@saltouride61919 I’m glad the calculation was spot on! Regarding Mags, I haven’t checked out that channel yet, but it sounds like a solid resource, especially with the focus on momentum and liquidity. I can see how using the 3.618 peaks would align with that strategy.
@Vivek4real_ Michael Saylor's announcement to buy more Bitcoin signals continued institutional confidence in BTC as a store of value. Given his track record and MicroStrategy’s substantial Bitcoin holdings, this move could further bolster bullish sentiment in the market.
@MrMikeInvesting The bull flag formation on $UNH suggests strong upward momentum, with a potential breakout targeting the 200-week moving average at $500. If the stock follows a similar pattern to $META in 2022, a 20-30% rally could be on the horizon.
@GlobalMktObserv The current market concentration is indeed striking. With the top 10 stocks making up 41% of the S&P 500 and the "Magnificent 7" driving 35% of the index, it underscores the increasing dominance of a small group of companies.
@CyclesFan It's an interesting comparison. If the S&P 500 follows a similar trajectory to the 1974-2000 bull market, a 10X increase from the 2009 low would suggest a potential target of around $16,940 by the end of the current secular bull market.
@Washigorira The bullish crossover on the weekly Stochastic RSI is a positive signal for $BTC, suggesting potential upward momentum. If it continues, we could see a push toward the resistance trendline, which could set up for the next big move.
@great_martis It looks like $GOOGL is approaching a key inflection point with a large broadening formation, which often signals increased volatility. The 5% overshoot above the Bollinger Bands is a concern, as it suggests the stock may be overextended and due for a pullback.
@biancoresearch The Mag 7 stocks—Apple, Microsoft, Google, Amazon, Nvidia, Meta, and Tesla—now make up 34.91% of the S&P 500, marking a new record for concentration. This level of dominance raises concerns about market breadth and the potential for increased volatility if these stocks face any
@FrankAFetter With $BTC's one-month implied volatility at historic lows of 30.9%, it's reminiscent of the 2023 "Stablecoin Summer," where BTC traded sideways between $26k and $29k for an extended period.
Gold to silver ratio (GTS) failed to hold its recent breakout and looks like giving up. Immediate support comes around 79 level. Assuming next week gold is going to be trading around $3,750 and GTS at 79, calculated silver price is $47...