1.SPX500 opened quite strong, pumped for more than 1% as the market started, then dumped slightly and closed with a small pump of 0.47% compare with yesterday.On the 1h and 4h chart we can clearly see that SPX500 met my short term support which I mentioned about 6 hours ago.
2.VIX(blue line) are rising and is near 30. 30 is a critical level as far as I’m concerned. If we break this level, we may at least see a dump like it happened on mid September. If it continues to rise we may even see a dump like the beginning of September.
3.Bitcoin(yellow line) short term decoupled with SPX500. I can’t say they have finished decoupling, I still think that if SPX dumped heavily, for example a 10% dump from last Monday’s high as Wilson predicted, it will also drag Bitcoin down.
4.Keep an eye on the process of the stimulus check plan. Pelosi mentioned that there’s some good process, but there’s still dissension between Pelosi and Mnuchin. We should watch it closely since it will strongly affect the market confidence.
2.VIX(blue line) are rising and is near 30. 30 is a critical level as far as I’m concerned. If we break this level, we may at least see a dump like it happened on mid September. If it continues to rise we may even see a dump like the beginning of September.
3.Bitcoin(yellow line) short term decoupled with SPX500. I can’t say they have finished decoupling, I still think that if SPX dumped heavily, for example a 10% dump from last Monday’s high as Wilson predicted, it will also drag Bitcoin down.
4.Keep an eye on the process of the stimulus check plan. Pelosi mentioned that there’s some good process, but there’s still dissension between Pelosi and Mnuchin. We should watch it closely since it will strongly affect the market confidence.
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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.