Banks running in trouble, the FEDS want to hike but not sure if they can and S&P500 is attemtping to enter back into the previous descending channel.
This support now is becoming thinner as a rebound is not happening. thus i see a danger for 3700 or even 3400-3200 which would be a massive blow for the markets.
We will be awaiting for the CPI inflation to be released tomorrow as well as the news on the banks. US can easily find solution for 1-2 banks (even top-20 ones) but if the crisis escalates we could be up for negative surprises. Check my posts today on that matter.
One Love,
The FXPROFESSOR
Ps. I like buying Bitcoin these days:
This support now is becoming thinner as a rebound is not happening. thus i see a danger for 3700 or even 3400-3200 which would be a massive blow for the markets.
We will be awaiting for the CPI inflation to be released tomorrow as well as the news on the banks. US can easily find solution for 1-2 banks (even top-20 ones) but if the crisis escalates we could be up for negative surprises. Check my posts today on that matter.
One Love,
The FXPROFESSOR
Ps. I like buying Bitcoin these days:
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