Bitcoin had its date with the 200W MA. Time for SPX to follow suit. So long as SPX gets rejected around 4200-4300 (.618 fib, 1.618 fib, 200DMA), SPX should be ready for a violent wave down to the 200W MA with a bit of potential overshoot down to the 1 fib at 3,200. Confirming the bearish bias, monthly candle for S&P is printing a pin bar candle rejected off the .618 fib with 4 days left to close. I'm ready for COVID-19, Omicron BA. 666.
Commentaire:
A weekly sell signal on Cipher will appear when pink VWAP crosses under 0. Currently at 10. I think SPX might drift around for a week or two before completing the last leg of a WXY correction. I had previously thought the stock market crash was done, and SPX was going to start another 5 waves higher, but this weekly close and upcoming monthly close makes me lean towards this rally off the June lows was just an ABC correction with an extended C wave
