GOLDMAN: “In light of recent stress in the banking system, we no longer expect the #FOMC to deliver a rate hike at its March 22 meeting with considerable uncertainty about the path beyond March.” [Hatzius]
Game on. As I’ve said a few times, DXY is about to rollover back into its downtrend and EMs are going to confirm the start of the next bull market.
Out of all of the people I follow on the technical analysis side there were a few that predicted the 58$ bottom within a dollar or 2, rejection at 120 and final upturn around 79-80 at the lowest. All of them posted over the past few days that baba had entered their buy range, and see mean reversion to mid 170s within 2023.
I don’t put all my eggs in the TA basket but I like to live by the expression ‘the proof is in the pudding’. Dudes consistently calling accurate levels 6 months out aren’t just throwing darts.$Alibaba(BABA)$
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