The performance of the Spy (S&P 500) has been declining since January 2022. The angle of decline ranges from -60 to -57 degrees, on average taking 61 days to reach the bottom. Based on this trend, I anticipate that by February 10th, the Spy will be valued at around $350, though it's important to note that this is just a prediction and not a guarantee. If the Spy...
Since Feb 2021, SPY needs on average 26 days to complete its bull/bear cycle. As SPY price goes higher, the gains slow down slightly, which is accounted for with the trend angles dropping 4 degrees per month from its Higher Low to Higher High. If you did not take a call position yet, you may want to pick up some Spy Calls tomorrow.
BTC Upper wick formed on the daily. The past 2 months, once a long upper wick is presented, it showed us the top has been reached and a reversal is pending. I would expect a huge sell-off from there. Notice after both upper wicks, there was a 30% drop. It's very likely we may see the same results once again.
I'm not sure if we'll see an 84% drop like last year, but it's so obvious that we need down correction.
If you take a look at the chart, it's formed the same pattern. I believe a major fall is pending.