Justin Bennett

Full-time SMC trader.
FREE strategy 👇
Markets $1k deposit bonus 👇

[Justin Bennett @JustinBennettFX]

@DhekerMH Most are bullshit until they're not.

[Justin Bennett @JustinBennettFX]

S&P 500 ✍️

I’ve warned about this for weeks. I also loaded up on downside protection earlier this week, as I mentioned in Discord.

So far, it was the right move.

[Justin Bennett @JustinBennettFX]

The S&P 500 may be closer to a major top than most realize.

It’s been tracking this 2021-2022 fractal almost perfectly since early 2025.

Not a big fan of fractals, but this one is hard to ignore.

[Justin Bennett @JustinBennettFX]

Crazy moves from crypto this week.

That pretty much answers whether stocks rolling over would trigger a rotation of capital into crypto.

Now the question is...

Can $BTC close August convincingly above $67k, or is this just a mitigation of the May/June inefficiencies before another move lower in September?

[Justin Bennett @JustinBennettFX]

What a candle from $BTC 👀

This is where you have to be careful. It's also the exact $69-$70k move in August that I've discussed for months.

[Justin Bennett @JustinBennettFX]

Nice so far from $SOL 👌

Still targeting $84 and $90.

[Justin Bennett @JustinBennettFX]

$SOL could run hard here. 👀

It's been coiling for 5 weeks and is finally starting to break out today.

SOL is still trading inside this descending channel from February, with the top lining up near that $90 HTF imbalance.

Could be a nice +20% through mid-August.

[Justin Bennett @JustinBennettFX]

This isn't as bullish as it seems on the surface.

Who here knows why?

The devil is in the details.

[CrypNuevo 🔨 @CrypNuevo]

Bitcoin Mining cost:

Don't you find it interesting?

[Justin Bennett @JustinBennettFX]

What’s interesting this time is that mining costs have been trending lower for nearly a year while $BTC keeps testing and dipping below.

That's a very different setup from past interactions where costs were stable and trending higher before price ever interacted.

If BTC is chasing mining costs lower instead of mining costs acting as a floor, that’s not immediately bullish IMO.

[Justin Bennett @JustinBennettFX]

@OttoGfeller Yes. That doesn't mean it holds up, but it has for 18 months and is on track so far in August.

[Justin Bennett @JustinBennettFX]

Was that the top for the stock market?

A local top is likely. Something more? We'll see.

The $VIX and the underlying options market point to incoming volatility.

I've warned about this for over a week.

[Justin Bennett @JustinBennettFX]

I said last week to watch this $SPX level, or $SPY 773.

The market is now starting to lose it intraday. 👀

If it fails, things could turn ugly.

It would also suggest that the 2021-2022 fractal remains very relevant.

[Justin Bennett @JustinBennettFX]

@jasongoepfert There's that pesky Dec. 2021 analog again. Just won't go away.

[Justin Bennett @JustinBennettFX]

@KobeissiLetter Ahhh yes, because it's a "secret."

[Justin Bennett @JustinBennettFX]

@Mr_Derivatives Team C

[Justin Bennett @JustinBennettFX]

All part of the same analog I've shared for weeks.

[Justin Bennett @JustinBennettFX]

I said last week to watch this $SPX level, or $SPY 773.

The market is now starting to lose it intraday. 👀

If it fails, things could turn ugly.

It would also suggest that the 2021-2022 fractal remains very relevant.

[Justin Bennett @JustinBennettFX]

This is the $SPX level to watch. $SPY 773.

If it holds, the S&P remains constructive.

If it fails, the 2021-22 analog I've shared for weeks is alive and well.

Side note: The volume this week is atrocious and matching levels not seen since Feb. 2025. I'll let you scroll back and figure that one out.

[Justin Bennett @JustinBennettFX]

Well, at least we have this to look forward to next week...

[Ash Crypto @AshCrypto]

BREAKING: 🇺🇸 President Trump says he will be declaring the Strait of Hormuz a territory of the United States pretty soon.

[Justin Bennett @JustinBennettFX]

Looks good on the surface, but this is far from being a predictive stat.

The same thing happened around the 2000 top. Earnings kept growing even after stocks had already rolled over.

Not saying that's where we are now. Just saying earnings > prices isn't really a valid means of constructing a long-term view of anything IMO.