Today, market makers will decide who is going to drive the train for the next weeks and months.
Since Monday, May 19, the NASDAQ index has been posting lower highs and lower lows.
Yesterday it closed higher than the opening prices.
The line in the sand is at 21,040.
If we close today below this level, bears take the driver's seat.
It might take us to the 19,900 support level (meaning a 6% decline from the current levels).
From there, we would likely visit new lows again, which would be catastrophic for investors and the American economy in general.
Also, it would nuke crypto prices.
In that scenario, forget about "alt season".
Sell all your crypto assets and short the market.
Bitcoin and crypto follow NASDAQ, not the other way around.
In times like these, it’s not about predicting the future — it’s about preparing for it.
Today’s close will likely set the tone for Q2 and beyond.
Whether you’re long, short, or sidelined, understand the stakes: we’re at an inflection point.
Stay sharp, stay nimble.
Since Monday, May 19, the NASDAQ index has been posting lower highs and lower lows.
Yesterday it closed higher than the opening prices.
The line in the sand is at 21,040.
If we close today below this level, bears take the driver's seat.
It might take us to the 19,900 support level (meaning a 6% decline from the current levels).
From there, we would likely visit new lows again, which would be catastrophic for investors and the American economy in general.
Also, it would nuke crypto prices.
In that scenario, forget about "alt season".
Sell all your crypto assets and short the market.
Bitcoin and crypto follow NASDAQ, not the other way around.
In times like these, it’s not about predicting the future — it’s about preparing for it.
Today’s close will likely set the tone for Q2 and beyond.
Whether you’re long, short, or sidelined, understand the stakes: we’re at an inflection point.
Stay sharp, stay nimble.
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.
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.