$PYPL TOP 20
Added 2024-04-07 11:10:34 +0000 UTC$PYPL is still in this bullish triangle for Subwave 4 but has not attempted to recapture the blue line again at $66.50....which is not much of a surprise considering how hard the 10 YR jumped this week and is looking like it can still push a little higher, especially if CPI comes in hot this week....if it does, the Fed is in a difficult position and will have no choice but to delay cuts again.
The correlation between the 10 Yr yield and $PYPL, $SOFI and $SQ is strong, interest rates affect their ability to grow, so we need this to reject and start coming down, which allows all three to move higher.
CPI this week is the big one for us to watch.
I am not doing anything with my $PYPL position right now.
