When Will The Bitcoin Permabulls Care About The Huge Intraday Swings?

The rising 50 DMA @ 9549 was tested last week and held so far. If Bitcoin closes below that, it will press sales.

SPX-cash (Long term view)

Our LT overshoot level @ 3081 remains our upside target. The sharply rising 20 DMA @ 2974.43 and the 5/1 high @ 2954.13 are below.

A close back below the 5/1 high @ 2954.13 would be bearish. The 50 DMA @ 2901.97 is far below

Long term overbought condition has been unwinding

S&P futures: (Short term view). Watch the key levels mentioned below for next short term move. On 7/15 our short term overshoot level @ 3023.50 was tested.

Last week it tested the 20 DMA @ 2977.50 and held. Our short term bounce zone @ 2969-2956 is below our projected levels above are 3057.75 and 3085.50. Long term overbought condition has been unwinding.

IWM

Can be long some as trading above the 50 DMA @ 152.84 with our bounce zone @ 151.68-150.18 below. The .764 level @ 157.38, the 7/1 high @ 158.03 and then the 5/6 high @ 161.11 are all above. No long term signal here.

CRUDE

Traded inside our selling zone @ 58.60-60.49 this month and failed to CLOSE above so far. Our bounce zone @ 55.77-54.55 was tested last week as the  54.55 level held. A close below 54.55 to make sales.

The 50 DMA @ 57.21, 200 DMA @ 57.72 and the 20 DMA 57.94 are ALL above. A close above the 20 DMA to add to longs. No LT signal here.

XLF

The rising 20 DMA @ 27.83 with our first ST support level @ 27.77. Holding remains bullish, a close below 27.77 to make some sales. The 7/15 high @ 28.35 is above the 50 DMA @ 27.31, and our Bounce zone @ 27.14-26.84 are below. No long term signal here.

QQQ 

The 7/15 high @ 194.19 is above. The 20 DMA @ 190.41 and holding remains bullish. A close below first support @ 188.30 to make sales. No long term signal here.

10 year note yields 

Yield are riding the 20 DMA @ 2.045 after ticking @ 1.951 on 7/2/19. The falling 50 DMA @ 2.140 with our ST selling zone @ 2.273-2.349 above. No new LT signal at this time.

IBB 

Our bounce zone @ 105.39-104.07 is being tested. The 50 DMA @ 105.25 is inside the zone. I would be a buyer inside the zone with 104.07 holding. No LT signal at this time.

FIBOCRYPTOCALL

XBTUSD (Bitcoin) 

When will the Bitcoin Permabulls care about the HUGE INTRADAY swings? Our LT selling zone @ 11323-13256 was tested this month and failed. The rising 50 DMA @ 9549 was tested last week and held SO FAR. A CLOSE BELOW to press sales. The 20 WMA @ 7503 is below. No new LT signal at this time.

SPX-cash daily chart

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