S&P 500 is heading for its first ‘golden cross’ in more than 2 years. Here’s what comes next. trib.al/9QTXwu2

$SPX Still battling underside of former support trendline. Growing increasingly cautious. Some Go-Go stocks rolling over/looking toppy.

$SPX Some levels to watch during the pullback.

$BTCUSD Talked about the ugly reversal in my newsletter Thursday. Was looking for a breakout and another run higher. Lots of big volume days on weakness. Very well could mark end of latest uptrend since April. #BITO, #IBIT, $BITI

$SPX 21-day #CBOE Equity-Only Put/Call ratio in uptrend. Generally a pretty good sell signal. $QQQ

Once again the talking heads on #CNBC Halftime report (JB) tells us that a cut by the FOMC will lower mortgage rates. NO NO NO NO NO NO! Stop with this nonsense and wake the fuck up. It’s the 10-year Treasury, a market rate. $TNX

$SPX Trendline still holding but plenty of other concerns building. Momentum divergences, 5/13 EMA crossover close to turning bearish, 21D ROC close to negative or bearish territory. So far, highflyers have been eviscerated. A normal cleansing or somehting else. $QQQ

$QQQ Minor trend break, momentum divergences, minor 5/13 EMA crossover sell signal, couple days of distribution. Think more needed.

Weekly $NDX log chart w/AD line (log) and AD line of volume (log). Definite stall in breadth last few months. Bottom panels - Issues > 200D down to 56%, > 50D 44%. Last peak was late 2023 at 85% & 95%. I guess there are not enough #AI plays in the #NDX

MSNBC is fucking ridiculous.

Unhinged Leftists started a fight at the Charlie Kirk vigil in Boise: Here is footage of a fight at the Idaho Capitol after a man drove through the vigil on a scooter yelling "F*** Charlie Kirk" Other leftists with rainbows yell at vigil attendees…

$GOLD $GLD $SILVER $USDOLLAR $UUP Ugly reversal after gold futures climb over $4,000/oz. for the first time. Huge volume Wednesday, maybe final blowoff move. Greenback, again trying to turn. $ COT data has been very bullish for some time, has worked in the past. Lots of air on

#QQQ with largest 9 holdings. Order should be $NVDA, $AAPL, $MSFT, $GOOGL & $GOOG, $AVGO, $AMZN, $META, $TSLA, $NFLX. Most look pretty strong technically. $QQQ slope - start of blowoff into EOY? Or sell the news kind of week?

$AVGO Looking like false breakout from market leader from leading industry. Still early but breakouts from small bases after monster moves generally not good. $QQQ $SPX $SOXX $SMH

$BITCOIN Daily

$BITCOIN Weekly. Breaking trendline support and 50-week. Bearish momentum divergences, bearish money flow divergences. Heavy downside volume. $USD rounding bottom, greenback COT data still bullish.

This is called palming in the old days. Ridiculous that they allow this.

Updated weekly $BTCUSD chart posted on November 4. Playing out nicely. $USD #momentum #volume

Updated daily $BTCUSD chart right to lower megaphone support line. Look at all that distribution going back months - clear sign of impending trouble. Also, extreme volatile price action after a large advance also a bearish tell. $SPX $ETHUSD $SOLUSD

Daily $USD is probably not getting enough attention. Over $100 completes base with bearish $GLD and $SLV implications. Dollar COT data remains bullish, $EURO bearish. Greenback rally not friendly to $crypto $BTC $ETH but those have already spiraled lower.