In today’s briefing:
- FANG and HK Tech Bear Patterns
FANG and HK Tech Bear Patterns
- US tech remains a top short theme as we near the mid April cycle peak point (another cycle peak due post Fed hike). Tech remains the key bear driver.
- FANG bear triangulation, NDX timid bounce, wedge counter trend count in KWEB appears complete (bear wedge) with some color on Tencent’s compelling bearish triangle setup for new lows.
- Use July rally attempts to add to shorts for new chart lows in August/September. CPI print today a key input.
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