A silly amount of overhead
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A silly amount of overhead
A very silly amount of resistance this morning on the S&P / Bitcoin here:
Qtrly pivot point
Daily S1
Anchored Vwaps
20/50 EMA's on daily
Trend Channel
As earnings season starts to come into play, these ranges can certainly have a meaningful impact. Like I've been saying, look at what Bitcoin is doing and you will be happy with your SPX position.
BTC:
Nevertheless, the higher time frame game plan is still on given that we held key risk levels on crypto and stocks on Monday. That is where I would place my stops on longs.