Last week I was bearish on both equities and BTC. I got BTC right, equities had a green week back up to last weeks highs.

This week, I'm still remaining bearish on both, but this is a mid term outlook. The weeks themselves could be green, but I think we are going to start seeing the transition into a correction on equities and especially BTC. I'm wrong if BTC breaks 50k and holds there. Altcoins do have the ability to go up while BTC falls or trends sideways. This is due to the TOTAL 3/BTC chart turning bullish on the weekly. This may take several weeks/months to truly materialize, but I do think alts can do well even if BTC is coming down.

The dollar is breaking downtrend and potentially crossing bullish on the daily, so this will need to be monitored over the week to see if it truly does or not. This can bring ES and NQ down if it starts trending up again.

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