Technical Outlook: Indices, Bitcoin & Ethereum — Key Levels, Bull & Bear Scenarios, and My Current Market Approach

$SPY $QQQ $IWM $BTC $ETH $VIX

SPY (1D)

We saw a significant intraday wick and recovery today, and price ultimately reclaimed the 1.0 Fib level, which is constructive. It suggests buyers are still willing to step in, so for now, the market deserves the benefit of the doubt on the bullish side.

If tomorrow’s CPI comes in favorable and the daily RSI, which is currently sitting in no man’…