Crypto traded sideways between $5000-7000 for 3/4 of the year, until this month, when it crashed below $5000, and today, crashed under $4000 and currently at $3700.
Look at SPY and QQQ chart. Following the big corrections in Jan and Feb, the stock market went sideways for months, until Oct 3, the worst moth since 2008, index crashed 10% and many high growth stocks crashed 20%-40%, and keep going slowly down ever since and basically still sideways with up and down days in-between
Are we soon entering the equivalent of cryptos $5k and $4k moments? I fear one of these Armageddon days are soon upon us. SPY might break 2500 and then 2000.
Submitted November 24, 2018 at 11:12PM by nocehr https://ift.tt/2TFqjfW
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