Elsewhere look for Gold to continue in its short term uptrend while Crude Oil churns with
more sideways price action.
While the steep uptrend is now broken and
more sideways price action is possible short - term, a rally above $ 4400 is still very likely in the coming week.
That said, the declining short - term trendline is still close to the current rate, and the most valuable cryptocurrency might be in for
more sideways price action, before the Judgement Day of BTC in August.
The MACD indicator is neutral, and
more sideways price action is likely before a sustained move higher.
Not exact matches
At this point in time I think it's going to be
more of a time thing than anything else as far the
sideways price action goes.
In this week's Stock Market Video, Cabot Growth Investor and Cabot Top Ten Trader Chief Analyst Mike Cintolo remains relatively neutral while the market continues to chop
sideways, but a couple of factors are making him
more optimistic, including worsening investor sentiment (that's usually a good thing for the market) and improved
price / volume
action in some growth stocks, including a bunch that are making persistent advances, which he hasn't seen for many months.
More sideways - to - higher
price action is likely in the near term.