Tuesday morning dashboard: six days ago, the dollar looked beaten — down for two straight weeks, with the euro at 1.127, gold testing $4,220, and bitcoin celebrating a breakout. This morning, the entire landscape has flipped back, and the speed of the reversal says something important about the market we’re in. The euro has broken […]
Weekend edition: the question that hung over crypto all week has been answered, and the answer is the one the bears were hoping for. Bitcoin closed Sunday at $80,024 — its second consecutive finish a hair above the psychologically immense $80,000 line — after a weekend that took the token as low as $79,147. The […]
The fifth test was the one that mattered, and the market has delivered its verdict. Gold crashed through the support zone that had defined it for four months on Thursday, falling to a low of $4,036.80 before settling at $4,060. Friday extended the damage: the metal broke below $4,000 for the first time since June, […]
Every correction lives or dies at its retest. On Friday, the October correction faced its retest — and survived. The S&P 500 fell to 7,612 intraday on Friday, within 47 points of the correction low at 7,659… no — within a whisker of breaking it entirely. Then, almost on schedule, the buyers arrived. The index […]
Thursday was a masterclass in why traders distrust even the cleanest-looking breakouts. Bitcoin, which had spent two weeks building energy in a tight range and finally cleared the $84,800 ceiling on Wednesday — closing at $84,563 on a record $30.7 billion of volume — gave the entire move back in a single session. The token […]