Gabrielle W

Follow me on Instagram @thechartwhisperers

March 27, 2020

 

Broad scale Market Updates

 

Welcome to my end of month Broad scale Market Updates. At the end of every month, I review BTC/USD, SPX, and two trending assets.

 

 

 

BTC/USD 

Trend: Counter trend Bullish

Support: 6468

Resistance: 7000

State of mind: Beware the bearish cross, giving a high probability of lower lows in the medium term. 

Trend would shift bullish if there is a daily close above 7000.

Trend would shift bearish if there is a daily close below 6468

SPX

Trend: Counter trend Bullish 

Support:2351

Resistance: 2750

State of mind: Beware the bearish cross, giving a high probability of lower lows in the medium term. 

Trend shifts bearish if there is a daily low below 2482

Trend would shift bullish if there is a daily close above 2750

AAL ( American Airlines)

Trend: Bearish

Support: 14.36 and 10.24

Resistance: 15.75

State of mind: Buy a close above 15.75 or a retest of the lows. 

Trend would shift bullish if there is a daily close above 18.49

USDWTI (USD/WTI Crude Oil)

Trend: Bearish and on critical support

Support: 19.99 and 17.54

Resistance: 24.36

State of mind: Wait for a break up or a break down, anticipate 17.54 if there is a break down

Trend would shift bullish if there is a daily close above 26.35

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