Forecast S&P-Oil-Crypto | 17 July 2020
S&P 500 Weekly Standard & Poor’s 500 Price Risk Analysis Forecast
(Previous week in brackets)
Standard & Poor 500 | LT-M | MT-W | ST-D | |||
---|---|---|---|---|---|---|
3222 (3188) | ||||||
Trend | ↑ (↑) | ↑ (↑) | ↑ (↑) | |||
% Risk Weight |
72 (70) | 90 (85) | 88 (87) | |||
Allocation | 0% (0%) |
10 July: S&P showed a rather unusual narrow range last week of just 80 odd points edging 2% higher from the previous week close. Technically this index continues to look heavy and whilst the analysis we show is the correct approach to minimising alloction risk, one cannot be sure due to massive support from low interest rate based purchases. All time frames are in “ready to turn down” risk mode. No change, no allocation to the S&P index
Brent Crude oil Weekly Brent Crude Oil Price Risk Analysis Forecast
(Previous week in brackets)
Brent | LT-M | MT-W | ST-D | |||
---|---|---|---|---|---|---|
43.10 (43.26) | ||||||
Trend | ↑ (↑) | ↑ (↑) | ↓ (↑) | |||
% Risk Weight |
38 (38) | 95 (92) | 86 (78) | |||
Allocation | 50% (50%) |
10 July: Given the mild bearish divergence inside Daily time frame we could see a pause and slight price decline. This would enable the MT and LT time frames to get closer for another, possibly strong, price move upward into filling the March 45 handle opening gap and beyond. We stay long for now. No Change
BTC Bitcoin Price, Weekly Bitcoin Price Risk Analysis Forecast
(Previous week in brackets)
BITCOIN BTC/USD | LT-M | MT-W | ST-D | |||
---|---|---|---|---|---|---|
9115 (9210) | ||||||
Trend | ↑ (↑) | ↓ (↓) | ↓ (↓) | |||
% Risk Weight |
51 (51) | 72 (74) | 38 (65) | |||
Allocation | 0% (0%) |
10 July: LT is in a weak uptrend but price too near upper resistance at 9600. MT and ST daily look weak.
No Change
Bitpanda Pro – BEST/EUR Token Price Risk Analysis
(Previous week in brackets)
Bitpanda – BEST/EUR | LT-M | MT-W | ST-D | |||
---|---|---|---|---|---|---|
0.0773 (0.0773) | ||||||
Trend | ↓ (Virtual) | ↓ (↓) | ↑ (↓) | |||
% Risk Weight |
75 (75) | 34 (50) | 35 (25) | |||
Allocation | 100% (100%) |
BEST token live price 24/7
10 July: Bitpanda needs to seek new introductions which can be traded in BEST tokens. We would expect some positive vibes in that direction. Both Daily and Weekly risk are moving down rapidly enough on a 4% decline this week to warrent a bottom relatively soon. That bottom could easily setup for another strong rally where short term risk builds bullish divergence vs LT Monthly which should virtually sit around the 75 level. This allocation represents a hedge against the unknown of much weaker future fiat currency behavior. Rather Gold, Silver and BEST than money in the bank. Hence staying fully invested
Courtesy chart of the Binance coin in USD which started life in 2017 at 0.05.
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