IncomeSharks

$ETH - Reclaiming the failed diagonal. OBV still held support. If that was a bear trap it was an awfully good one. Crypto is incredible at looking like death but never dying so I'm glad to still be holding some. But once again too early to celebrate and we've seen how this plays out. Will consider adding some crypto exposure today if some charts offer some really tight risk to reward opportunities.

$SPY - This would be worst case scenario and is not likely but it's always a possibility and it's important to have plans for situations like this. I don't know how prepared a lot would be for a 20% drawdown like we got last time so it's always a good thought process as to how you would plan for this or what it would look like.

It is a little concerning seeing the same 4 red day candle sell off after we hit a double top resistance area. Different conditions and situations though. I think we have a lot of undervalued stocks too so the downside seems less likely but we do have a lot of overvalue in the market right now that's concentrated in the top.

We saw this play out with crypto where a lot were caught off sides and off guard not preparing or having a plan for such a large drawdown. Stocks are better positioned to not be as affected by this but still is a possibility.