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QQQ Opens with a Bullish Gap 2% Higher
The markets were due for a big move in either direction from the FOMC announcement. Yesterday there was a lot of volatility with bulls and bears pushing the price back and forth. Although the day ended with a bearish close, there was a strong post-market rally with QQQ opening the day 2%+ higher. QQQ has […]Read More
Post-FOMC Market Update:
The markets believe that we are trending towards a soft landing, which is causing defensive positions to get punished and risk-on positions (like stocks and crypto to get rewarded). I personally don’t believe we are trending for a soft landing and I think there is a lot of market risk buying at these price levels. […]Read More
Altcoin Market Reaches Resistance
The Altcoin market has rallied to the upper range of this channel around $591 billion market cap. Historically Altcoins remain neutral in Sept and close the month slightly red. Based on this historical trend, Altcoins are likely reaching their monthly high here and could trend back down near the end of Sept. I think a […]Read More