Good Day for the Bulls...

Clear Quad 1-2!

1. GEX

Small postive divergence

2. XHB (I took a 5% position), GBTC (Bitcoin), IWM turned bullish Quad Trend (which is new!)

Nice RS Pattern —> higher low and then cross of the 5 MA of relative strength!

GBTC (same pattern!):

IWM, nice!

QQQ, SMH, T2108 (Breath) stayed bullish trend:

QQQ —>

SMH:

T2108 (Breath):

All in all, this is a clear Quad 1-2 (Flagged Symbols are bullish trend):

So we did not get a pullback, but bullish flags with bullish relative strength behaiv. get build.

3. Liquidity

+ Liquidity is doing just fine!

4. Positioning:

Watch the videos of Jason Shapiro —> “they bought the dip, but now are selling the rip”, which is bullish.

All in all, this is bullish, only negative is the SVIX, but my interpretation is, everybody is still scared which is a good sign.

August 8th bullish call turned out to be fine:

https://www.portfolio123.com/app/r2g/summary?id=1757039

All the best and best regards

Andreas

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