While $SPX digests, $BPSPX just put in a clear bottom and is up +11.5% to 38.80. Breadth is stabilizing from the low-30s washout. TBD. https://t.co/vRsPPCv3jk
$SPX $SPY Possible H&S formation. Pre-market has broken/testing the rising trendline. Hold above the pink zone (~7,250) = bulls stay in control. A break below = potential gap fill to 7,000. TBD. https://t.co/WwKX2LwbE3
$BTC Follow up. The long-term descending channel formed off the 2021 & 2024 highs still sizing up to be a potential bottoming zone (shaded box). TBD.
$BTC Confirmed. 48/100 day support failed with a retest of the lower channel. Expect some consolidation. Watching for confirmation of support. TBD. https://t.co/PinuhgYlvm https://t.co/IgAnyH79oV
$SPX $SPY Rally continues with new all-time high at 7,563.62. Price remains well above the weekly EMA stack so the bullish structure is intact. That said, the volume profile could use some time to mature at these levels. Thinning volume on the push higher is worth watching. TBD.
$BTC Multi 200 day rejections with 48 and 100 day support. Retest of the lower channel looking more likely if support breaks down. TBD. https://t.co/5bVxP2MvI7 https://t.co/1gnuWzpoyO
$SPX $SPY Clean bounce off the first gap. https://t.co/TlVxH6liY5 https://t.co/5VhlJjlHW7
$SPX $SPY Weekly fair value gaps offering support back to the pre-correction high. https://t.co/uVp9ZCT4nV
$SPX $SPY Treasury drawdown pause followed by a late summer/early fall outflow. https://t.co/ybTGVIGB2G CASH BALANCE Treasury is assuming a $900 billion cash balance at the end of June. However, based on current projections for the upcoming refunding quarter, Treasury estimates that the size of the Treasury General Account (TGA) could peak at $1 trillion (plus or minus $50 billion) in late July. This figure is consistent with Treasury’s long-standing cash balance policy and is driven by the large outflows expected to occur at that time.