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S&P broke 1641/43 resistance but could not reach the next target of 1649/51. If we reach this far today watch for a high for the day & exit longs & try shorts with stops above 1657.
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We are overbought short term now so a drift lower over the next day or two is possible. Failure to regain 1641 keeps the market under pressure for 1630/29. This may hold the downside today but a break lower should see 1623, possibly 1617/16 where we look for a low for the day.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.