We're on the tail end of a choppy wave 4.
Above 63270 we get a buy signal.
The derivatives side of the market (perpetual futures) are leveraged to the upside.
These need to be slowly pushed out before we can start heading higher.
Of course there are other factors that play a role too. Profit taking that needs to be bought up on the spot market, ... ect
Medium 2 month prognosis is very bullish with all moving averages pointing to the upside. (rising)
Above 63270 we get a buy signal.
The derivatives side of the market (perpetual futures) are leveraged to the upside.
These need to be slowly pushed out before we can start heading higher.
Of course there are other factors that play a role too. Profit taking that needs to be bought up on the spot market, ... ect
Medium 2 month prognosis is very bullish with all moving averages pointing to the upside. (rising)