I dont believe the current state of the world is currently factored into the market prices. We have seen Crypto and stocks recover beautifully. However the recovery was fast the the war still rages on. With that being said SPY BTC are cooling off and although a retest of the up trend would be healthy it would be wise to prepare for more volatility and maybe take...
The yellow line is the trend and the red circles clearly show what bitcoin has been doing last couple days. Unless it doesnt, I have no reason to believe it wont do it again. Because right now that is the trend. Which shows that its a high probability bitcoin is going to make another lower low. Unless it doesn't of course. We shall see
Looking to make short term call options on SPY on the retest on the trend line.
Looking for Bitcoin to possibly bottom out soon then a rally to 42k b4 the downtrend continues
The S&P500 index SPX is showing signs that a further slide down can be on the horizon. Possible target of 4065.
Market conditions not looking good. HMA @104 EMA 50,100,200
Maybe low 20s as per Head and Shoulders. We breaking the neck line and our overall trend established in OCT 2020