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Assessment: Action last week was pretty sedate in the indices. I thought the bulk of traders would be back from the holiday, but they surely didn’t bring the action. Look forward to seeing what we get this week as the fall portfolio reshuffling should start to get underway. We are in a period of weak seasonality for the markets…but again, volume is nowhere to be found.
That $26,000 level is a magnet for BTC. It’s like planetary gravity drawing price to it. However, if that gravity breaks we will either launch higher back to $30,000 or sink right down to the $23K area.
BTC Chart: https://sblk.io/s/y44ESqhqUaf4TNo
Good luck in your trades!