LongShortSignal Feed

Show all Views Quick Views Signals Returns Data Charts
From:
To:

NEW QUICK VIEW (@ 2021-03-24 16:31:15)
The S&P closed down, rates are down, spreads a bit wider, VIX up. With some imagination you could call this price action risk off, but I think that's a little too generous for these very blah market conditions. In crypto, the key thing you need to be aware of is that on Friday (26th March) approximately $6 billion in Bitcoin options expire, which is the largest amount ever. Institutions have well and truly gotten in on this game (they are the ones sitting on the prices as I remarked yesterday) and their maximum profit point is around $44,000. They are going to do, and in the last few days have done, everything in their power to keep Bitcoin prices down. That game is up on Friday. Buying more here. Support is either $50 or $47.5k. -LSS Investment Team