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Another Thursday in the markets another sell off right after FOMC, but I wouldn’t be too scared because we already knew this will happen, with the SPX making new lower lows and lower highs until the market finds another break of structure, so stocks were a no touch for me and they still are.
On crypto ETH reached 2,400 one of my LTF targets from which we saw a correction back to around 2,100 the level we initially broke out from, bitcoin is slightly weaker than ETH i feel like, and as long as we are under 70,500–70,800 sellers are in control and we can revisit lower levels, especially given the post FOMC timeline i gaved.
If it turns out that this move under 70,500–70,800 is a fakeout, then we will resume higher into the 84k–88k range.