Hello from CFT (Our new video is out!),
We talked last week about wanting to be a buyer on stock weakness and Bitcoin weakness. We did get that.
We did continue to add down to the $19,000-$19,200. Indicators are really just neutral here, so we are still in a trading mode. Any strong rally, we will liquidate, scratch some trades take some profits, and any lower, we will continue to add to longs.
we were looking for a hopefully successful test of the 280 level. We did not get that with last week’s weakness; indicators are kind of neutral now, so we are on the sidelines.
We talked about possibly it could test the previous highs. It has done that, we look for a pullback to 101, 101.50, and then we will reevaluate.
We have leaned a little bit friendly; indicators are still a little friendly, so we are looking for a rally this week in precious metals.