SPX is running and looking good, likely on the Biden / vaccine double punch. It's above the local resistance from last few weeks, now looking bright. I've placed the resistance level a little low on the chart here - but really, support and resistance are 'zones' more than specific price points more often than not. Perhaps I'll start drawing 'em that way.
MACD and RSI both look fine, indicate buying momentum but not yet overbought or out of the ordinary. If this keeps moving up slow and steady then I'd expect to see BTCUSD do rather well in the next 2 weeks or so, and gold continue to move down as we see the market expose to more risk. Glorious to see the COVID slump left behind by the chart.
Currently I'm in Salesforce $CRM and looking to scale in to other cloud stocks, so will be monitoring the macro picture this week.
MACD and RSI both look fine, indicate buying momentum but not yet overbought or out of the ordinary. If this keeps moving up slow and steady then I'd expect to see BTCUSD do rather well in the next 2 weeks or so, and gold continue to move down as we see the market expose to more risk. Glorious to see the COVID slump left behind by the chart.
Currently I'm in Salesforce $CRM and looking to scale in to other cloud stocks, so will be monitoring the macro picture this week.