OVERALL BIAS: MIXED 1 Overall Market Bias A genuinely two-sided tape. US equities opened firmly higher — the Dow was up +403 pts (+0.78%), the Nasdaq +0.63% and the S&P 500 +0.45% — and UK 10-year gilt yields are on track for their biggest one-day drop since May, a supportive signal for global duration and risk appetite. Working against that, crypto is clearly on the back foot after a fresh exchange hack and a brutal Coinbase downgrade, geopolitical risk around Iran and the Strait of Hormuz is reflaring, and macro prints (weak Canadian PMI, net sell-side opening imbalances) lean cautious a day ahead of the US midterms. Equities strength plus falling yields offset by crypto weakness and elevated geopolitical/macro risk nets out to MIXED.
Based on previous historicals, the current structural of weekly $SPY charts where SMI is doing a double GC & SRSI is GC, expect over +13% to +20% over 5 months. $791 then $877 bullish 🎯
however, if $SPY only goes up around 2% or less, expect a drop of 10 to 20% within 1 month.
Wow @SECGov investigate these guys for posting this right near the local top. Trying to fud $MSFT with this post EXACTLY as the market was saved and ripping.
$SPY going to push to 1.618 or higher around $769 soon. Retracement to $696 right after in the 1st quarter of 2027 if the very next move is up to that target . Check #crypto / #bitcoin too
Another day another rotation into $MSFT , $NFLX , $HOOD , $FISV
There’s even love for $DJT Maybe there will be some more interest in SPCX as it looks like it’s consolidating heavily and finding support around $155 to $160 levels.
#fedwarsh had aura today. No forward guidance and task force for everything but he seems to want to use private company techniques and data instead of stale government data. Seems dovish.
#BTC found support on the Mcginley and some flattening out and golden crosses on the 2D chart. $SPY rapidly approaching $820 target and seems like #crypto will catch up and make a run soon.