If the "S&P 500" breaks above 2815, then the rally is going to continue strongly higher for months. But if the "S&P 500" declines and stays below 2725 until the end of August then there remains a risk of a large stock market crash. Short-term the market is oversold and could break out above 2800 or a little higher towards 2815. Mid-term the market is way too...
Bitcoin currently in no-man's land. Breaking bear from here would confirm the bear flag established from the last 5 days. Meanwhile, breaking bullish will require a solid close above $12,000 to get out of its "funk". Buy-the-dippers have a support line between $7,000 and $8,000 - otherwise - see "Lots of Bears" on RSI chart. Would sleep on it. There's no...
Im taking a neutral stance on BTC for the time being. The bullishness seems to have petered out, as indicated by the lack of an ATH retest/breaks as we had last year. For now, we're ranging and not bullish. Definitely not bearish, but i'm not holding positions for a new ATH any time soon.
GBP/USD does not succeed to climb above 1.3400 Despite adoption of tax reform and release of various macroeconomic data, the British Pound is continuing to trade against the Dollar in a two-week long symmetrical triangle whose upper boundary simultaneously represents the slope of a larger falling wedge pattern. Because of an empty economic calendar as well lower...
Three H&S already, pretty sideway. Take a close attention on now price, might be very determining on where it will go next.
According to our rules the market is in the neutral zone where the price is trading within the Opening Range bands and the Pivot Range, both of which are overlapping. When this occurs after an A trade, in this case a failed A down trade, the bias then shifts to neutral.