$CLF correction inevitable, still bullish long-term

4 Ağu 2021

MacD and RSI on CLF calling for a selloff, I think we'll see it follow this ABC type correction pattern instead of a complete dump. If it tests white support line at point (C) I will be adding heavily to September calls. Currently in a short position. MacD is almost identical to every single prior selloff. Ultimately I am long this stock but the short term swing seems undeniable. Assuming ABC correction based on previous correction patterns and timeframes. Fib time zone placed between apex of bull trends.

11 Ağu 2021

Not

Invalidated! I forgot to account for the potential catalyst of the infrastructure bill passing. You live and you learn!