Year 2026.
I started charting in 1999.
Charting and technical analysis exists since 1900s
Some very confident rookies still call it squiggly lines.
I laugh and move on. #NICKEL
S&P 500 CORRECTION NEARING END
Michael Wilson of Morgan Stanley says the S&P 500 is likely closer to the end than the start of its rolling correction.
He remains constructive over the next 6–12 months, expecting earnings growth and market breadth to improve. However, moves in oil and the U.S. dollar will determine how long volatility lasts.
Morgan Stanley says near-term weakness could create buying opportunities, especially in Financials, Industrials, Consumer Discretionary and small caps, though risks remain if oil stays above $100 or the Federal Reserve delays rate cuts.
Jane Street, which was recently accused of insider trading during the LUNA / Terra crash and dumping Bitcoin at 10 am, is still actively trading.
In the past 2 hours, wallets linked to #JaneStreet deposited 270 $BTC ($19M) to https://t.co/7RU11liLiG and LMAX Digital.
https://t.co/zplBu0spOB
https://t.co/LyPQvaoeTN
SUPREME COURT STRIKES DOWN TRUMP’S GLOBAL TARIFFS
The Supreme Court ruled Friday that President Trump’s global tariffs are illegal, rejecting his use of emergency powers to impose trade duties.
• The tariffs, covering imports from Canada, China, Mexico, and nearly all countries, were projected to raise $1.5 trillion over a decade.
• Trump justified them as a response to fentanyl and trade deficits, declaring national emergencies.
• Lawsuits argued the tariffs were unauthorized taxes on Americans, and lower courts largely agreed.
• The decision ends a signature White House trade policy, which had remained in place during litigation.
$COIN (per request)
Just consolidating at support right now.
Tough to predict the next move but there is a potential bullish triangle forming here so this would be the bull scenario. Reassess if it loses that lower trend line.