Member Request: $CDEV

Strictly speaking, $CDEV is in a bear wedge here, but I do not believe this will be one that breaks down, but rather, I believe it is a coil that will propel it higher (given my outlook on the markets as a whole). Wave 5 may go as high as it would like, but I would be cautious as we approach the prior all-time highs as that is a predictable place for supply to enter the market and it would give the structure off the COVID lows just about a perfect “look.”


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

Leave a Reply

Your email address will not be published. Required fields are marked *