SPX500 Weekly Review
Wave Analysis
During the previous trading week, SPX500 continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains within the inner channel, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the both the last impulsive waves (5) and should break beyond 4600 towards 5000.00 and may extend even higher.
Trade Recommendations:
We're buyers towards 4600.00.
Gold Weekl Review
We're sellers towards the lower trendline.
BTCUSD Weekly Review
Wave Analysis
During the past few week, BTC pulled back massively to the lowerside but could not break below the level 27525.54. As long as the price remains above this zone, we are buyers, basically, we are looking forwards to a possible bullish price rally and should see the price break and close above 50375.14 and may extend much higher. As it is right now, we are buyers. Conservative traders should wait and pick a buy above 50375.14 and may extend much higher towards 60k.
Trade Recommendations:
We're buyers towards 60k.
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