Berkshire Reaching Major Support Zone
Berkshire Hathaway has consolidated more than 15% since the May highs and is now approaching the major swing support zone between 440-456. Keep an eye on the price action over the next few days for potential developments. Source: Bloomberg
AstraZeneca Trying to Breakout
After several months of rebounding from the major support zone between 9330-9730, AstraZeneca is now showing signs of a potential breakout. Keep an eye on the 11086 resistance for any confirmation of the breakout. Source: Bloomberg
Nasdaq posted its 63rd consecutive day above its 20-day moving average, the longest streak since the dot com bubble.
Source: zerohedge, Bloomberg
U.S. Dollar Index $DXY on track to get a Death Cross ☠️ on the weekly chart for the first time since January 2021
🚨 The last 2 weekly Death Crosses marked the bottom 📈 Source: Barchart
The biggest gamma squeeze in history ???
Source: zerohedge
Solana $SOL beaking out from multi-weeks base?
SOL/USD
Ether $ETH relative to bitcoin $BTC is breaking out after a multi-month consolidation.
Is this bearish for bitcoin? No. It just means that we might be at the beginning of the so-called "altcoin season" where other cryptos start to outperform bitcoin. But it does NOT mean that bitcoin is heading south. The new all-time highs in Coinbase, Robinhood and other crypto-related stocks and assets like Galaxy Digital are additional evidence that the crypto bull market might actually gathering speed. Source. J-C Parets NB: this is not an investment recommendation. Do your own research
The SP500's CAPE Ratio is about to cross above 38 for the 3rd time in history, now higher than 98% of historical valuations. $SPX
Source: Charlie Bilello