I think cpi prints lower than expectations and sends us higher. Not because inflation has peaked, but because the market will assume it has and goes full bull mode. Crypto giving me the same feeling. This is just a feeling and I'd love to be wrong and short the shit out of SPY to yearly lows.
CPI print next week. Personally I'm short but i am prepared for a gap up Monday. Curious what others think? I see possible head and shoulders, price climbing on lower volume and Bearish Flow dated 40+ days out. Lets chat.
Overlapped is a 1hr bar chart of the volume traded on bitcoin for the last 7 days, split up by exchange. We're seeing higher volume with the current pump. Will need to regain critical resistance as support to continue higher, otherwise we'll test 37k imo .