AGAIN, This is all that matters right now...
We are at this level again. Currently we are below this level but I expect this to put up a fight again. It's BEYOND clear how important this level is even though people will argue til they are red in the face.
The 200 day MA sits at around 2615. We are currently below this level in the SPX and the DOW, however we are well above the 200 day in the NDX and the IWM. I have posted about this level many times before and it is being tested over and over again.
Should this hold like it has before the past SEVEN times then I would be looking to LOAD THE BOAT in NDX and IWM for the chase higher. Should this break then major caution is warranted. Here is a zoomed in version below where the updated price is right now.
I also see crypto going higher. This is, as of late been more of a RISK ON indicator for the overall markets. Someone is wrong here...Risk on or Risk off is currently conflicting at the moment and should sync up soon.
I can definitely go both ways, bull/bear, I don't care. IF SPX is truly going to break down then METALS are going to have to get their ass in gear here (GLD, GDX, SLV, etc.) Which you can see below they are doing ABSOLUTELY nothing but a little bounce.
As bullish as I AM, I am not going to ignore certain signals. My opinion does not make money and I am not afraid to switch sides here. We are entering into a PIVOTAL 48 hours and or next week. A decision will be made
see mine just up...I like your work..(as you know)...and the comments! rates and the dollar..I like Bitcoins action..the dow? can mount a good rally here..question is did we get "the top" in Jan.? ALWAYS a great job..my friend..
I am not sure...the DOW and SPX look like dog poop and the NDX and IWM are holding up...crypto is rising and SPX is falling. The dollar bounces big and gold is holding.
Markets get out of sync usually before the big moves happen. Chew people up compeltely before the direction is chosen...we are getting closer!
as usual my reply is "exactly". thnx
It's funny the only industry where the best answer sometimes is "i don't know" lol
right!
You got a 22.90% upvote from @whalecreator courtesy of @heyimsnuffles! Delegate your Steem Power to earn 100% payouts.
Great Read! Check out my post as well.
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This post has received a 40 % upvote from @kath1 thanks to: @heyimsnuffles.
It will be fun watching you call it like a baseball game!