SPX at 7,628 is the real story. Down 0.46% while vol stays suppressed. That’s a warning sign.
The crypto market is just drinking. 42% green, $2.8B volume. Boring. Most names are flatline. PEPE spiked 13% but that’s air pocket, not signal. Don't get it twisted.
My read: equity weakness is the leading indicator here. If SPX breaks that 7,600 floor, crypto follows. It always does. Gold is quiet, oil is quiet. It’s all a wait-and-see game.
I’m sitting on cash. No need to pick up falling knives in $FIL or $ETC when the broader market is flinchy. Let the index tell me where to go. Saves me the headache.
#Macro #SPX #BinanceSquare
The crypto market is just drinking. 42% green, $2.8B volume. Boring. Most names are flatline. PEPE spiked 13% but that’s air pocket, not signal. Don't get it twisted.
My read: equity weakness is the leading indicator here. If SPX breaks that 7,600 floor, crypto follows. It always does. Gold is quiet, oil is quiet. It’s all a wait-and-see game.
I’m sitting on cash. No need to pick up falling knives in $FIL or $ETC when the broader market is flinchy. Let the index tell me where to go. Saves me the headache.
#Macro #SPX #BinanceSquare