$SQ continues to push higher as the 10 Year Yield shows weakness again today.
There is a clear and full correlation with the Yields and Banking sector stocks.
We know that a pull back is needed here but there is value hunters still very happy to add at these lows levels and there is still a long way to go for this to move back up to the top yellow trend line.
The price action looks to be drawn towards our blue line.....maybe by here at $55, there will be a need to pull back.
Either way, nice bounce form $38 to $51 today.....just a casual 30% bounce.
Gareth Neary
2023-11-07 16:08:56 +0000 UTCDanielstocks#7923
2023-11-07 16:08:16 +0000 UTC