Up a day, down a day, and a handful of stocks doing the lifting. SPX’s 7660 is holding for the moment, Bitcoin needs 85,000, and I’m waiting to see the logging truck.
...SPX is flipping off the 7780 zone again, Uncle Russ keeps up the lazy decline, and my fast bear move is back on the table. Here’s why I’d welcome it with October around the corner.
...Markets tanked, Iran talked peace, markets pumped, and my head came clean off. VIX played peekaboo with 16, Gold barely clung on, and Bitcoin, of all things, turned out to be the voice of sanity. Here’s how my SPX and RUT bear swings are locked, and what BTC needs for the next add-in.
...We banged the bear drum for THE week, and right on cue the market turned on a dime. SPX’s bull setup looks set to void on a 40 point gap, RUT has flip flopped back to the bear, Bitcoin is almost behaving, and everything on the bear side of the Premium Poppers came home to papa.
...The rally was born on the back of 3 or 4 stocks, and they’ve stopped pumping. SPX and RUT are back in bearish alignment, BTC is stalling, and gold is finally interesting, with a move above 4440 set to trip the setup.
...The market went meteoric, and it took less than a handful of tech stocks to do it. The Dow and the Russell were nowhere near the party. Inside: the fresh low scored setup taken into the close, why a bear failure here points to a strong bull continuation, the upper band that has quietly moved into RUT’s reach, and Bitcoin stalling at breakout target 1 with target 2 already in view.
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