S&P 500 IndexLong
Relief in Equities
Updated
Risk appetites are back, we have a nice bottom in Bitcoin.
Confident we see equities push into the 4000 range in /ES.
The slope of the moving average is still aggressively bearish - (the angle of the red line is sloping down)
I imagine even with the bearish trend intact, we should see relief in price testing that 20d/20w moving average.
We may see bulls run it into resistance, and then the trend down will most likely continue.
Confident we see equities push into the 4000 range in /ES.
The slope of the moving average is still aggressively bearish - (the angle of the red line is sloping down)
I imagine even with the bearish trend intact, we should see relief in price testing that 20d/20w moving average.
We may see bulls run it into resistance, and then the trend down will most likely continue.
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