SPX & Bitcoin Correlated? In That Case...

2022年7月3日

If Bitcoin and the S&P 500 index are still correlated, then we can expect...

We haven't looked at the SPX for a while since we believe the crash we predicted earlier this year is not yet over.

But we know that nothing moves up or down in a straight line, the market moves in waves... It fluctuates up and down.

We see this fluctuation/price dynamic taking the SPX to the green zone.

We are due to a "price bounce", that is a small/medium sized recovery before the crash continues on... Based on the chart.
(Note: Please keep in mind that the charts are always changing and are bound to change. What we see today can change tomorrow.)

We have two gaps on the SPX chart; these gaps always tend to fill up.

The gaps are to the upside.
The charts are bullish.
We are looking a green candles, Friday, and higher lows.

If this new week starting tomorrow we get confirmation, we can see prices move up.

Even if it doesn't happen right away, we see a recovery that will fill the gaps in July...

What's your take?

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Thank you for reading.

Namaste.