Look out for the following dates:
March 14 - Feb 2023 CPI Print
March 22 - FOMC Meeting

S&P 500 / $SPY

Two very important trendlines to take note of:
- Trendline "A" has been acting as resistance since All Time High and recently got flipped to support
  - This is generally bullish except support is still down-trending
- Trendline "B" is our new uptrending support line from the Nov/Dec 2022 pivot
  - If price action loses support here, we can expect continued downward movement following Trendline "A"
  - A breakout between Trendlines "B" and "C" would be bullish - but unlikely if inflation doesn't cool and the Fed continues to aggressively tighten
The CPI print next week will be very telling of which way the market is headed
- Whether we follow an uptrend between Trendlines "B" and "C"
- Or we continue the slow bleed down along Trendline "A"
If CPI numbers are as bad as they were last month, we can expect a very hawkish Fed at the March 22 FOMC meeting
- And then we should expect price to follow Trendline "A"

Bitcoin / $BTC

Price appears to be hanging on the uptrending support line
- Given the RSI at ~44, there's enough room for downside where price finds support in the shaded box around ~$21,400
- Otherwise, price should bounce up from here
For a true bullish reversal, we need to see price break resistance at $25,200
- There have been four failures to break at this level since August of last year
- So a breakout here would be bullish
- But another rejection at resistance would be bearish and the likelihood of a true bear market rally would be improbable
I suspect CPI and FOMC will impact price in the coming weeks, similar to $SPY

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Money Monday: Crude Oil, S&P, Bitcoin, The Fed