TRUMP, the SPY, BTC and Alts
All, The Trump presidency has not stopped handing wins on the daily. It has been wild and none of us have seen anything like it in our lifetime. With that said though, he is moving so fast that it is creating all sorts of uncertainty in the markets, and the markets hate uncertainty. We can see it in the charts, and I expect more volatility to continue through this first year. This is forcing me to take a big step back and zoom out, and let the charts speak what they speak. Let's start with the SPY (image 1) The SPY consists of the top 500 companies in the United States, so betting on it is betting on the U.S. The SPY has been bouncing around this zone, and with DOGE being sniffing out corruption everywhere I suspect we will see a great reshuffle of what companies people want to be involved with. I imagine we'll see many lose phony subscription services (like Disney). Lonterm, betting on the SPY with the force of nature that the Trump administration is is probably the safest bet anyone in the world can make. But even that doesn't mean it won't have a downside move in the near term. REMEMBER: the trend is your friend until it isn't. This thing sideways in the range until it doesnt. Onto BTC Bitcoin is still in the range it has been for 2 months now (image 2). There has been nothing but an onslaught of good news for BTC in the last 3 weeks. - Trump launching his meme coin signaling a crypto-friendly environment - Trump Admin openly telling the market they will work expediently for crypto-friendly legislation - Trump announcing a Sovereign Wealth Fund - 22 states working on legislation to create their own BTC reserves (image 3) The list goes on, but all that good news has not changed the price. So we must zoom out. All that news is amazing and very bullish in the long term, but when you zoom out you still see that BTC is in the range, AND there are two bearish signals to be aware of. REMEMBER: each signal is only one indicator and we want the market to tell us what direction it wants to take via multiple indicators saying the same thing creating confluence.