The stock market is starting to reach a boiling point…

As we all know, stocks and crypto have a lot in common, including their respective cycles. Both tend to follow each other in the same long term macro direction, with crypto usually leading. So with crypto absolutely tanking over the past few weeks, I wouldn’t be surprised if stocks follow next.
Right now, the stock market is reaching a boiling point where price is starting to compress, which usually leads to an explosion either to the upside or to the downside. And if we take a look at the RSI, strength has been dropping off HEAVILY over the past few months while prices still reach new highs. Clearly a sign of bearish divergence forming under the hood.
Usually, when we see prices moving higher while RSI shows bearish strength, prices tend to follow in the coming weeks or months. The stock market could totally continue to reach new ATHs for however long, but it’s looking more and more like we will see stocks follow their regular cycle and follow the crypto markets into a bear market.
Keep a VERY close eye on this chart… 👀