Crypto and SPX are still in correction territory. As the major indexes move below their current medium-term growth lines, a bigger correction looms beneath the surface. A deeper drawdown for the SPX/NDX seems inevitable here and it will most likely have repercussions in the crypto space as well.
Note
Markets are looking very toppy. There is a multitude of reasons why this can end terribly and the biggest being complacency. The markets are due for an extremely sharp correction in the short term
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.