The general picture short-term is bullish but this can easily change.
The volume is low and going lower
Recently we've also been seeing a correlation between Bitcoin and the SPX. Bitcoin started to drop and the SPX is closed on the weekend, it is possible for the SPX also to drop on Monday if the correlation is to continue.
See Bitcoin (BTCUSD) here:
I also looked at past history and how the SPX behaves in this type of scenario and another drop is common.
So, even if you see it going up, it is very likely to drop strong and suddenly in the near future.
That's just my opinion of course... Do you agree or not?
Share with us in the comments section below.
Namaste.
The volume is low and going lower
Recently we've also been seeing a correlation between Bitcoin and the SPX. Bitcoin started to drop and the SPX is closed on the weekend, it is possible for the SPX also to drop on Monday if the correlation is to continue.
See Bitcoin (BTCUSD) here:
I also looked at past history and how the SPX behaves in this type of scenario and another drop is common.
So, even if you see it going up, it is very likely to drop strong and suddenly in the near future.
That's just my opinion of course... Do you agree or not?
Share with us in the comments section below.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.