I literality will not buy ANYTHING related too and/or apart of the S&P 500 until it breaks and retest the last high @4824.
i think this is worth mush further studying... RSI peaks compared to Bitcoin price action and the results that followed.
I'm not trusting LONG trades at all as we move into next year!
a solid move to the upside would have to take place here in order for me to be less of a bear in these current market conditions! I'm just gonna sit here and wait...
So, what happens when this goes to absolute $ZERO? Also, the Hang Seng is literally on the knifes edge...
This is what i see..., SPX500 has either TOPPED or NOT. If it hasn't, the move up might be a MELT UP . Just watch carefully!
Just Supply/Demand, QP's, Trend lines, and Price Action. NEVER forget to LOOK LEFT. When price action moves in to that RED area, the INDICES should be showing signs of weakness or already moving down.
Lets see how long this trend to the downside holds up
Im following price action on the Dollar and USDCAD to see how this plays out
Looking for more sells off that trend line
Looking for more sell off the trend line if it holds.
Short term bias. There maybe a retest of the Monthly supply zone off the trend line, just keeping an eye on it for now.
Revised my SPX500 chart to reflect my new penny (.01) entry.
Bears have the market. Finally 😤😂😂😂