The Morning Fibocall For August 7, 2019

The 20 DMA @ 1.991 with the falling 50 DMA @ 2.041

LT oversold signal has been triggered (RSI 18)

IBB

Closed above our first bounce level @ 103.67 to buy some.

20 DMA @ 105.50, 50 DMA @ 105.56

Very ST selling zone @ 106.18-107.30

200 DMA @ 106.72

No LT signal at this time

FIBOCRYPTOCALL

XBTUSD (Bitcoin)

Our LT selling zone @ 11323-13256 was tested in July and failed.

Back inside the zone now and would look to make sales.

20 DMA @ 10458 is below

No new LT signal at this time

SPX-cash daily chart
 


 

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Susan Miller 7 months ago Member's comment

Thanks Gary, while I find your technical data useful, your writing is always a bit hard to understand. It's like you are writing notes for yourself in shorthand, which makes it harder for everyone else to follow.