Breakout

٢٥ أكتوبر ٢٠٢٢

We broke through both medium term trendlines. Investors are speculating that the fed will soon be slowing or pausing it's rate hikes. This will most likely result in temporary optimism and a short term bull rally. This is not the real rally though, don't be misguided. We are heading into a global recession next year. That'll probably cause a quick but drastic drop in risk on assets. But when the fed begins to drop interest rates in response, that is likely when the real bull market will begin. I think from here we could see a retest of 24-25k. Watch the news 🧐