A couple of interesting dynamics in the market over the latter half of the week:
- Minimal reaction to economic data suggests that traders are weighing the pull between deflation and tariffs, which are undoubtedly putting the fed in a bind. Can they raise rates at a time of uncertainty when it comes to tariff-induced inflation. Recent data suggests deflation and...
I’m struggling to stay bearish on US stocks-bearish in the short-term as the sentiment is now mainstream. The negative news dominating the headlines could create a lot of potential for a surprise upside move in the near term.
Yesterday’s steady SPX rally, despite no news, was impressive. We could easily rally another 2-4% in the short term. The sharp downside...
Prices are now consolidating after the end of June market-wide crypto pump. The question asked here is whether or not ETH will perform relative to the rest of the crypto market.
Here we have two charts. On the left is the TOTAL3/BTCUSD. TOTAL3 is the total crypto market cap minus BTC and ETH, representing the alt coin market. On the right is ETH/BTC.
On the alt...
Each time BTC has put in a major top, it has retraced back to the 786 fib of the macro low to high. From there, BTC has tested the 0.5 and when closed above, has seen some pretty large rallies.
This is the third time BTC has retraced to the 786 fib and reacted off it. Out of three instances, one test of the 0.5 and subsequent closure above led to a fake out and...
