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SPY Bullish Gap Higher to All Time Highs
This morning the S&P opened with a bullish gap higher, and is trading at resistance near $565. There have been 6 green consecutive days in a row for the S&P, I’m expecting that streak to break soon and for the sellers to push the price back down. The S&P is approaching its worst performing dates […]Read More
Altcoin Market Starting to Trend Down
As Bitcoin and Ethereum start to flip bearish, the Altcoin market is also starting to trend back down. I have the lower end of the channel around $466.5 billion as a key level of interest. If the crypto market drops in Sept and early October it will be important to see if Bitcoin, Ethereum, and […]Read More
Ethereum Losing Value Relative to Bitcoin
Over the weekend ETH/BTC was trading at the lowest level in four years, which implies that Ethereum continues to show weakness and lose value relative to Bitcoin. ETH is trading near support at $2,307.58, but is showing some concerning bearish price action here. There is strong sell pressure into support, and ETH will have to […]Read More