Happy New Year! All the very best for 2023! What is happening with the markets in the days weeks and months ahead. Back at the end of October the Dow and S&P looked like we were indeed heading higher and it turns out those were spot on, Bitcoin and Ethereum however did not follow and it looks like more pain is ahead. Every talking head is mentioning recession let’s just take a closer look, as said show me the charts and I will tell you the news… looking like it can be applicable here. Next to each asset we will add a a trading direction in bold and italics.
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Dow 30 - Short
S&P 500 - Short
Bitcoin - Sideways to lower
Ethereum - Sideways to lower
Netflix - Short
Fortuna is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.