Thursday, October 3, 2019

Weekly Cycles in Retail Brokers

Weekly Cycles in Retail Brokers (SCHW, AMTD, ETFC) have been down for quite sometime and their price action continues to closely follow the cycle. An example below showing the weekly cycle chart for Charles Schwab (SCHW). The question is when do their cycles really bottom?

Charles Schwab Weekly Cycle Chart - 10/03/2019