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Lengthy Yield Curve Remains Inverted Despite Sahm’s Rule
Two weeks ago we received a lot of panic selling in the financial markets that was caused by the Sahm’s rule recession indicator flashing a signal for a recession. The Sahm’s rule recession indicator suggests that we are already in a recession. The inverted yield curve is another important indicator to monitor, and so far […]Read More
USOIL Trending Down to $71.42
USOIL has been trading between the yellow trendlines near the midrange of this channel. USOIL is currently bearish and trending down to the $71.42 support level. I think we can see a bullish rebound around $71.42, and there is resistance on the way up around $82.68. Follow me on social media: https://linktr.ee/realchartchamp
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IWM Building Support Above $210.44
IWM has traded above the white resistance zone for the past 3 trading days. There is support building up above $210.44, which gives IWM and small cap stocks an opportunity to rally here. Follow me on social media: https://linktr.ee/realchartchamp
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