IMPORTANT :

A very interesting moment for SPX (S&P 50 - 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.

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2:54 PM·Apr 22, 2024 ·Translate