Good afternoon from CFT. Wanted to give a quick update here,
In front of us is our Wyckoff Wave Growth Index, its for the U.S. stock market. Lower right, we have an oversold Technometer, which tells us selling could be done. We have new lows in the OP while the price is holding, as shown by the blue arrows. And we think possibly here in the pink, a-b-c-d-e, we are completing a triangle. So we expect higher prices on U.S. stocks because of this.
Here is the SPY,
Standard & Poors 500, the same type of thing, oversold Technometer, OP selling while price holds.
And once again, the DIA, which is the Dow Jones ETF, oversold Technometer, selling while price holds.
So we expect higher prices in U.S. stocks, so we have a “risk-on” 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 to the upside, and new highs coming in the future.