About Friday's Trading:
$NQ : Stopped out for 20 pts before straightening to my TP (again)
$ES : Being nice with me and giving me clear TP 1 & 2 just before the close.
Weekends are for things that make us happy.
Yesterday had a good one 30s opening range short for 15points in a few minutes.
Would have been nice to hold for lower but was AFK so booked the profits and run away!
This is unprecedented:
Core CPI inflation is back above +3% and PPI inflation is at its hottest since March 2022.
Meanwhile, President Trump is calling for a 300 BASIS POINT rate cut and is set to replace Fed Chair Powell.
Are you ready for what's next?
(a thread)
tariffs blocked, FTX creditors reimbursed $5B in stablecoins tomorrow, new ATHs on Bitcoin, funding is neutral, global liquidity moving higher, stocks approaching ATHs, CT still calling tops and traumatized by green candles on ETH
perhaps the uptrend keeps uptrending.
Current situation:
1. Stocks are rising like the trade war is over
2. Gold is rising like the trade war is escalating
3. Yields are rising like the US has avoided a recession
4. Oil prices are falling like the US is entering a recession
5. The US Dollar Index is falling like inflation is gone
6. Bitcoin is rising like inflation is back on the rise
Never a dull moment in this market.
> BTC breaks ATH
> BTC holds prev ATH
> Alts pull back
> BTC chops for 5-10 days
> Alts 10x
> BTC runs chop range lows
> Alts dip hard
> BTC boings to fresh ATHs
> Alts go crazy
> Tell your mom you love her
> Then we all die
According to JP Morgan, retail traders aggressively bought the dip this morning, purchasing $4.1 billion worth of U.S. stocks by 12:30 PM — marking the largest intraday retail inflow on record.
BTC update / Tue 13th May 2025:
We confirmed 4H bearish divergence but for now 101k is reacting decently.
📉104.200$ is the level I am looking for today.
📈Or 99.300$ on the downside.
We also have US inflation rate in 6hours from now so we're prepared to deal with chop.