Short

S&P 500 at a Crucial Juncture!

Updated

The index finds itself at a pivotal crossroads, where a decisive move in either direction can shape the dominant trajectory in the coming months. A fresh all-time high (ATH) could be in the offing should the index breach the resistance zone, yet crossing the threshold of the orange support zone might usher in a descent toward the blue support area.

Additionally, it's prudent to watch the Dollar Index (DXY), given the historical tendency for the S&P 500 to exhibit inverse movements relative to the DXY.

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BTC: First close below the bull market support band this year!

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BTC: A look at The Bear Resistance Trendline

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The housing market has experienced a swift and pronounced deterioration. Current purchasing conditions have reached a point that has only been witnessed twice since 1960. The market was grappling with significant recessions on both of these previous occasions.

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If DXY maintains its bullish momentum, the S&P500 is likely to decline..

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BTC: Double top formation could play out!

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