Mid Week Market Report
Breakdown
Crypto
The Bitcoin breakout has held well for a few days. I am looking for this to move even higher, but I think the market needs to cool off a bit first. Either a pullback or base will be watched for an add to my position.
Stocks
The overall market continues to sell and we are slightly below support. However this $420 number on the SPY 0.00%↑ is so heavily watched that I don’t think it will be that easy to just short the breakdown of it. I expect more chop to come.
Watchlist
Adding anything that is holding support levels in this market but for my to get interested in any of these the market needs to hold on. All of the below are AVWAP pullback plays. For those plays, we need to see the move off of that level before acting.
Watchlist: Here