THE MOMENT OF TRUTH!
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THE MOMENT OF TRUTH!
#dollar #vix #spy #nasdaq #snp #snp500 #fed #ratehike #stocks #marketcrash #crypto #cryptocurrency #altcoins #jpow #powell #fomc
Traders,
I posted a video on Friday showing that the moment of truth in the markets was now upon us. Today is the day the markets will reveal a lot to us regarding future direction. Here are three big charts I am looking at today:
The dollar touching a TL (purple) it has only touched twice since 2009. RSI way overbought. Huge resistance here!
VIX reaching upper resistance and in overbought territory on the RSI!
S&P500 reaching huge support! And oversold on the RSI. Will it double-bottom? We will soon find out.