Lions... A CRITICAL LEVEL. POTENTIAL FOR LARGER LOSSES.
From Greg M
Lions…
Stocks are dropping, and with that here is a short breakdown on what to look for.
The S&P500 is testing its 200-day moving average, which is a critical level for determining the long-term trend. A move below this average could suggest a long term bearish trend AND POTENTIALLY LARGE LOSSES.
A break below 5,500 would suggest even steeper losses.
GM
I wonder if they’ll use this big sell off as an excuse to cut interest rates at the fed meeting next week
The dollars fucked, stocks are fucked. I like crypto but unfortunately it’s still correlated with the Nasdaq. Seems like gold and silver will be the only assets left standing.