RTX; few more years of slow gain
Looks like RTX is in the last leg of an ending diagonal as shown in the parallel channel; A-B-C-D-E. I think we can see a corrective wave in toward the $90's which would be a good buying opportunity, once we hit near $130-150...time to take profits and wait many years for the low between $40 and $70. I think the blue arrow path is the relative future direction.
If we get a sharp steady move like we did in 1995 and 2003, ignore this; especially if the monthly breaks and closes above the channel.
It's unlikely we will see much gains on RTX after 2025-2026 based on this history.
The 1995 massive gain was a 3rd wave which we won't be seeing in our life time; unless you're a teen.
Just wanted to note RTX and many equity charts look great and a nice slope upward, but as you can see there are very long periods of practically no gain. Take that into consideration when managing you portfolio.
If we get a sharp steady move like we did in 1995 and 2003, ignore this; especially if the monthly breaks and closes above the channel.
It's unlikely we will see much gains on RTX after 2025-2026 based on this history.
The 1995 massive gain was a 3rd wave which we won't be seeing in our life time; unless you're a teen.
Just wanted to note RTX and many equity charts look great and a nice slope upward, but as you can see there are very long periods of practically no gain. Take that into consideration when managing you portfolio.
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