Brett Dunning

[Brett Dunning @BrettDunning27]

@Roydaoud_ @fxevolution Hey Roy, why don't you take a chill pill and cool your jets.. Tom is definitely not a perma bear.. He gives both angles. This is just news that he's relaying. No need to take it personally..

[Brett Dunning @BrettDunning27]

@Roman_Trading Since most listen to your trading advice, I'd recommend just posting about that and keeping the long-term DCA thoughts silent. May help to avoid any confusion

[Brett Dunning @BrettDunning27]

@Roman_Trading What's bullish about the economic conditions looking fwd to the next 12-18 months? Although the market has somehow irrationally priced in a soft landing, that's highly unlikely to happen and it's almost a guarantee that we're going to have a recession this year or next.

[Brett Dunning @BrettDunning27]

@Roman_Trading Next move will be determined by tomorrow's CPI read. Big swing either way

[Brett Dunning @BrettDunning27]

@Trader_Jibon Yes, meaning it's already priced into the markets. It all depends on what the Fed's messaging is. Market is expecting a dovish Fed and that may or may not happen. A hawkish Fed sends this spiraling down..

[Brett Dunning @BrettDunning27]

@Roman_Trading I appreciate your analysis and it's clear you know your stuff. Here's some advice though.. Provide your thoughts and analysis and leave it at that. Every other post I see has this immature banter with your critics. Just ignore it and do your thing. Rise above it.

[Brett Dunning @BrettDunning27]

@Roman_Trading SPX tagged its 200 week MA on Friday which is major support. Doubt it'll just bust through without a fight or a catalyst. Probably looking at a bounce before a break through.

[Brett Dunning @BrettDunning27]

@Roman_Trading Why wouldn't it find support at 17.5K? That's where it landed in June. SPY is sitting right above June lows which should act as major support, at least for a bit..

[Brett Dunning @BrettDunning27]

@Roman_Trading 17.5k first though right?

[Brett Dunning @BrettDunning27]

@Roman_Trading You did a good job of pointing out the details. Well done and much appreciated!

[Brett Dunning @BrettDunning27]

@Roman_Trading Nothing wrong with being bullish for a day or 2 and bearish longer term. You make your moves when good opportunity hits and you play the volatility up and down.

[Brett Dunning @BrettDunning27]

@Roman_Trading I appreciate your analysis. One of the only guys that seems like he knows what he's talking about

[Brett Dunning @BrettDunning27]

@Roman_Trading Prepare for the drop following the CPI print next Wed. It'll come in hot, and above expectations and the market will sell off after

[Brett Dunning @BrettDunning27]

@Trader_Jibon This is where understanding the macro is necessary. CPI and PPE data for June releases this week, after that starts earnings season. None of this is likely to bring positive news.. Next leg down probably within the next few weeks

[Brett Dunning @BrettDunning27]

@Trader_Jibon Relying on Technical analysis is fine, but you cannot ignore the macro. BTC is in uncharted territory right now.. We've never seen how crypto will do during a prolonged recession

[Brett Dunning @BrettDunning27]

@AurelienOhayon With what liquidity? This guy has zero understanding of how macroeconomics affects markets and crypto.. There is no chart that shows you how crypto does in a Fed induced high interest, QT environment. This is uncharted territory and BTC isn't going anywhere until the Fed pivots

[Brett Dunning @BrettDunning27]

@ncscientist @tapairportugal @_azoresairlines @UnitedAirlines_ Were you able to get in using your CDC card? Any issues? I'm heading there next week. TIA

[Brett Dunning @BrettDunning27]

@Trader_Jibon When you focus solely on charts and ignore global macroeconomics you generally come to an incorrect conclusion. BTC has never ran during a time of extensive Fed tightening. We're in unprecedented territory from that standpoint

[Brett Dunning @BrettDunning27]

@CryptoSavy1 Here's the correct theory. BTC isn't going anywhere until the Fed pivots. It may jump a little here and there, but until the Fed lowers rates and resumes QE, BTC will continue to go sideways and/or drop

[Brett Dunning @BrettDunning27]

@convexical Next up, 200 week MA.. BTC isn't going anywhere until the Fed pivots. Still months of interest rate hikes and QT inbound. People forget that every BTC run has come on the heels of a soft Fed monetary policy. That's not happening this time, not for a while at least