It just missed our start of the box but no worries. i am a bear and i think it's the perfect time for a bear market rally provided spx holds it levels. Although before rallying i first would like to see btc hold 20k when spx take out the lows of 2021. the first target for rally would be 28k then 33k if that holds we can talk about 35k and 40k. This would be a perfect bear market rally as people will think the bulls are back but in real this will be crushing so many retailers. I think after hitting these there's a possibility of going down bad depending on the economical situation. my targets would be 15k-11k-9k. a big accumulation for 3-6 months is what i want to see to start a new cycle.
FED's rate hike will play a major role taking the liquidity out of the market making sure people believe everything is dead.
FED's rate hike will play a major role taking the liquidity out of the market making sure people believe everything is dead.