Issue 71 – All Eyes on the S&P 500

September 14, 2021


The S&P 500 appears to have just closed below its April 2020 trend line. We’ve seen many bounces from this level, but never a daily close below it.

In today’s issue, I’ll walk you through what that could mean for cryptos, including how I’m positioning myself for the rest of September.

Today’s issue includes updates on the S&P 500, BTC, ETH, ADA, and SOL.

Let’s start!

Stocks Matter in Crypto When This happens…

I’ve mentioned before how stocks are still the number one risk asset.

That means when a major index like the S&P 500 starts to roll over, the world takes notice.

And, no, cryptos are not exempt.

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Justin 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. Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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