S&P dropping to 2700 within the next few weeks will commence a consolidation period covering the mid-term elections and the holidays in my opinion, if so, it could be that the bull run will resume in January.
...Crypto will take advantage of such a setting through the holidays, as soon as a pull-back occurs in the markets, investors and traders will flock to...
The question I'm asking myself here is; will it reach 3000 to finish the month of August (tomorrow Friday, the 31st), and then will it begin to decline? If so, will the pull back find support at 2800, 2600, 2400? ...or will it just go on to march up to 3100-3200.
The market's recent run these past 5 sessions or so have been nothing short of breath taking. So much, I decided to annotate a chart of IXIC (just for fun) from the beginning of the bull run back in '09 to today's close, what I saw was the IXIC at peak resistance levels. Nothing technical about this chart, did it for fun but given what some of these companies are...