S&P 500, Nasdaq, Dow Jones, Bitcoin - Resistance Before Earnings
The S&P 500, Nasdaq, Dow Jones Indexes, and Bitcoin cryptocurrency have all reached a Resistance Price Level Zone in April 2023.
USA Stock Market Season for Q1 2023 officially began on 04/14/2023.
If the majority of Stock Earnings are good, the price of all 4 assets could breakout above to test previous 2022 high prices (August & April 2022).
However, if the majority of Stock Earnings are bad, the price of all 4 assets could breakdown and fall back to July & October 2022 low prices.
Finally, on a positive note for perspective: the S&P 500, Nasdaq, Dow Jones Indexes and Bitcoin are all well above their pre-pandemic prices (January 2020, which was the previous all-time high for the stock market).
USA Stock Market Season for Q1 2023 officially began on 04/14/2023.
If the majority of Stock Earnings are good, the price of all 4 assets could breakout above to test previous 2022 high prices (August & April 2022).
However, if the majority of Stock Earnings are bad, the price of all 4 assets could breakdown and fall back to July & October 2022 low prices.
Finally, on a positive note for perspective: the S&P 500, Nasdaq, Dow Jones Indexes and Bitcoin are all well above their pre-pandemic prices (January 2020, which was the previous all-time high for the stock market).
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All posts are not financial advice.