we are long on us market upsidewe are long on us market with cmp upside target-1000+ point in coming soon
Maketcap
$SPX - S&P 500 new ATHOn Friday 10/25/21 the $SPX - S&P 500 closed at $4,566.48 up +21.58% for a new ATH - up from FY20' high of $4,756.07 an increase of (32.7%) YoY
This was boosted by strong earnings, progress on U.S.-China trade, & $TSLA reaching a new ATH price/share and record breaking market cap of +$1.0T - $SPX contributes to 113.6% daily returns YTD - 7th highest weighting in the S&P 500 at a 1.5% index weighting
After hitting a new high on 06/26/21 the S&P 500 suffered a sharp sell-off amid fears of an economic recession in August FY21' - hat month the S&P 500 dropped (1.8%) - struggled through September FY21' but has rebounded strongly in October - now up more than 6% from its August
Last week’s 1.2% rise set the stage for a potential S&P 500 upside breakout
The market is sending you a very strong message: The cyclical stocks are recovering and they are outperforming. If the economy was going to hit a really bad patch, these stocks wouldn’t be recovering. The market is finally breaking out of this trading range and it is headed higher
Will crypto market crash or not ? Hi friends
Everything is clear but I'll give you some extra infomation
Both market cap and BTC/USDT now are struggeling with major R . Especially market cap might make a double top pattern
PLEASE PLEASE take this advice from me:
*** NEVER BUY AT RESISTANCE AND NEVER SELL AT SUPPORTS ***
if you're bullish just wait till the R is broken and for more sureness you can wait for pullback
and if you are bearish and hope trader you can go short
I myself am bearish because of my wave counting (It could be wrong but it is my opinon )
like and comment your opinion please
Good luck
