
$OSCR is still slightly green for the year, which is somewhere a lot of people would be happy with now.
Martechnic
2025-03-30 09:58:38 +0000 UTCSid
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