Last week se saw a lot of sell activity in the market. I see there's a Support level around 4300, where it will hit a double bottom from the level it reached on the month of October las year.
All the sectors in the red, with the exception of Energy, which has been having a rally and it's still in an uptrend unless the indicators say otherwise. Gold is gaining some traction from its 1800 level where it has been consolidating for a while.
Bitcoin took a hit, but it is approaching the 30K support level, and if this holds we can expect another a possible reversal. Both markets, the stock market and the crypto market are approaching to important support levels that have to be tested to determine if a rally is ignited or if the downtrend will continue.
@A-shot, Yes, and it still has to hold it. The pattern it has at this time in the daily time frame is the "Heading back to normal", which happens when the trend tries to go back to its former support which now will behave as resistance. At this time the VIX closed above 30.