Nasdaq up 2.2 percent last night. BBUS will fall today. S&P500 up 1.55 percent.
BBUS should in theory fall about 3 percent today to circa $4.93. If the US markets weaken, this is a value 'oversold' entry point.
The 1-hour BBUS chart is flat to slightly down. Since Dec 26, the longer-term chart has been down.
The 1-hour GGUS chart trend is still up, especially after it rises circa 3 percent today. The 9 and 21 EMA lines are still above a rising 50 EMA line. This is bullish for now.
BBUS, page-78
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2,806.7 |
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