Over the last day, the stock market has taken a decent move up, with the Dow Jones poking above the .618 Fibonacci Retracement, the 200-day moving average, and the diagonal downward trend. All in one day. With this big retrace level now being reached, the big question comes in for the bulls and the bears on whether this is a bear market retrace or the start of a new bull market. And, for those in the cryptocurrency market, why hasn’t crypto popped up yet? The stock market has already retraced 61.8% of the move, why hasn’t the altcoin market and the Bitcoin price reflected that? Join me as we point to past performance of the stock market and Bitcoin, and how historically, crypto does catch a break. But, the big question remains out there on whether the stock market is breaking into new highs, or just retracing, and I play with some Elliott Waves to make a guess.

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