$V TOP 20
Added 2024-10-27 18:58:39 +0000 UTC$V also reports after the close on Tuesday and their guidance will be very important to us.....they will be able to tell the market if there are any changes to consumer spending, if they give a bullish update....this will be significant on the market....it could also signal that inflation may in fact be rising again.
$V's chart has not changed all year and we spoke throughout the year of the significance of $V continuing to move higher, as its movement is directly correlated to spending....the big issue is that it is not only in the US, it is everywhere, so it is not a full representation of the US economy.....but their guidance will still help us build a big picture.
$V is giving everyone a second chance to add here and it has pulled back to the 0.5 Fib just above the 50 Day MA, a hold here or above the 200 Day MA just below the 0.618 Fib will be another clear signal to add again.
