Bearish on VYM -which could be buying opportunity
Although the recent break above resistance is definitely a bullish signal, I do think we will see a reversal. The breath of the break and the two candles following seem to show that the market is uncertain and ready to drop back down at any moment. Add to this the recent political issues -which are issues- and the trade tariffs which do weight on larger/international companies of which VYM is composed and there is a bit potential for a downturn.
Note that I do think this is a good opportunity to buy; unless a real crash is coming, a correction of 10% would offer entry points in a good/stable economy and index.
Note that I do think this is a good opportunity to buy; unless a real crash is coming, a correction of 10% would offer entry points in a good/stable economy and index.
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