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Market Update - February 15 2023

February 15, 2023

SPY Weekly Up, Daily and hourly Down - BTC Weekly up, daily down no follow through

SPY looks health, it has the 2nd weekly inside bar, with means we have an EQ on the lower timeframes, we can clearly see the daily and hourly in a range.
if we break the EQ bear we still have enough space for a weekly HL, and we can still make support above the moving averages.

BTC looks very bullish, its up on the weekly and has a lot of space for a weekly LH, the daily was consolidating but doesn't look like it has much follow through at this point, so we weekly Bull flag is on the table and very likely at this point.
If we fail the high and brake 21,300 its a red flag, but a weekly HL is still the most likely scenario at this point.

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