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Issue 30 – Look Beyond Cryptos

Financial markets don’t operate in a silo. They’re all related in some way, especially risk assets like stocks and cryptos.

Like it or not, US stocks are still the number one risk asset. So, while stocks and crypto aren’t correlated most of the time, they are when the S&P 500 decides to correct.

As such, I must consider where the S&P 500 is when I’m evaluating when to allocate more capital to cryptos.

That’s what today’s issue is all about. We’ll look at where the S&P 500 is trading and what it means if you’re trying to decide where to buy more cryptos on this pullback.

Let’s go!

The S&P 500 and Cryptos

I’ve discussed the concept of risk-on and risk-off before. But a refresher may be in order.

On Friday, the S&P 500 tested a key resistance area near 4,350. That’s the top of a massive rising wedge that extends from March of last year.

It outlines the price action since the “COVID collapse”, so it’s a big deal, in my opinion.

This is a members-only issue. Join today to get access to the full post, charts, and watch the video.

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Justin T Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight. is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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