Possible dead cat bounce coming for the S&P
As the markets got extremely oversold last week, it is possible to get a bounce and retest the 21 weekly MA.
The 56 weekly MA worked as support for now and we could have a good upward week ahead followed by
another leg to the downside. Also, BTC and crypto are mirroring the S&P for now as well.
The 56 weekly MA worked as support for now and we could have a good upward week ahead followed by
another leg to the downside. Also, BTC and crypto are mirroring the S&P for now as well.
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Penafian
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