#SPY ; #QQQ - They are holding the market together with all their might, not allowing it to stray far from the 50EMA.

Everything looks great, without sharp changes, quite predictable. This is another positive factor.

🔽If SPY closes today with a red candle, it will be the 5th consecutive week of sellers, after which we should see a rebound.

🔼If it closes green, then that already provides some ground for a continuation of the rebound next week.

On the 1-day time frame, SPY is being pulled towards EMA200 and really wants to sketch out a moving average catch. This is another plus for the rebound.

🔴I remind you once again why it is important to analyze the stock market:

A rebound in the stock market will lead to a rebound in the crypto market. If American stocks are not doing well, there is no point in hoping that people will start dumping them and converting dollars into Bitcoin with Ripple.