Over the past year BTC broke out of a stage 4 decline it formed a "cup and handle" broke out above the 200D MA but failed to hold momentum but instead rolled over into a range. It's now trading under the POC "27900 level" the path of least resistance would be to target the 200D MA as a demand zone, this should play out by the end of this month if we print a...
The AUD has been trading under the 200D for a while now making LH's. At the .61 level we have a double bottom a retest of this level has a low probability of holding, if a strong bounce is not achieved all hell could break loose on a third test.
CURRENT MARKET TRENDS 🔄 1. 🎯 Selective Market Dynamics The present market scenario remains highly selective. This has been a pattern, with a tendency for a rotational environment. Stocks that are currently underperforming or rebounding from their lowest points are leading the market for short durations. This is while tech-heavy indices like the Nasdaq...
At a critical juncture while hanging on a pivot for both 200D and zero gamma. The 200D regression trend turned up positive as the tail is now at the peak of aug bull rally. Total S&P 500 gamma is neutral around zero gamma / 4k. No vol events and no flows from options means lower daily distributions. Bulls - Slow grind up here into CPI. - Low CPI/PPI Only...
Reject off 200 D SMA, RSI approaching oversold, stochastics bearish cross. Pull back to previous support; the 50 D SMA. Somewhere in the region of 6650.