Our New Bullish Counts in SPX & BTC

By Trading Analysis January 16th, 2019

We have finally reached our upside objective of 3300 in the S&P 500… Will this be the market top for now? During our January 15th live stream, Bennett went over what has been our primary count of the contracting triangle. Although we are leaning towards continuation higher, this count should not be discounted and should remain in the back of our minds.

As the market continues to melt higher, we must remember record levels of cash were on the sidelines during the 2018-2019 correction. Now we find investors once again returning to US equities as capital is reallocated to the markets. Bennett points out that due to the impulsiveness of the last few weeks it’s becoming more likely that these resistance levels get taken out.

In the next video Todd introduces our new Primary Bullish Scenario count..

Notice that both analyses show that we are due for a pullback in the markets. The question is, will the retracement be impulsive or corrective? If our old primary count is correct, the market should start to sell-off impulsively. If our new count is correct, we will consolidate around 3300 – 3100 before moving higher into our 3400 area targets.

The team remains long, however paying close attention to the technicals. The next few weeks should establish the direction of the markets for the next 3 to 4 months and should our 3300 resistance get taken out, we’ll be targeting a significantly larger move towards 3400+.

Bullish on Blockchain

By Trading Analysis January 16th, 2019

In other news, Bitcoin has finally broken the major trendline that has been keeping price action contained. As it shows Aleksandar is now looking for a correction to happen with a pullback to $8,000.

Bitcoin has finally broken the major trendline that has been keeping prices lower. As it shows Aleksandar is now looking for a correction to happen with a pullback to $8,000.

Alternative Coins have been gaining more traction as well recently, and Alek goes over ETC, ECH, and XRP in this next video.

Opportunity is knocking in the Blockchain Markets! Now is the time to take action if you have yet to checkout our trial. For only $27 you can test drive our full blockchain service! Click below to learn more.