Looks positive, but a very big trial point for the coin.
Could pop or flop.
All the great news is bullishly comforting and other big players are suggesting bullish outcome. Equally, many people think BTC will drop. A nice Head & shoulders is forming (TBD).
Inverse Head & Shoulder hopefully pops to a resistance line of $11,700
Or test ...
For the SPX to go higher imo, it has to clearly trade above the monthly pivot currently at 1985 SPX500 CFD. At the moment if resistance holds with observed selling, am looking for possible more downside price action. If price can trade above 1985, price could try to trade back up to highs? To be honest, I have no clue where the SPX is heading!
Not a bull or a bear, more of a flip flopper and trade what price action is showing me. The DOW looks to have traded support on October 2nd. As long as October 2nd support is not broken, I have a bias to buy the pullbacks on signs of support. However, if the DOW makes a new LH and breaks below October 2nd low making a LL, I would flip to a seller. Always use a ...