BITCOIN - DAILY
Bitcoin finding buyers at the 200 dma for the 2nd day
RSI (5) still has a positive divergence building
Sept 22nd was a higher high
If Bitcoin can find a bottom here we think $90K next
NATGAS - DAILY
Reversion to the mean.
Last three times UNG was 10% or move below its 50 dma
It had sharp rallies back there over the next few weeks
$UNG
OIL - Daily
On Nov. 3rd when OIL was at $96
We warned of the trend line break and gap fill to occur at $84.61
Target hit yesterday
Hope you all banked $s with us
@Ross__Hendricks When the public/investors are "piling into" anything , they are overwhelmingly wrong.
And if this is true then there is an even steeper leg to come for semis and the market overall
@DougKass It is ridiculous - Do you have a crystal ball that predicts when the worst days of the year will be ?
If this was a viable strategy it would be in use.
History proves that investors who try to time the market underperform those who don't.
@DougKass@RyanDetrick This is ridiculous
1. Those "hedge funds" getting blown out are leveraged and clearly aren't Hedged - so they are just junky alpha chasers
2. If you are trying to avoid the worst days in the market then you won't be invested in the market at all.
If this passes that will be the time to get ready to exit the market
The economy is propped up with Credit Card debt
A 10% cap and millions of people will no longer get credit
And millions more will have their limits reduced.
Spending will come to a halt
Game over
Elizabeth Warren on CBS this weekend, about capping credit card interest at 10%: "I got the bill. I'm ready to go."
Trump called for the exact same cap in January. It never happened.
Now Democrats control Congress, Warren is set to chair Senate Banking, and the president already said he wants it.
SPY - Lowry UP / Down Volume
We have a very similar setup to October 2025
We are looking for 80% or more Up Volume at the close
That would set us up for new highs in the coming weeks
NYSE Composite - Daily
Does this look like we are in or entering a Bear Market ?
When the NYSE loses the 200 DMA
And the 200 DMA is flattening out
And Price starts getting rejected at the 200 DMA
Then we got a problem
Remember:
Election is over
War with Iran is effectively over
Yields have topped
Sentiment is reset
Next FOMC rate decision is December 9th
The runway is clear for the SPX to rally for the next 20 trading days