SP500S&P is going to test the most important level for this year. If this level gets broken we can look for another retest of previous lows which are not close. This level not holding means a significant decline for both crypto and stock markets as they are already surging downwards and there is already PANIC on the horizon.The fundamental events that will take place this week and possible increasing interest rates will be the key factor here.
Check out our previous post where we made more than 200+ pips shorting the S&P and much more profits buying the VXX the week before that. Don't forget to FOLLOW so you get informed about the next big move and ways to play it out from our channel.
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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.