SPX Eyes Gap Fill as Bitcoin Forms Bullish Hammer Setup

SmartReversals
12-02

$S&P 500(.SPX)$ : At this stage of the bull market, the sooner a gap is filled, the better for healthy continuation.

The level of $6,776.4 is acting as a magnet, and the 50DMA is the next line of defense. A consolidation after a +3.73% rally is perfectly normal.

Bitcoin is Printing a Daily Hammer: Yes, the 20DMA can reject the price again, but this time the lower Bollinger band is curling up.

A visit to $90K is likely as long as the latest candle holds its current shape and sets a higher low.

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