Futures markets are currently in a clear "Risk-Off Mood":
- S&P 500 Futures ↓ 0.65%
- Nasdaq 100 Futures ↓ 0.85%
- Fear & Greed Index at only 40 → "Fear" zone
The main reason?
The latest Fed minutes showed members' concerns about cutting rates too quickly, with inflation remaining stubborn + very high valuations in technology.
Investors prefer to stay away from risk now, and liquidity is flowing towards bonds and the dollar.
- Watch for nearby support levels on Bitcoin and Ethereum
- Beware of high-leverage Longs at the moment
- Good buying opportunities may arise if the market drops further with strong trading volume
