S&P 500 Index Goes Green Monday (10% Jump & Good News)

15 Jul 2022

Out of nowhere, we will witness good news on Monday and the Standard & Poor's 500 Index (SPX) goes green.

Some people are saying that the correction between BTC and SPX is over but this isn't true.

Just as the SPX recovers so does Bitcoin.

The last three days green for the SPX.
The last three days green for BTC.

New low set between 16-18 June for the SPX.
New low set between 16-18 June for BTC.

Initial low set around mid-May for the SPX.
Initial low set around mid-May for BTC.

These are just some of the similaties.


SPX Bullish Signals

• The SPX left multiple gaps on the way down, these are going to be filled on the next bullish wave.
  
  
• The SPX today trades above EMA10 and EMA21.
  
  
• The RSI is about to hit 50, which we consider bullish/strong.
  
  
• High buy volume 17-June after a new low.
  
  
• Yesterday we got a reversal candle ending in a higher low compared to 17-June.
  

We see a 10% rise in the weeks to come.

For your convience, the targets are always marked yellow (or green dashed line or both) across all markets while support is marked light blue.

The support level range is the light blue space but the specific low/bottom price is always marked with a red dashed-line.

I hope you find this information useful.

Namaste.