I foresee a fairly predictable bearish August. Around $5500 will possibly be a good time to accumulate before a possible small rally in August.
200 day MA will continue its descent while the 50 day MA will continue to rise. The 50 day MA will draw close to the 200 day MA which may be a bullish indicator, if the market is ready we could see an end to 2018's bearish correction. Alternatively, a golden cross may occur in September which would be a bullish indicator. I think the most likely outcome however is a continuation of the bear market for now.
This is not financial advice. User "eloquentplatypus" accepts no liability for any financial losses due to the information provided.
200 day MA will continue its descent while the 50 day MA will continue to rise. The 50 day MA will draw close to the 200 day MA which may be a bullish indicator, if the market is ready we could see an end to 2018's bearish correction. Alternatively, a golden cross may occur in September which would be a bullish indicator. I think the most likely outcome however is a continuation of the bear market for now.
This is not financial advice. User "eloquentplatypus" accepts no liability for any financial losses due to the information provided.
