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...
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