Yesterday we saw another massive bullish move in the markets after the FED made comments about a pivot for the first time since the raising of the rates began. Note that they didn't announce a reduction of interest rates, but rather a reduction of the incremental increases from 0.75% to 0.5%.
As seen on the chart, the SP500 is currently trading right on the most important resistance line since the bear market began over a year ago. A rejection can signal another multi-month decline in the markets, while a break out can be the start of a move all the way towards the current all-time high, effectively ending the bear market.
Keep a close eye on the coming days. It's likely that we will see a minor bounce off this resistance, but most important will be if the bounce will get significant follow-through or not. Best case for the bulls would be a very big green candle right through the resistance. But until then, patience.
Side note: cryptos follow stocks. Bearish stocks will most likely mean bearish cryptos.
As seen on the chart, the SP500 is currently trading right on the most important resistance line since the bear market began over a year ago. A rejection can signal another multi-month decline in the markets, while a break out can be the start of a move all the way towards the current all-time high, effectively ending the bear market.
Keep a close eye on the coming days. It's likely that we will see a minor bounce off this resistance, but most important will be if the bounce will get significant follow-through or not. Best case for the bulls would be a very big green candle right through the resistance. But until then, patience.
Side note: cryptos follow stocks. Bearish stocks will most likely mean bearish cryptos.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相关出版物
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。