SP500 Futures have been trading in a bearish mode since Jan 2022, and daily charts are all in declining price channels, which means all rallies are getting sold, and higher highs are not coming, but lower lows are coming.
SP500 Futures Trading Strategy is to buy on support levels and sell/exit long at resistance levels. Futures Trading has to be done with smaller position size because volatility is high, and 40-50 point up/down move is happening almost daily.
SP500 Resistance Levels are currently at 4000-4030.
SP500 Support Levels are currently at 3650-3700.
Investors must use these corrections in Bitcoin to keep buying, because Bitcoin will go and hit $100K USD target at some point in the coming 2-3 years, which will give 3X gain from current levels of $24K USD. Of course market conditions are volatile, and market sentiment is badly damaged for both Nasdaq and Crypto markets, so things will take a few months to stabilize. The US Fed can’t go on raising rates in these conditions, when demand is dropping sharply and yet prices are high, which I hope they will realize soon.
