As I pointed out last week, we turned our attention back to the S&P 500, using the validation of the next moves as a thermometer for $BTC . At the moment, it still maintains its main uptrend structure, trading near the highs even after a significant expansion. The index has accumulated +18.67% over 12 months and +71.07% over 60 months—figures that show the strength of the move over the longer horizon.
📍In the short term, however, we already see a loss of momentum and profit-taking after the recent highs. For now, the reading still looks like a correction within an overall positive broader structure, without confirmation of a reversal.
Technically, a deeper correction in the SPX—especially if it starts losing relevant structures and moving toward long-term reference levels such as the 200-day moving average—would signal a more consistent reduction in risk appetite.#OilRisesToHighestSinceJuly #USDestroysFiveIranianOilTankers #IranSaysItStruckTwoUSDestroyers #USStocksCloseLowerIntelRises9% #DowFallsOver600Points $XRP
$PEPE
📍In the short term, however, we already see a loss of momentum and profit-taking after the recent highs. For now, the reading still looks like a correction within an overall positive broader structure, without confirmation of a reversal.
Technically, a deeper correction in the SPX—especially if it starts losing relevant structures and moving toward long-term reference levels such as the 200-day moving average—would signal a more consistent reduction in risk appetite.#OilRisesToHighestSinceJuly #USDestroysFiveIranianOilTankers #IranSaysItStruckTwoUSDestroyers #USStocksCloseLowerIntelRises9% #DowFallsOver600Points $XRP
$PEPE
