Welcome back, traders and investors!
Lets analyse charts for Monday, April 21st, 2025, and the markets are off to a rocky start this week. Let’s dive into what’s happening and what you need to watch out for in QQQ, SPY, and Bitcoin.
📉 QQQ: Sliding into a Danger Zone?
The tech-heavy QQQ is flashing warning signals. We’re seeing a break down of flag or wedge pattern on the down side , and unless we catch a break in momentum, this could spiral further down.
- Key downside levels to watch: 410, 405, and possibly even the psychological zone around 400.
- Upside resistance? Watch the 465 level — a bounce here could change the game.
It’s a crucial week — will the market hold the line or break through these key zones or do a sideways chop/consolidation ? Eyes wide open here — short-term outlook looks shaky.
🧯 SPY: Support Cracked, and It’s Not Looking Pretty
Shifting focus to the broader market, SPY isn’t faring much better.
- The support story is broken — and the index is now trading lower.
- Much like QQQ, this index is teetering on critical levels.
Unless we see a sudden boost from economic data or some unexpected good news, further downside seems more likely than not.
📍 Next key level: Around 480–545, and if that goes, things could get ugly fast.
₿ Bitcoin: Box Breakout — Bulls Are Back?
Finally, a bit of good news for crypto traders.
Over the past few videos/blog posts, we talked about a potential box breakout on Bitcoin, and guess what — it finally happened! 🎉
BTC has broken out on the upper side of the range, confirming our bullish bias.
- Short-term targets: 90,000 → 92,000 zone is in play now.
- If the broader market holds up, we could see another leg higher in BTC.
To those of you who caught this trade: well done! Let’s keep trailing and protecting profits — the momentum is real.
đź’¬ Final Thoughts
The market isn’t looking too friendly for short-term bulls right now — especially in equities. But as always, volatility brings opportunity. Stay nimble, manage your risk, and keep an eye on those critical chart levels.
If you found this helpful, don’t forget to like, share, and subscribe to our YouTube channel. For deeper analysis, visit our blog — updated regularly with fresh market insights.
Happy trading and investing — see you in the next one! 💹
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