Possible dead cat bounce coming for the S&P

٣١ يناير ٢٠٢٢

As the markets got extremely oversold last week, it is possible to get a bounce and retest the 21 weekly MA.

The 56 weekly MA worked as support for now and we could have a good upward week ahead followed by

another leg to the downside. Also, BTC and crypto are mirroring the S&P for now as well.