Telegram Trading

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Assessment: Bullish price action in the markets, but my concern for the bulls is they aren’t triggering any short covering on this rally. So, it’s like the bears are saying “do whatever you want…we aren’t going anywhere”. Typically when prices got above the 50 SMA in the S&P 500, we would see a volume spike as bears covered…often signaling bullish momentum. So far these price spikes have been met with almost no volume. Very odd and something to take note of as we watch the action in the days ahead.

Bitcoin holding tightly under $65K. Bulls need to crack that level or another test of $60K could be coming and eventually that buy zone is going to run out of buyers and crack!

Good luck in your trades!