Gold's Golden Breakout

StatsEdgeTrading

Let’s go over some Weekly charts.

Crypto

The rally in crypto continues. There is not much to add with the price up week over week other than watching $BTCUSD all time highs that are comming. A failure to break all time highs is intresting but there is no sign of that yet.

Gold

Gold has broken out of its AVWAP Pinch after nearly two moths of being traped within that range. Not only was the break on a solid green candle but that candle closes over a high were price was rejecting for some time.

Stocks

Another new weekly all time closing high for the S&P 500 both equal and cap weighted. A rest may be needed, but I can find nothing to be long-term bearish about right now.

Scalping short floats

Check out the video above for my plan when it comes to scalping high short floats names as a way to get some trades in while the market continues to grind higher.