Seems like BTCUSD might break on the upside. On the short term view it broke a resistance. Price has now pulled back around a level that the previous resistance might act as a support. Let's see how it pans out within 24h.
The BTCUSD just finished an irregular simple 3-3-5 flat correction as of July 17th, 2019 by bottoming around $9000. Before correcting, the BTCUSD did a beautiful textbook impulsive wave. Since the count is clear so far, the confidence level that we may began a new impulsive wave today is high and the current entry point of $9900 is very attractive.
The SP:SPX broke a symmetrical triangle on May 9th on the upside. The next resistance is the previous ATH at 2875 points. Two scenarios seem possible from the current level: 1) the most conservative one where the index cannot break its 2875 points resistance and forms a double top or 2) the most optimistic one where the index temporarily breaks above 2900 points...