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$VIX is still within the Triangle
Higher lows and lower highs
$SPX was down for the day but much higher from the bottom
$NDX traded well at the end of the day
$DJI was the weakest of all

Top 10 Crypto coins, excluding $BTC & $TH tend to perform far better than the smaller & mid caps
Let's see how Crypto fares without the big guns
Similar looking at the stronghold level
Monthly shows the areas a little better
ATM it doesn't look good
They've never been oversold

Crypto, as a whole, minus $ETH $BTC & Stablecoins, has broken every single uptrend
It has reached an area that has been a strong battleground
IF it doesn't hold the market cap can easily lose 100B before there is a bounce again
Altcoins weekly are oversold

Last week the Crypto crowd jumped for joy as $BTC climbed more than 4k points
As usual theories abounded
But, as usual, most are incorrect
It was a dead cat bounce & most gains evaporated
Since Feb 5th Bitcoin has been in a channel
That was the bottom & short covering
BTC

A few different ways to see an index
1
Bollinger bands widening a bit
2
$DJI testing the 80Day Moving Avg
3
$DIA tests the 21 Weekly Mov Avg every so often

$DJI hit the lowest level since we warned, making the call of weakness in stocks
$NDX was the 1st to show weakness, had a huge run, but kind of holding lately
$MID breaking Green Moving Avg
$RUT breaking Blue Moving avg
$SOX testing Blue moving avg
Monday, may shed light

1
Interesting how $VIX & $SPX look eerily similar
2
Stocks held well considering Mr. $VIX keeps trying to push up
3
Hard to tell if SPX will give way or VIX pushes higher
$SPY RSI looked as if they wanted to push but too early to tell

$VIX already retested lower part of the trendline & is now touching the top part
RSI is far weaker but let's see how this ends today
Which way will the trend break?
Breaks to the top, $SPX going much lower
Break lower, stocks have some upside

Thursday will be Thursday
$DJI breaks above downtrend line & sinks beneath it
$SPX stays within the recent small downtrend
$VIX is a tad tricky
RSI is trending slightly lower, bullish 4 stocks
Trend higher is good, bearish
BUT
The recent top testing is getting weaker, bearish

So far, going as planned.
Been trading these Thursday for some time.
Until it stops working!

Right on cue for the markets.
$vix tested the downtrend & bounced. "Coincidentally" it transpires on a Thursday.
The RSI is weakening but the constant testing to the upside is concerning.
Also, it's Thursday, weakest day last year.
$spx $ndx $dji

🧵
Can $BTC bottom here?
This is chart shows Bitcoin futures in its infancy
Monday, December 10th 2018
LOWEST RSI reading
BTC weekly rarely gets oversold & only cam close 1x
Another Monday, June 13th 2022
4Yers later

To add a bit more...
Today $NVDA announces after close
Thursday's, since last year, have not been good
$VIX is pulling back, perhaps to the trendline this time?
RSI does seem a tad weaker than norm
IF we're to break this downside, as stated in the last post, Nvidia can do it

Been under the weather the last few days, but did notice this
Sent this to a friend wasn't going to post it here but, why not
We're Shadow Banned, don't even know why, so reducing content to a minimum
$dji $spx $vix
Stocks

Last year Thursday's were one of the weakest trading days
This year, Thursday's have also been pretty weak
However, think tomorrow might be different
Unless markets open up nicely & sell off at the end of the day, or the sell off, profit taking, is set for Friday

Last year Thursday's were one of the weakest days
This year, Thursday's have also been pretty weak
However, I think tomorrow might be different
Unless markers opens up nicely and sell off at the end of the day or the sell of, profit taking, is at for Friday

We need to see how this plays out.
Three things to notice:
Rsi is weakening as it hits the same level, negative divergence.
If we pull back, which it looks like it wants to, will it hold the trend line?
If it breaks out, then chances are we're going lower.
$vix
$spx
Stocks

Bitcoin is struggling since the false breakout mid January
So far, red moving average stopped every advance
This is why we need to look at volume
While $btc, historically, has not bottomed on heavy volume, the breakout has always been heavier than normal volume
BTC Crypto