XMR / USD has been moving lock - step with the rest of the crypto market, which has seen the short
term bullish sentiment take a knock again.
For the near - term, the U.S. market had a relief rally at the end of the day on Friday, Feb. 9, so that short -
term bullish sentiment could carry over into the beginning of the week.
Not exact matches
«This supports near -
term positive follow - through, and suggests it will take at least a couple of weeks before «overly
bullish»
sentiment gives way to a pullback.»
With valuations very rich,
bullish sentiment high, and stocks generally overbought, there's a certain momentum to the market that makes it likely - in
terms of probability - that stocks will be higher in the weeks ahead.
Therefore, subdued long -
term interest rates is both a catalyst for better risk
sentiment as well as a consequence of central bank balance sheet expansion (namely ECB QE), which is in itself
bullish risk.
Long
term,
sentiment seems to be getting better and better: a whopping 83 % have a
bullish and promising outlook on the industry from a long -
term perspective.
«Equity
sentiment is, unsurprisingly, very
bullish and Barron's annual mid-December poll of buy - and sell - side strategists revealed near unanimity in
terms of economically
bullish sector views,» notes BCA Research in a note titled, «U.S. Equity Froth Watch.»
Thus, market's disappointment with the Fed's decision and positive
sentiment on the Pound is expected to keep the GBP / USD pair
bullish in the short -
term.
But once the market becomes not only richly valued, but
sentiment becomes broadly
bullish and stocks become overbought on a shorter -
term basis, the return / risk profile of the market becomes unfavorable even for speculation» (see Baron Rothschild).
In the short -
term then, oil may be facing the perfect storm of
bullish technicals, manipulation,
sentiment, presidential / election year rhetoric... oh, and maybe even some actual newsflow from Iran and / or Israel.
Built using a mixed series of weighted and non-weighted
sentiment data, the Thovallo Sentiment Model is proven to generate highly reliable longer term market turn signals (bullish or bearish) that indicate the onset of a new trend and the end of the previous trend with its main application to the price trends of the S&P 5
sentiment data, the Thovallo
Sentiment Model is proven to generate highly reliable longer term market turn signals (bullish or bearish) that indicate the onset of a new trend and the end of the previous trend with its main application to the price trends of the S&P 5
Sentiment Model is proven to generate highly reliable longer
term market turn signals (
bullish or bearish) that indicate the onset of a new trend and the end of the previous trend with its main application to the price trends of the S&P 500 Index.
In my experience it is perhaps the most universally - liked crypto; with nearly unanimous
bullish long -
term sentiment.
The 100 SMA is still below the longer -
term trendline, but the two are getting closer showing
bullish sentiment may follow.