This shows that using significant Bitcoin down days as a leading indicator for declines in the S&P 500 is not reliable enough to be useful as a trading tool. However, the lack of a Bitcoin selloff has usually been a reliable indicator of a continuing bull trend. Relevant: right now, many are calling for a top in the S&P 500, but Bitcoin is not suggesting a...
DXY has failed in its head and shoulders breakout, and thus, it is trending towards a retest of the fib trend line just below 88 and also near the 2018 lows before another possible bounce.
Throughout the rally since April, Treasury Bill multi-day increases like the one we are seeing now have typically predicted corrections in the S&P 500 by 1 week to 2 days. Strategy: short ES (when other signals such as VIX confirm) and long 10-year Treasury futures.
This is more a set of trade ideas that will unfold as they play out rather than one specific idea. We are kind of in a decision zone at this time based on a rising trendline since November. 3550 (from October) and 3945 are key levels to watch. A break above 3945 sets up a possible run to 4300 while a decisive break below the current range 3830-3910 signifies a...