{"id":5972,"date":"2021-06-03T23:34:17","date_gmt":"2021-06-03T21:34:17","guid":{"rendered":"https:\/\/cryptosfundtrading.com\/?p=5972"},"modified":"2021-09-30T10:23:12","modified_gmt":"2021-09-30T08:23:12","slug":"us-stocks-wyckoff-quick-update","status":"publish","type":"post","link":"https:\/\/cryptosfundtrading.com\/es\/us-stocks-wyckoff-quick-update\/","title":{"rendered":"US Stocks – Wyckoff quick update!"},"content":{"rendered":"

Good afternoon from CFT.\u00a0 Wanted to give a quick update here,<\/p>\n

In front of us is our Wyckoff Wave Growth Index, its for the U.S. stock market.\u00a0 Lower right, we have an oversold Technometer, which tells us selling could be done.\u00a0 We have new lows in the OP while the price is holding, as shown by the blue arrows.\u00a0 And we think possibly here in the pink, a-b-c-d-e, we are completing\u00a0a triangle.\u00a0 So we expect higher prices on U.S.\u00a0stocks because of this.<\/p>\n

Here is the SPY,\u00a0<\/span><\/p>\n

Standard & Poors 500, the same type of thing, oversold Technometer, OP selling\u00a0while price holds.<\/p>\n

And once again, the DIA, which is the Dow Jones ETF, oversold Technometer, selling while price holds.<\/p>\n

So we expect higher prices in U.S.\u00a0stocks, so we have a \u00abrisk-on\u00bb environment, and also because of that, we think Bitcoin, the chart we have been showing, wave 4 is done, and we are working on expanding\u00a0to the upside, and new highs coming in the future.<\/p>\n