Market Analysis Update — Macroeconomics, China, Bitcoin, NFT

For the investors, I think you all know about that massive 17 months long triangle on the SP500 that I’ve been talking about, and I think it has just exited on the downside, meaning we would at best be seeing sideways action at worst seeing major dips. Now here are more warning signs from the markets that the cyclical recovery is in trouble: lumber prices have crashed, the copper price has likely broken down from a 6 months head and shoulders pattern, and the smaller stocks the Russell 2000 is hammering on its 6 months support line with a decent chance…

Source: https://medium.com/darkbyte-newfinance/market-analysis-update-macroeconomics-china-bitcoin-nft-2963229c464d?source=rss——-8—————–cryptocurrency