Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Expecting a Test of All-Time Highs; Crypto (MSTR and more

In today’s briefing:

  • Expecting a Test of All-Time Highs; Crypto (MSTR, HOOD, BTDR) And Quantum (QBTS, IONQ, RGTI) Leading


Expecting a Test of All-Time Highs; Crypto (MSTR, HOOD, BTDR) And Quantum (QBTS, IONQ, RGTI) Leading

By Joe Jasper

  • The market remains relentlessly strong, shrugging off the latest “bearish” headline regarding Moody’s U.S. debt downgrade on Friday.
  • This is exactly what we would expect to happen in a bull market, particularly during this “lockout rally,” and helps confirm our bullish outlook.
  • Our outlook will remain bullish as long as the SPX is above 5500, while short-term gap support is at 5700-5785. We expect a test of all-time highs soon.

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