Buying pressure, as measured by our buying/selling index, fear/greed and capitulation index, drove prices higher. The move was followed by options traders who bought quite agressively calls. The tick index closed at +135, a rather neutral reading, indicating not much pressure at the close. Surprisingly, the weekly survey among active professional portfolio managers pointed out to a diminished optimism from this category of market participants as most indexes closed at new highs.

P.s. The Bitcoin stands at a critical juncture, if it doesn’t rally swiftly over the next few days, new lows for the years are ahead.

Very short term oscillator	Positive +
Short term oscillator	Positive +
RVI trend	Positive +
Trend short term (5 days)	Up ​​
Trend mid term (8 days)	Up ​​
Differential of trends	Up ​​
Risk profile6	69 (scale of 1 (low risk) to 100 (high risk))

 

Next udate: TUESDAY 13TH JULY 2021