08.02.2022
More downside for spec tech?
The chart below shows the spot price of IGV, the iShares ETF for US software, versus Qi’s macro model value.
After a 2 month down trade, IGV has been consolidating at recent lows. Some may hope a bottom is being formed. Macro conditions, however, have deteriorated sharply again. That’s prompted a bearish divergence pattern on RETINA™.
After a 2 month down trade, IGV has been consolidating at recent lows. Some may hope a bottom is being formed. Macro conditions, however, have deteriorated sharply again. That’s prompted a bearish divergence pattern on RETINA™.
