The summer trading continues to grind along. Major indexes are posting new highs on low volatility. Nothing the Fed said changed the direction or outlook of the market.
Meme stocks and Bitcoin are not breaking down yet. Both have found support levels and could be looking for a turn. Note the EXPR breakout…
I’ve been dollar-cost averaging on Bitcoin and decided to increase my weekly purchases. Still holding some back in case we get a big dip but the bottom may be in.
Futures are mixed this morning and barring an A+ setup on a meme stock I’ll be risk off today.
*GRVI is on watch
*GROM has support at $3.40
*MRIN has resistance at $4
*ACXP is on watch
*MDWD has support at $6
*XYF has support at $14
*SBEV has resistance at $4
EXPR watching for a setup above $7
CHS has support at $6.50
WISH has resistance at $15
OTC (on watch, no levels):
WSRC, HTZGQ, ENZC, RECAF, DPLS, PHIL, MMATIF, MJWL, CGXEF, DXLG, GBHPF