Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF
Apple, Advanced Micro Devices Inc, Amazon Com Inc, Tesla, Inc, Netflix, Inc, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
The weakness of the DAX versus the SPX has to be watched closely.
Right now, the SPX500 is overbought on a shorter term chart, right at trendline resistance.
The SPX500 has been riding this trendline for a long time. When it breaks and works off the oversold condition by a failure to recapture it, will start a big bear market.
If Bitcoin breaks 30000, the next support is around the 20000.
Many stocks and futures, stopped right at resistance zones. Now Bitcoin eyeing support zones.
The weakness in the DAX makes the bull flag in SPX less likely to work.
If the 28000-31000 "zone" doesn't hold, Bitcoin could go to the huge support at 20,000
If bonds break down, it changes the dynamics of the positive equity rally.
In this video, I try to explain how I bought a slightly out of the money put in RIDE for 3 cents, and then called my broker to manually exercise it, when bad news hit after the close.
DAX and NQ reached the support levels predicted. But with the unemployment report tomorrow, a strong report could knock these to the lower support levels.
Over 38,000 and Bitcoin can get to at least 40,000. but longer term it still looks like just an oversold rally.
If TLT breaks down, then the odds of NQ breaking down go way up.
The DAX is sitting on some support. The BIG deal is if it breaks the lower line. No support under that level.
UPS looked like a daily bull flag but has failed to break up for days. Under 214.50, and this could fill the 205. gap.
As mentioned on the free video this weekend, the NQ is slave to the action of the long-term bonds. Right now, bonds trying to break down.
I am still using the /ZB as one of my tells for future market direction. Also, the key this week is if markets can plow through support zones.
Many stocks have this overbought at resistance structure. DIS is one of them.
The NQ has little support underneath its pre-market levels. In holiday trading, there can be a lot of fakeouts, so my trading timeframe is really small.