油价逼近$109，美伊和谈陷入僵局；以黎停火协议延长
It’s natural for an undercut test of a 200-day MA to reverse on the test, but Bitcoin has been lingering at the moving average with a higher volume accumulation gain. If you took profits, no loss, but with the successful test of the 20-day MA, there may be a chance for new traders to jump in, and those with existing profits to roll them a little further.
An index looking ready to break higher is the equal-weighted S&P. The ’bull flag’ broke higher to a second test of the 8,300 in a matter of weeks, and a third test overall. Three tests are usually enough to deliver a breakout, and Thursday’s modest white candlestick from the 20-day MA is looking like a bullish play in the making. There is a weak ’sell’ MACD sell, as other technicals are positive.
The Nasdaq is fast approaching its latest measured move target.
But Nasdaq metrics are slowly rolling over. The NASDAQ Summation Index is a reliable reversal marker, and this is signalling a top.
Nasdaq bullish percentages are rolling over, too, but are not overbought.
However, the equal-weighted Nasdaq 100 is pressuring resistance and is set for a breakout. Thursday is registered as an accumulation day. So while Nasdaq breadth metrics are signalling a possible top, the equal-weighted Nasdaq 100 is only at the start of a possible bull market breakout.
Finally, the Dow Industrial Average is pressuring resistance on mixed technicals. On-Balance-Volume is turning higher on confirmed accumulation, backed by strong momentum. Only the MACD is indecisive.
We still have bullish setups to take advantage of, despite the late stage of rallies off lows. Trading volume has been trending higher since April lows and remains in confirmed accumulation. Until we see a shift towards distribution, there is no immediate need to be a seller, although profit-taking never hurt.