It is a platform-type ride with several freely spinning cars that are attached at fixed pivot points on a rotating platform.More importantly, it is a ride that spins on fixed points, and that is exactly what we can see happening with the Economic Modern Family.
The market gyrates up and down, but ultimately, that freely spinning index or sector , winds up back at the fixed pivot point., after wars, weather, strikes, jobs reports, and Fed speak, here she is still in a trading range that dates to January 2024.Because when that range breaks one way or another, the move will be strong and profitable for those on the right side.
Since mid-July, we can see that 256 is the resistance to clear. However, the support levels are not as clearly defined.And in the meanwhile, also make sure SMH does not fail 235 or the 50-day moving average. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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