Whole U.S equity is in a downtrend, from a macro standpoint I don't think the market has price in the future interest rates hikes...
There is still downward preasure from a pure technical point a view :
-Price is in a downtrend
-Finding resistance
-RSI getting into overbought zone in low timeframe inciting a imminent correction.
and from a fondamental view ;
-Way too aggresive of a rebound
- Markets hasn't priced in the future interest rates hikes
-Shilley P/E that a consider too high at 29...
There is still downward preasure from a pure technical point a view :
-Price is in a downtrend
-Finding resistance
-RSI getting into overbought zone in low timeframe inciting a imminent correction.
and from a fondamental view ;
-Way too aggresive of a rebound
- Markets hasn't priced in the future interest rates hikes
-Shilley P/E that a consider too high at 29...