In a very bearish set up here, dropped out of the ascending channel after rejecting at the 0.78 Fib, loses the 50 and 200 Day MA and the 50 Day is about to cross through the 200 Day shortly for a death cross.
Chart remains unchanged and my target is the 0.5 Fib at 2.647%
$PYPL, $SQ, $SOFI, $AFRM and $TLT should directly benefit from this drop.
Gareth Neary
2024-07-15 19:56:17 +0000 UTCDerek Bealby
2024-07-15 19:55:50 +0000 UTC