The S&P500 has been consolidating in a Flag style pattern for most of this year but price action is currently testing the upper trend line. Keep an eye on this latest push higher as any successful breakout might bring the 2,880 level into focus.
Lithium stocks have been in favour due to the demand for the metal in batteries and the wider application this has for electric cars. Aussie Lithium stocks featured heavily in a trade meeting I participated in yesterday and I thought I’d summarise some of the ones we discussed and that caught my interest but I’ve […]
US stocks have been trading with greater volatility over recent weeks which has sparked some speculation that a major correction is unfolding. Whilst I am the first to agree that trends don’t continue in straight line ad infinitum, I’m not seeing any clues that a correction is underway just yet. In this post I check […]
Those of you who have followed my reviews for some time will know that the key support level I’ve had in mind for Bitcoin is near the whole-number $8,000 level. This is because this is near the long term chart’s retracement level of 61.8%; a key Fibonacci level or rather, a level where the herd […]
Bitcoin is still struggling near the long-term weekly chart 61.8% Fibonacci level but momentum continues to decline. I’m still on the lookout for the next momentum-based move here.