KEY TAKEAWAYS $BTCUSD recently broke above critical resistance at $112k. Historically, the crypto has made significant moves after clearing a prolonged period of sideways trading. It’s time to set upside and downside targets—key levels we discuss below. Bitcoin ($BTCUSD) is riding a wave of surging optimism, smashing past $112k as retail and institutional capital pour … Read more
About the author: David KellerCMT is President and Chief Strategist at Sierra Alpha Research LLC, where he helps active investors make better decisions using behavioral finance and technical analysis. Dave is a CNBC Contributor, and he recaps market activity and interviews leading experts on his “Market Misbehavior” YouTube channel. A former President of the CMT … Read more
KEY TAKEAWAYS The S&P 500’s uptrend is intact and July is following its historically strong pattern with broad enough participation. The Bullish Percent Index remains above 50 and the percent of stocks trading above their 200-day simple moving average support the bullish movement in the S&P 500. Seasonality often turns choppier from August through October, … Read more
