Imdmagic1

Imdmagic1

What we see here is a return to growth. MACD now has net favorable bars over 2+ days. Channels are all narrowing from their recent expansion period, and 25x5 DMA is shifting to cross 3X3 DMA, indicating a long-term trend reversal pushing back on the shorter term downward shift. #BCH and #LTC look particularly attractive after hitting hard support over their...

Imdmagic1

Channels have officially turned across all major asset classes (save crypto, where daily channels have flattened...see next post). Stay frosty.

Imdmagic1

All indicators at tops and looking to cross key supports/resistances. Next weeks' expectations vs. reality will tell the tale.