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Main Event: CPI
Issue #91
Good morning!
Crypto and Equities have stabilized and keep correcting to the upside after the brutal sell-off we saw the week before. Despite the S&P 500 trading more than 7% from its local lows, we have seen significant inflows into bonds and money markets, suggesting overall risk aversion. Today, we have inflation data for both the US and the UK. The most important event of next week will be the FOMC minutes on Wednesday. Both should better indicate the expected FED move at September’s meeting.
This week, Our Technical Analysts will discuss detailed trading plans for the following tickers: ZETA, RUNE, HOOK, BTC, EUR/USD, STX, SOL, ORDI, and JUP. We will look at PDD, YINN, TNA, and SLV in equities. Please read the detailed plan carefully for each, set your alerts for the key levels, and wait for trading opportunities! Finally, as always, we will provide updates on NFTs and the AI sector and a deep dive into Bittensor (TAO).
We Called It!
ORDI (Daniel4): Long from $26, has had a +21% move so far
TON (Daniel4): Long from $5.50, has hit our first target of $6.50 so far, yielding an 18% gain
STORJ (Crypto Fox): The newsletter's long add-on hit entry was 0.3453, and it moved to 0.3667 for a 6.2% unleveraged move to the upside
Macro Markets
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