SPY is BEARISH
S&P showing weakness out of the rising wedge, attempting to rise above its most recent high but failing. As price rises, there is no volume behind it and also shows an OBV divergence. Also notice the yellow vertical lines. It shows that on strong price selling reaction, strong selling volume pours in behind it with also an impulsive downmove in OBV.
This will be a slow fall in price....until it has a strong gap down. A great way to short the SPY with leverage is in
SPXU that is 3x levered.
#Bitcoin will be a longterm dominant player in the longterm game, as the FEDS continue to devalue the US dollar, people will leave their holdings in the dollar and stocks and possibly reallocate to Crypto.
This will be a slow fall in price....until it has a strong gap down. A great way to short the SPY with leverage is in
SPXU that is 3x levered. #Bitcoin will be a longterm dominant player in the longterm game, as the FEDS continue to devalue the US dollar, people will leave their holdings in the dollar and stocks and possibly reallocate to Crypto.
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