At the moment the S&P500 is testing an important pivot level. The local smart money region is just above (yellow line), so the biggest resistance is still to being tested on that pullback. The S&P500 price action in the coming days will determine the trend of the market, especially the stock market. Bitcoin and cryptocurrencies still heavily influenced by it.
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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.