AZL Weekly Report, page-148

1. Same two points in your post am focusing for sometime now, for the last few weeks If you had noticed, the green US leading to red US/ASX Li companies. so there are higher chances that red will lead to green or consolidation range for Li companies, No more
decline and we all know that no change in anticipation (demand) long term.

2. Li sector is way oversold.

3. Mostly Li sector tracks Tesla, Tesla is currently oversold with RSI at 28.62.

4.The other one is Bond yields, VIX as mentioned by you. There is a clear divergence. Well this is not a financial advice but I do not believe in a massive dump in markets. Reason being the next point.


5. June bottom at 3400 S&P, fear in the market was, recession, negative growth, extremely high 40 years inflation, aggressively rate hikes?

Well, there is no recession yet.

Growth is still positive.

Inflation has came down to 7.1 from whooping 9%. A significant decrease.

And

FED has slowed down the rate hike.


All positives IMO, so why market would crash this time? Market would weigh all these positives and wont go down much IMO.

THE DIVERGENCES YOU HAD MENTIONED IS FOR THIS ABOVE REASON I BELIEVE.

Fake push down for the one last time before breaking the bear market trend line.

AZL is sitting at a crucial support, I have found that on chart, @0.060. Good news is that we have bounced off nicely.




So gathered all these points above, I came to conclusion that we could see a rally around last week of this year. NFA and make sure to DYOR.