VXF ( I remain long) moved below the 10 DMA, but buyers came in..... I use the closing prices so still waiting to see how this plays out..... XES and FCG getting hit hard too.... XES and FCG is a dollar trade based on a move by the dollar much lower, and I will be trading NUGT too once I like the setup......
https://stockcharts.com/h-sc/ui?s=XE...11&a=692182569
The dollar ( green line) XES ( purple line) please compare using the LT data chart below. Now will it be different this time using the 2008 and 2019 data? Don't know, but I track these data points for possible buying ops....
The LT monthly data chart that includes the dollar and XES...... Note the relationship of these two at market tops.... I would say XES has a huge move coming "IF" it's not different this time.... I wait and watch this data for a possible buying op!
Look at this updated chart - It's called rotation, or moving to higher levels (decks) of the Titanic as it went down.... It worked for awhile (a trade) but in the end everything gets sold. Some Hedge Fund Mangers would say you just have sell what you can once the sellers just want out....
https://stockcharts.com/h-sc/ui?s=%2...06&a=696733759
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