Tag Archives: Technicals

Key S&P 500 Levels To Watch As Market Endures 4th Straight Day Of Losses

The S&P 500 ETF Trust (NYSE:SPY) traded lower by 0.43% on Thursday, its fourth consecutive day of losses, prompting traders to look to the charts for key potential support levels for the market.

Tom Essaye, founder of Sevens Report Research, highlighted several key levels he’s watching for potential support and even some critical potential resistance levels should the S&P 500 bounce off of its lows at some point.

Related Link: This Model Suggests Negative S&P 500 Returns Over The Next Decade

Current Situation: First, Essaye defined what he calls....More>>>

How Bitcoin Is Preparing For An Explosive Bullish Break

On Saturday Benzinga ran a poll on Twitter asking whether people think Bitcoin (CRYPTO: BTC) would hit $50,000 this weekend. As of Sunday afternoon 71% of respondents chose ‘yes.’ Although Bitcoin may need a few days for further consolidation as the apex cryptocurrency looks to be preparing for another run north.

See Also: Is Bitcoin a good investment in 2021?

The Bitcoin Chart: Bitcoin has settled into a bull flag pattern with the pole created between Aug. 19 and Aug. 20 and the flag between Saturday and Sunday. If Bitcoin breaks up bullishly from the formation....More>>>