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NASDAQ and S&P Turn Red Despite Strong July CPI Numbers
July CPI comes in better than expected, and is below 3% for the first time since March 2021. The markets are preparing for rate cuts in September. Yesterday I warned that there could be a selloff after the July CPI announcement. We saw a similar trend last month where the markets rallied ahead of the […]Read More
BROS Swing Trade Setup
BROS has been trading within this range, and has recently dropped to my buy level at the green trendline. I think the current price is a great buy around $29.10. I have the red resistance line as a key sell target around $47.50. Entry price: $29.10 – $29.50 Exit price: Red resistance line, estimated target […]Read More
Ethereum Still Battling with $2.7K – $2.8K Resistance
Ethereum continues to struggle with this resistance zone. ETH is trading near the lower end of this zone around $2,682.96. There needs to be a convincing break above $2,862.93 for ETH and Altcoins to see some upside. Yesterday was the first day where Grayscale ETF did not sell, snapping a 14-day streak of outflows. If […]Read More