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Market Update - August 15 2022

August 15, 2022

SPY ripping higher RSI is over 70

SPY went from oversold to overbought, so bullish entries at this levels doesn't have good risk to reward, unless you day trade, or you like to see your money evaporate.

BTC Creating another MP pattern at the daily tops, so the bears are still around, we need to see a clear break of the highs to have confidence in bulls, but the bears are also not showing us anything as long we make daily higher highs.

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