i am not touching es/nq/ym until a more clear picture, cl/zn/zt are my go-to in the next few sessions, rty a maybe. on es reading, first line is 5665, obviously sep'24 high edit, if es takes to 10% correction territory this week, maybe, just maybe, folks will wait and see, take a pause to read, not panicking.
It looks pretty good for the time being, so I ain't too worried. But we really won't know until the Euro session kicks in. I have a good feeling we will kick much higher before the opening bell though.
BTC---> BUY BUY BUY! $82,253 Use 1/3 of the dry powder. Buy the rest at $68,925... and use margin to max it out as far as you can.
Why not wait until $68K and then use all the powder? I think Bitcoin is done, tbh. I mean Trump just put the full faith and credit of the USA behind building a Bitcoin reserve and it starts dumping in huge chunks? I'm not old enough to remember a similar top call in history but I'm sure if I had a few minutes with The Google I could find one. You really think BTC is a buy here? I'd buy it if they sold it as a physical currency. Like little 10 Troy ounce bars of Bitcoin.
This is not a rout - yet. If I recall correctly last summer we had a 10% or so drop in the ES, and then bounced back to new ATH. That said, we have more and more cards for testing that summer low or even have a 20% correction all the way to 5000. A 25% tariff would be bearish, but digestable. However, this on and off and then some more on, etc. (leaving aside all political implications) is devastating for markets, imho. Plus all the lawsuits coming up. Best trading to all, specially to the brave ones who post live trades Edit: in other news, another week, another margin increase by Interactive Brokers, 20,000 cool USD to trade 1 single ES. EUR and JPY futures almost double the margin from a couple of months ago. This, in my view, is bearish.
Mmm... I'm not sure if V (the good V, not the V-cheerleader ) is being serious or joking or meaning get short and exit at 68.