broke down from a 12-month topping pattern last week, dropping below 200 for the first time since the start of 2021. The decline is shocking because January marks the most positive seasonality of the year for the small cap universe. This bearish divergence is sending shock waves through other market capitalization tiers, warning participants that broader averages could head into even deeper corrections.
reports Q4 2021 earnings after Wednesday’s closing bell, with analysts expecting a profit of $2.36 per share on $16.65 billion in revenue. The stock has been on a seesaw ride since the Q3 report in October, rallying and reversing above 1,200 three times. The broad pattern isn’t encouraging for long-term bulls, with a potential triple top or channeled correction that could reach 800 before attracting sustained buying interest.
bitcoin is dipping deeper into the old resistance area in an effort to flip it into a new support area Weekly retest attempt still in progress _crypttoqueen is a super underrated bitcoiner I’ve been taking her tweets and tips seriously & I’ve been doing superb. Follow her.
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