As the markets got extremely oversold last week, it is possible to get a bounce and retest the 21 weekly MA.
The 56 weekly MA worked as support for now and we could have a good upward week ahead followed by
another leg to the downside. Also, BTC and crypto are mirroring the S&P for now as well.
The 56 weekly MA worked as support for now and we could have a good upward week ahead followed by
another leg to the downside. Also, BTC and crypto are mirroring the S&P for now as well.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.