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Market Update - November 1 2022

November 01, 2022

SPY daily continuation as of now, BTC still up on the 4 Hour, looking for a 4H LH

SPY daily momentum continues as long as the hourly is up, we need the QQQs to break Friday's high and weekly resistance, if we see a loss of the hourly under that level its a red flag for the market because we wanna see the QQQs leading the upside, as of now XLF looks more bullish on the daily.
I am also watching a channel on SPY, see the attached chart, if it tightens up inside it might become a rising wedge.

BTC made a new high on the 4 hour but came down enough to look for a 4H LH, if that happens we might get into an hourly EQ.

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