$SCHD - RC -
Added 2023-09-11 20:30:40 +0000 UTC$SCHD is a US Dividend ETF, certainly two possibilities for what is next for $SCHD, as this is in a triangle waiting to decide on its next direction.
If this is the red corrective wave, then we have Wave C completing at the 0.5 Fib which was close to the 2020 high, so it a realistic target and a break down from the triangle should confirm this.
Likewise, a break to the upside and this conveniently moves higher until exactly the end of the year, in line with our bullish thesis for the market, with a target of $95.
So a clean break and hold above $77 and this is into the bull case and you will enjoy a steady climb for the rest of the year.
Comments
Just checked this one (3:1 split adjusted) and pretty accurate pullback; looking like wave 4 support @ 27.4 areas Thank you!
RyAN
2024-12-12 03:48:18 +0000 UTC
