The Long Investor
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$SOFI
🕑 Added 2025-04-03 10:06:24 +0000 UTCStill has a higher low, still above the 0.5 Fib and still above the 200 Day MA.
A lot of finance positions will likely take a hit today as the market factors in an increased likelihood of a recession due to these tariffs and that will affect borrowing.
A recession slows down the engine of the economy and that is buying and selling goods, something banks need to keep doing to earn from.
If the 200 Day MA is not held here at $11 then the lower low would be the standard 0.618 Fib at $9.67.
I will consider adding at this level once support is held.
