False breakout or to 7800? SPY will lead.
Green: Continuation of the false breakout. Price is rejected at the 0.618 fib level.
Red: Price is unable to break above the 0.50 fib level and heads lower immediately.
Note: Both the SPY and Bitcoin are currently around the 0.50 fib level. 0.50 fib level is a critical level psychologically for the SPY.
Expect rejection and a wake-up call for many retail investors. Unless if a miracle happens!
Tip: Keep an eye on news headlines.
Not financial advice. Good luck.
Red: Price is unable to break above the 0.50 fib level and heads lower immediately.
Note: Both the SPY and Bitcoin are currently around the 0.50 fib level. 0.50 fib level is a critical level psychologically for the SPY.
Expect rejection and a wake-up call for many retail investors. Unless if a miracle happens!
Tip: Keep an eye on news headlines.
Not financial advice. Good luck.
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