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Summer Chop Ending?
Issue #92
Good morning!
Major US Equity Indices continue their uptrend this week, with Tech and large caps outperforming. Volatility is dropping, and Crypto is range-bound with an upward bias. Last week saw US inflation drop further, while retail sales surprised to the upside. Data on retail sales in China disappointed once again, causing more sell-offs for Chinese assets and most commodities, except for gold which has hit new ATHs. The most important events of this week are FOMC minutes today and Powell’s speech on Friday. Market positioning on US Treasuries has hit an ATH as consensus is for the first rate cut after four years.
This week, our Technical Analysis covers BTC, TON, STX, FLOKI, AAVE, TRX, SOL, JUP, and W. We also cover NVDA in equities. Please carefully read the trading plans for each ticker, set price alerts, and wait for the opportunities outlined! Finally, as always, we provide updates on NFTs and the AI sector. Enjoy, and happy trading!
ETH (Pidgeon) - Telegram short 16-08. Posted short setup in money glitch ran to our main TP for 1.54% unlevered
BTC (Pidgeon) - Quick scalp hit TP1 for 0.71% unlevered
BTC (Pidgeon) - Beautiful sidestep, just barely front-ran TP2. Moved 3% in profit potential, securing most around 1.75% unlevered
SOL (Daniel4) - Long from $142.5 came close to $146
AIAT (Crypto Fox) - TG long from 0.5639 hit a local high at 0.6007 for a 6.52% unleveraged move to the upside
STORJ (Crypto Fox) - Our most recent bid from 0.3453 is currently up 14% unleveraged, as the price is well above 39c
TRX (Crypto Fox) - TG swing-long position from a few weeks back with an entry at 0.12623 hit our main objective at 0.14461 and ran up to hit a local high at 0.16199 for a 28.33% unleveraged move to the upside
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