My TA indicates that Sp500 is in two rising channeles supported by the 100DMA and the 50DMA.
Apart from those DMAs, these two rising channels are acting as a support, which makes me believe that we are going to see a final blow-off top that will drag Sp500 to 20% increase from now.
This will also help stock market and crypto reach new ATHs. Once this price action is reached we will probably see a continue sell off for a few years.
Apart from those DMAs, these two rising channels are acting as a support, which makes me believe that we are going to see a final blow-off top that will drag Sp500 to 20% increase from now.
This will also help stock market and crypto reach new ATHs. Once this price action is reached we will probably see a continue sell off for a few years.
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