ES1 - Can A Fartcoin Predict A FOMC Correction

4 giorni fa

This is not a high certainty call but there are warning in lower dominance meme coins that may perhaps be signalling bearish action in the crypto that may be part of a canon to signal bearish action post FOMC.

So, a speculative call, but I have adjusted risk based on this.

This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.

4 giorni fa

Nota

If you like this type of content then do BOOST and FOLLOW then you'll be more likely to receive notifications of future content / updates 👍.

4 giorni fa

Nota

As described in the video, the bearish threat from meme coins has moved on to the next step of the canon and TOTAL / Bitcoin are both dumping hard:



For those of you that didn't get time to watch the content - meme coins are higher risk than Bitcoin and higher risk often provides a leading indicator by dying off first

Therefore they have provided a leading indicator by completing a bearish canon into higher dominance Bitcoin / TOTAL.

Now comes the interesting part.

Will that risk canon continue like dominoes cross market from Bitcoin into stock indexes 🤔.

Let's see how it develops

Hit the Boost whenever you realise what I'm sharing with you is gold 👍.

14 ore fa

Nota

NQ1, ES1 Indices1

Nasdaq did actually slump through the significant resistance (/support) toward the end of Friday

But as yet S&P has not.

And so you might consider that crypto has been leading into this Nasdaq slump and perhaps we may see some more bearish action next week.

And so we'll see if this canon really completes in a more decisive way.


What has been interesting is to see how the various sectors have responded since the interest rate cut:

Deep stocks that I cover (NKE, UPS threads I made here on TradingView a while ago, also UNH more recently) have been warming up nicely, but new breed tech in elevated positions looking a little weak (RGTI here on TradingView), and obviously crypto has been looking weak before the rate cut (see TOTAL BTC PEPE SHIB etc threads) and continuing bearish now 🧐.

TOTAL (Looking bearish):