The Dovish Fed has given us momentum to the upside but taking into account macro global trends the rally is likely unsustainable. Chart is starting to look toppy. Trade deals need to be signed. Until then Smart money is risk off. I expect rolling bear market to continue. Cheers
This is mainly bullish but bears have a couple opportunities. I think price is likely to get pushed sideways which is a tell for accumulation. Want to see multi-pivot turn support. Price needs to cross 200ma and turn support. Need green candle. Bullish Target & Major resistance at 3775. #BTC
Local bottom has support but this market move should be taken as a leading indicator for the macro global economy. Let the Bear market continue. Price target at 132
This could be the bottom for the SPX but i find it unlikely. Its a big week next week with the Fed probably hiking rates. Too much uncertainty. investors wont deploy capital Until trade agreements are signed. Reversion to the 200 weekly MA likely.
Whales have accumulated around 6200. Unlikely to dump their inventory as it would result in price coming back down to the previous range. I expect a breakout Past major resistance. Break Out Traders will push price higher causing massive retail Fomo. Whales who bought at 6200 will distribute at top of previous range. Price unlikely to break 10,000.
