TSX:AX.PR.E - Post by User
Post by
garyreinson Oct 15, 2024 7:18pm
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Post# 36267277
TECHNICALS
TECHNICALSWhat you should find interesting here is that XRE and VNQ both "corrected" back to their early September levels and snapped back at their first level of support - around 7% pullback.
If today is any indication the next move up will either "double top" the mid-september levels, or breakout in a continued bullrun. My money is on the latter, but as I said before, be skeptical come Dec/Jan when theres green shoots and yields are back around 4-6%....It could be LIGHTS out if they pull the old "inflation is going back up" in Q2 OF 2025.