The stock exchange damaged an important support zone on Monday. Although markets are recovering today on Tuesday, Gareth Soloway, chief market planner of InTheMoneyStocks.com, claimed that if this level is not held, a break-down can take stocks completely down to pre-Covid highs, representing a 25% decrease from existing levels.
Talking With David Lin, support for Kitco News, Soloway added that maybe a year prior to a large rally occurs for Bitcoin as well as the previous highs are taken out.
Follow David Lin on Twitter: @davidlin_TV ()
Adhere To Gareth Soloway on Twitter: @GarethSoloway ()
0:00 – Monday's market sell-off
4:18 – 10-year yield
5:38 – Exactly how to trade currently
10:11 – Bitcoin
12:27 – Gold
16:27 – Stock market disadvantage
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