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One platform for global traditional assets
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$SHOP
The consumer data released today was not good for consumers. That is also indirectly not good for SHOP. When the data weakens and disposable income gets squeezed, people quickly cut back on nonessential spending. That weakens merchant volumes on the platform and, in turn, SHOP's financials.
After the bounce, it got rejected where I marked with the red arrow, at the double top breakdown point and at the averages