IMPORTANT :
A very interesting moment for SPX (S&P 500) - an index being extremely important for all the markets.
➢ Currently we are having the montly fvg at approx. $5,000 being filled and so far there is a bullish reaction, starting the week with green.
➢ The question :
- Are we going to see a retest of the last ATH at $4,800 ?
- Or SPX is going to rebound from the monthly fvg having a new ATH ,most likely hitting the target at $5,500 ? (0.81 fib extension of the first upward swing)
➢ Depending on these two scenarios , we will have :
- Larger and longer correction for Bitcoin and the crypto market
- Or bulls back in control driving the market up after the 60K level was successfully defended.