The Wait is Over: Fed Rate Cut Looms

Issue #96

September 17, 2024 • Estimated Reading Time: 4 minutes

Good morning!

All eyes are on the Fed’s interest rate decision today, with the probability of a 50 bps cut increasing to the most likely scenario, according to the bond market at least. The S&P 500 briefly hit new ATHs yesterday, while the other main US indices lag. Crypto has been holding up in recent sessions but has remained relatively range-bound over the last week.   

This week, our Technical Analysts cover SAGA, DYM, SUI, ETH, STX, FTM, BTC, BNB, and PORTAL. We also cover FVM and SGML in equities on the back of views on Gold, Silver, Lithium, and CONL as a crypto expression. Please carefully read the trading plans for each ticker, set price alerts, and wait for the opportunities outlined! Finally, we update Web3, NFTs, and the AI sector. Enjoy, and happy trading!

  • SAGA (Crypto Fox): SAGA ran up from our Telegram long entry at 1.33 to hit a local high at 2.0516 for a 54.26% unleveraged move.

  • BNB (Daniel4):  Long from 510 has hit 560 so far

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