The current market is looking very much like the 2019 Market just before the covid sell off began in both the chart and the RSI.
If we can not hold the 21 weekly MA as support, I believe a visit back to 30k is looking very likely before the next major run up to and above 100k.
Without the Heavy Covid FUD of 2019, this potential sell off may not be so severe. This is why I dont think we will dip below 30k, but anything is possible.
Thoughts and feedback please.
If we can not hold the 21 weekly MA as support, I believe a visit back to 30k is looking very likely before the next major run up to and above 100k.
Without the Heavy Covid FUD of 2019, this potential sell off may not be so severe. This is why I dont think we will dip below 30k, but anything is possible.
Thoughts and feedback please.