The Morning Fibocall For July 9, 2019

10 year note yields
Yields are now ABOVE the falling 20 DMA @ 2.043 after ticking !@ 1.951 on 7/2/19
We said “We need to see it CLOSE above the 20 DMA to look for higher yields.
Our first bounce level @ 2.103, 50 DMA @ 2.224 with our ST selling zone @ 2.273-2.349
No new LT signal at this time


IBB
Closed back inside our  LT selling zone @ 108.04-109.98 with the 7/3 high @ 110.93 above.
Closed below our first support @ 108.31 and the 200 DMA @ 107.93
The 20 DMA @ 106.99, the 50 DMA @ 105.30 and our ST bounce zone @ 105.39-104.07
No new LT signal at this time

FiboCryptoCall

XBTUSD (Bitcoin)
A battle of the zones has been real as the “Bitcoin Permabulls” continue to shout 20K, 50K and much higher …..

Our LT selling zone @ 11323-13256 and to reduce some long exposure.
Our ST bounce zone @ 10549-9893 was also tested last week and HELD.
A CLOSE back below 9800 to press sales
20 DMA @ 10482 and a close below to SELL MORE
The rising 50 DMA @ 8506 is below
 Long term overbought condition is unwinding

SPX-cash daily chart


 

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