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In my last post BTC hit 200 MA at 48K form a double top and crashes into 35.7K, this price action is similar with SPX and NASDAQ. Which form evening star doji in its weekly chart, after that everything goes down. Will it goes all the way down? Off course not... in the Weekly chart we finally see an evening star pattern, a sign of bullish reversal for both SPX,...
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This year economic outlook is not great... yes there might be a post pandemic boom but inflation is way to high right now. This will killed consumer purchasing power dan possibly causing recession in later half of 2022 and maybe next year. To decrease inflation the fed increase interest rate, this will increase mortage rate and possibly cause housing market...
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