As you all may already know. The SPX index dominates the global market direction and goes back to the 1872. Cryptocurrency along with BITCOIN is also dominated by the SPX index.
Right now after inflation the SPX received a death cross which is why the markets are bleeding. GOOD NEWS is that the bleed maybe over for the short-term which is about 6 months to a year. I do anticipate the GOLDEN CROSS which is when the blue line SMA 50 crosses above the pink line SMA 200 and then the show will look bullish which is already the case.
With the interest rates still predicted I believe the anticipatory bull run will end with yet another death cross on the 1 Day chart.
Right now after inflation the SPX received a death cross which is why the markets are bleeding. GOOD NEWS is that the bleed maybe over for the short-term which is about 6 months to a year. I do anticipate the GOLDEN CROSS which is when the blue line SMA 50 crosses above the pink line SMA 200 and then the show will look bullish which is already the case.
With the interest rates still predicted I believe the anticipatory bull run will end with yet another death cross on the 1 Day chart.
Avange-Lina