Quick Market Outlook, Jul 22

Weekly showing double top structure quite consolidated and 3x3 now cupping, doji — definitely a Transition pattern.

D, 4h: not showing momentum, cannot regain/push above key levels with conviction (notice M neckline resistance holding).

Our outlook remains bearish and price action is confirming that.

BTC dominance seems to have found heavy resistance at 69%, now it sits just below 68%, couldn’t break key level.

T10 high caps index showing bullish dominance structure and very early potential signs of a bottom but as seen before, needs to play out with a solid confirmation. Still bearish outlook for now.
Low caps are looking worse than high caps, nothing to do but wait. Bearish outlook.

Weekly bearish structure, bounce within 3x3 moving average, up move is apparently over;
Daily shows clear a quite clear downtrend (likely lasting some time until we are hitting interesting levels again and pivoting);
In the shorter term, a 4h retest from below of SEX200 is likely (potential relief rally to 260).