August 8 Chart of the Day - Invesco PSCU ETF
Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so that's what we use for the basis of our reviews
The Invesco S&P SmallCap Utilities & Communication Services ETF (Fund) is based on the S&P SmallCap 600® Capped Utilities & Communication Services Index (Index).
The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the overall performance of the securities of US utility companies and companies in the communication services sector.
Companies in the utility sector are principally engaged in providing either energy, water, electric or natural gas utilities, and companies the communications sector facilitate communication or offer related content and information through various types of media, such as diversified and wireless telecommunication services, media, entertainment and interactive media and services.
We have featured over 250 Charts of the Day since May 2023 and teach Price Action Trading for FREE to traders who join our Highly Rated Trade Room.
Monthly Chart
Weekly Chart
Only time will tell for sure what price will do next...
We've layered in traditional Fibonacci levels as well as support/resistance and trend to help identify potential price levels of interest and/or future price targets.
Armed with precision oriented charts like these both traders and investors can formulate their respective plans.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones,
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think.
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