#Bitcoin has reached extreme oversold conditions, very similar to those seen in February. Price action relative to the Bollinger Bands and RSI mirrors those conditions closely. $BTC #Crypto
Key levels to recover posted in the Weekly Compass.
Just 3 days ago, the S&P 500 hit its highest level on record as AI stocks skyrocketed.
Today, the S&P 500 posted its largest drop since October 2025.
Meanwhile, the biggest news of the day was the 3rd strongest jobs report in 18 months.
This has left many investors confused.
$NVDA flow is starting to really heat up. They are trading this intraday, so they are buying and selling same day based on the short dated contracts π
$SPX: Bearish conviction in price action, the 5DMA has been breached and the price is overbought considering the RSI. Bearish continuation is likely, $AVGO is setting a stop to the Semiconductors train. $VIX bouncy.
The latest market update is out: Cracks Underneath.
"As I told Iran, 'Itβs time, one way or another, for you to make a Deal. Youβve been doing this for 47 years, and it cannot be allowed to go on any longer!'" - President Donald J. Trump πΊπΈ
$SPX: Slow moves keeping the price moving up steadily. Same as yesterday, $7,620 acted as a resistance zone. The close was better than yesterday, but the resistance remains the same; bulls want a breakout and bears want a definite rejection. Greed is at 57, breadth is still weak.
S&P 500 earnings are now expected to increase by 24% this year. We've never seen earnings growth this high outside of post-recessionary rebounds. An unprecedented boom fueled by massive EPS gains in big tech.
Video: https://t.co/BE95GpQv5f
BREAKING: President Trump responds after Iran ends all negotiations with the US, per CNBC.
"I really donβt care. I couldnβt care less," Trump says.
He also said he was "going to ask" Israeli Prime Minister Netanyahu "whatβs going on with Lebanon."
BREAKING: President Trump says the US Navy will continue its blockade of the Strait of Hormuz as Iran says it has ended negotiations with the US due to ceasefire violations.
President Trump told NBC News he had not been informed of Iran's decision ahead of time.
Key Events This Week:
1. May ISM Manufacturing PMI data - Monday
2. April JOLTS Job Openings data - Tuesday
3. May ISM Non-Manufacturing PMI data - Wednesday
4. Initial Jobless Claims data - Thursday
5. May Jobs Report - Friday
6. Total of 7 Fed Speaker Events This Week
This week is all about the labor market.
$QQQ: Indecisive daily price action, an overbought RSI divergence, and a gap sitting below at $722. With no major geopolitical news fueling the tape this weekend, a consolidation or a pullback is highly possible here. The volume shelf is a strong demand zone. $NDX
$SMH: Since semiconductors have driven most of the recent rally, printing a weekly indecisive candle with a gap below is a reason to be careful. The overbought RSI points to the same thing.
To fill the gap, SMH would have to fall -5%.
$QQQ $SPY