31% of all S&P500 stocks (159) finished the session forming a bearish engulfing daily bar. The last time we had a reading higher was on 12/28/22 coincidentally near an intermediate-term bottom for the market, but of course that environment and setup was very different. Stage is set nicely for a fun Friday Jobs Report
- 0 replies
- 0 recasts
- 0 reactions
Quite the strong Wall Street session for King Bitcoin as stocks and indices puke ahead of Fridays job report. $IBIT $FBTC #bitcoin
- 0 replies
- 0 recasts
- 0 reactions
Bitcoin volume & volatility contracting in a nice orderly fashion in this tight overlapping sideways range. The jury is still out on whether this needs another trip back down to the low 60s for a retest before it's ready to leg higher, but it's hard not to like the consolidation so far (disclosure: long)
- 0 replies
- 0 recasts
- 0 reactions