S&P500 keep on moving within bull flag pattern and above Y VWAP VAL. Can't call it very bullish but while bullish pattern stay invalidated I take it as it is. Once range low or high gets invalidated we will have a confirmation for direction. Obviously Bitcoin will follow the same way.
🔥 You can trade S&P500 at PrimeXBT exchange with crypto 😉
@CryptoTrades #SP500 #Stocks
🔥 You can trade S&P500 at PrimeXBT exchange with crypto 😉
@CryptoTrades #SP500 #Stocks
S&P500 lost the range. Either Bitcoin detouch from stocks or soon we will see it follow them down.
🔥 You can trade S&P500 at PrimeXBT exchange with crypto 😉
@CryptoTrades #SP500 #Stocks
🔥 You can trade S&P500 at PrimeXBT exchange with crypto 😉
@CryptoTrades #SP500 #Stocks
Illustration to what I wrote in Bitcoin daily review.
DXY pumped to 103.2 SR and there is a possibility it will continue higher towards the next important level at 103.9 - that will lead to short term bearishness in stocks/crypto markets. Other scenarios - consolidation around 103.2 to form a bull flag which may eventually break up or down. Week candle look pretty bullish but if close below 103.2 it will give a chance for DXY to stay within same level for the next few week and maybe even fall lower to 100.5 (but globally its in uptrend so bullish moves are in priority).
Stocks S&P500 pulling back after dead cat bounce happened two weeks ago. I think it will touch 3977 SR in any case wither today or within next week. The rest depends on if it find support there or drop lower to Y'21 VWAP VAL at 3891.
@CryptoTrades #SP500 #Stocks #DXY
DXY pumped to 103.2 SR and there is a possibility it will continue higher towards the next important level at 103.9 - that will lead to short term bearishness in stocks/crypto markets. Other scenarios - consolidation around 103.2 to form a bull flag which may eventually break up or down. Week candle look pretty bullish but if close below 103.2 it will give a chance for DXY to stay within same level for the next few week and maybe even fall lower to 100.5 (but globally its in uptrend so bullish moves are in priority).
Stocks S&P500 pulling back after dead cat bounce happened two weeks ago. I think it will touch 3977 SR in any case wither today or within next week. The rest depends on if it find support there or drop lower to Y'21 VWAP VAL at 3891.
@CryptoTrades #SP500 #Stocks #DXY
Crypto Trades
This is the reaction. @CryptoTrades #SP500 #Stocks #DXY
Stocks at important support. Either this will be a place for temporary consolidation with potential bounce to ~3977 or proper third leg down to ~3812 follows.
@CryptoTrades #SP500 #Stocks
@CryptoTrades #SP500 #Stocks
Crypto Trades
Stocks at important support. Either this will be a place for temporary consolidation with potential bounce to ~3977 or proper third leg down to ~3812 follows. @CryptoTrades #SP500 #Stocks
S&P500 opened week with third leg down. Nearest target is 3840 and down to ~3812. Crypto should follow in the same direction unless stocks recover fast and return back above Year 2021 VWAP VAL at ~3891.
@CryptoTrades #SP500 #Stocks
@CryptoTrades #SP500 #Stocks
Crypto Trades
Stocks at important support. Either this will be a place for temporary consolidation with potential bounce to ~3977 or proper third leg down to ~3812 follows. @CryptoTrades #SP500 #Stocks
S&P500 bearish target for the 3rd leg down is reached ✅
Eleven 8H red candles in a row. Not forecasting anything, but in general its a good zone for a bounce. Although I can't imagine stocks recovering back to bull trend anywhere soon.
Decade VWAP is at 3975 and that is hard rock resistance turning stocks index chart into most bearish chart in decades. VAL at 3450 and zone below it down to 2020 Year open at 3236 makes it a target zone for retracement in case 2021 Year open at 3763 will be lost.
🔥 You can trade S&P500 at PrimeXBT exchange with bitcoin deposit 😉
@CryptoTrades #SP500 #Stocks
Eleven 8H red candles in a row. Not forecasting anything, but in general its a good zone for a bounce. Although I can't imagine stocks recovering back to bull trend anywhere soon.
Decade VWAP is at 3975 and that is hard rock resistance turning stocks index chart into most bearish chart in decades. VAL at 3450 and zone below it down to 2020 Year open at 3236 makes it a target zone for retracement in case 2021 Year open at 3763 will be lost.
🔥 You can trade S&P500 at PrimeXBT exchange with bitcoin deposit 😉
@CryptoTrades #SP500 #Stocks
Crypto Trades
S&P500 bearish target for the 3rd leg down is reached ✅ Eleven 8H red candles in a row. Not forecasting anything, but in general its a good zone for a bounce. Although I can't imagine stocks recovering back to bull trend anywhere soon. Decade VWAP is at…
Just a reminder to those who are all in crypto - this dump is not because all crypto is scam. The whole global market is shaking. In 5 days S&P500 lost over 10% which is huge. Now dancing around 2021 Year open. Critical level. Wherever price will find acceptance will lead to the next step. If find acceptance above we should see a dead cat bounce that will pass to crypto as well. If find acceptance below - next leg down to 3660 / 3590.
@CryptoTrades #SP500 #Stocks
@CryptoTrades #SP500 #Stocks
Crypto Trades
Just a reminder to those who are all in crypto - this dump is not because all crypto is scam. The whole global market is shaking. In 5 days S&P500 lost over 10% which is huge. Now dancing around 2021 Year open. Critical level. Wherever price will find acceptance…
Since I allowed myself too much hopium in BTC review here is the opposite side of the moon. S&P500 dropped back below Year 2021 open and June 14th low which makes this chart bearish again.
@CryptoTrades #SP500 #Stocks
@CryptoTrades #SP500 #Stocks
Crypto Trades
This is the second time in recent days when I have to admit that market surprised me. DXY pulled back just as I expected, but WTF? Crypto hardly holds for Week VWAP VAL. And that is not so bad as stocks are simply dumping further. DXY correction was supposed…
Global market review.
S&P500 under 2021 open which act as resistance.
Dollar Index dipped and bounced from April high - act as support. On short timeframe situation leaves a chance for bullish reversal. For S&P500 TPs would be 3890 / 3980. For DXY 103.5 / 103.2. BUT 👇🏽
On higher timeframe situation didn't change much. Stocks are still in downtrend (soon 6 months downtrend/correction). DXY broke out consolidation range (bull flag) which i t was forming for 5.5 years thus in longer term we may expect it to grow to 110-116.
So take current bullish season as a temporary occasion until higher timeframes prove we are wrong.
@CryptoTrades #DXY #SP500 #Stocks
S&P500 under 2021 open which act as resistance.
Dollar Index dipped and bounced from April high - act as support. On short timeframe situation leaves a chance for bullish reversal. For S&P500 TPs would be 3890 / 3980. For DXY 103.5 / 103.2. BUT 👇🏽
On higher timeframe situation didn't change much. Stocks are still in downtrend (soon 6 months downtrend/correction). DXY broke out consolidation range (bull flag) which i t was forming for 5.5 years thus in longer term we may expect it to grow to 110-116.
So take current bullish season as a temporary occasion until higher timeframes prove we are wrong.
@CryptoTrades #DXY #SP500 #Stocks
Crypto Trades
Global market review. S&P500 under 2021 open which act as resistance. Dollar Index dipped and bounced from April high - act as support. On short timeframe situation leaves a chance for bullish reversal. For S&P500 TPs would be 3890 / 3980. For DXY 103.5…
Global market review.
S&P500 broke out 2021 open as well as 2021 VWAP VAL. Don't see any fundamental reasons for that, just seems totally irrational. Nevertheless crypto market follows stocks and experience the same bullishness recently. How long will that bullishness hold I don't know. Might get to 3977 next week and pull back to 3764 after that.
Dollar Index still within uptrend. If next week it won't breakout the trendline and pump to 105 it will lose 103.9 SR and drop to 103.2
@CryptoTrades #DXY #SP500 #Stocks
S&P500 broke out 2021 open as well as 2021 VWAP VAL. Don't see any fundamental reasons for that, just seems totally irrational. Nevertheless crypto market follows stocks and experience the same bullishness recently. How long will that bullishness hold I don't know. Might get to 3977 next week and pull back to 3764 after that.
Dollar Index still within uptrend. If next week it won't breakout the trendline and pump to 105 it will lose 103.9 SR and drop to 103.2
@CryptoTrades #DXY #SP500 #Stocks
Crypto Trades
Global market review. S&P500 broke out 2021 open as well as 2021 VWAP VAL. Don't see any fundamental reasons for that, just seems totally irrational. Nevertheless crypto market follows stocks and experience the same bullishness recently. How long will that…
Global market review.
S&P500 didn't get to 3977 resistance a little - made a bull trap move and went down to hell. Nearest support 3811 / 3763. These levels can support the reversal from this major correction (talking bout week timeframe).
@CryptoTrades #SP500 #Stocks
S&P500 didn't get to 3977 resistance a little - made a bull trap move and went down to hell. Nearest support 3811 / 3763. These levels can support the reversal from this major correction (talking bout week timeframe).
@CryptoTrades #SP500 #Stocks
Crypto Trades
Global market review. S&P500 didn't get to 3977 resistance a little - made a bull trap move and went down to hell. Nearest support 3811 / 3763. These levels can support the reversal from this major correction (talking bout week timeframe). @CryptoTrades…
S&P500 at 3811 support but doesn't look strong. 3760 is waiting below. Bitcoin will surely follow if SPX does that second leg down.
@CryptoTrades #SP500 #Stocks
@CryptoTrades #SP500 #Stocks
Crypto Trades
S&P500 at 3811 support but doesn't look strong. 3760 is waiting below. Bitcoin will surely follow if SPX does that second leg down. @CryptoTrades #SP500 #Stocks
Global market review.
Really not clear situation today. I suggest to hold away from trading.
S&P500 at 3763 support and bounce is possible, but globally its in downtrend. Plus keep in mind that FEDs soon start dropping the balance sheet by about $50 billion per month, so the market will surely feel the pain. And risk assets like crypto especially.
Dollar Index raising in anticipation of what I wrote above. Current chart already look like consolidation within bull flag since June 14th, so when it breakout reaching ~110 will be a matter of time. Not long, couple of weeks maximum.
@CryptoTrades #DXY #SP500 #StocksDollar Index
Really not clear situation today. I suggest to hold away from trading.
S&P500 at 3763 support and bounce is possible, but globally its in downtrend. Plus keep in mind that FEDs soon start dropping the balance sheet by about $50 billion per month, so the market will surely feel the pain. And risk assets like crypto especially.
Dollar Index raising in anticipation of what I wrote above. Current chart already look like consolidation within bull flag since June 14th, so when it breakout reaching ~110 will be a matter of time. Not long, couple of weeks maximum.
@CryptoTrades #DXY #SP500 #StocksDollar Index
Looked very nice at the beginning, but stocks decided to close Friday with dump, so crypto followed. As usual. S&P500 should be heading towards 3900 so interesting to see where crypto will be by that moment.
@CryptoTrades #SP500 #Stocks
@CryptoTrades #SP500 #Stocks
Tomorrow new week starts, so what may we expect from the opening? Last week was pretty bullish. If next week start with pullback later index will continue growing. If first pump to 4070-4100 most probably will lead to a dump.
In any case since middle of June there is no serious volume on the chart and that doesn't give me too much confidence in that short bullrun. Most probably we will see re-test of 2021 Open at ~3764 sooner or later.
@CryptoTrades #SP500 #Stocks
In any case since middle of June there is no serious volume on the chart and that doesn't give me too much confidence in that short bullrun. Most probably we will see re-test of 2021 Open at ~3764 sooner or later.
@CryptoTrades #SP500 #Stocks
Since I've mentioned Stocks/DXY, these are same timeframe chart for them.
S&P500 showing signs of pulling back to 2021 VWAP VAL at ~3882 with potential dip lower for re-test of trendline and 3811 SR.
That corresponds with DXY slowing down the correction with potential breakout back above 106.57 and trendline. Doesn't mean it will 100% continue the uptrend, but breakout on its own will surely help stocks go down.
Was crypto move overseeing stocks correction or there is more to come, soon we will see.
@CryptoTrades #SP500 #Stocks
S&P500 showing signs of pulling back to 2021 VWAP VAL at ~3882 with potential dip lower for re-test of trendline and 3811 SR.
That corresponds with DXY slowing down the correction with potential breakout back above 106.57 and trendline. Doesn't mean it will 100% continue the uptrend, but breakout on its own will surely help stocks go down.
Was crypto move overseeing stocks correction or there is more to come, soon we will see.
@CryptoTrades #SP500 #Stocks
An illustration to what I wrote about S&P500 👆🏼
Now index is under 4133 resistance forming a bull flag. It doesn't guarantee breakout, but its a factor to consider when you think about shorting BTC/ETH as they will follow whatever stocks will do. Therefore I prefer to wait and see how stocks market evolve today and close this week before making any short entries.
@CryptoTrades #stocks #SP500
Now index is under 4133 resistance forming a bull flag. It doesn't guarantee breakout, but its a factor to consider when you think about shorting BTC/ETH as they will follow whatever stocks will do. Therefore I prefer to wait and see how stocks market evolve today and close this week before making any short entries.
@CryptoTrades #stocks #SP500
Stocks bearish engulfing on 1H after attempt to return back above 55EMA. Looks like chances to fall lower are increasing. FOMC in ~3 hours.
@CryptoTrades #SP500 #Stocks
@CryptoTrades #SP500 #Stocks