Ray Dalio’s warning not to “sell just because there’s a bubble” didn’t land today as a delayed September jobs report showing 119,000 new jobs cut into hopes of a December Fed rate cut.
The S&P 500 swung from a 1.9% gain to a 1.1% loss, and the Nasdaq flipped from up 2.6% to down 1.5%. The S&P 500 chart now shows declining momentum with lower highs forming. That kind of engulfing behaviour can mark exhaustion phases in extended rallies.
Bitcoin also unraveled, dropping nearly 5% and sinking back under 87,000 as liquidations accelerated. The current monthly candle could be confirming a potential shift in trend momentum after a multi-year climb.
The S&P 500 swung from a 1.9% gain to a 1.1% loss, and the Nasdaq flipped from up 2.6% to down 1.5%. The S&P 500 chart now shows declining momentum with lower highs forming. That kind of engulfing behaviour can mark exhaustion phases in extended rallies.
Bitcoin also unraveled, dropping nearly 5% and sinking back under 87,000 as liquidations accelerated. The current monthly candle could be confirming a potential shift in trend momentum after a multi-year climb.
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Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Investing in complex securities involves risk. You may lose some or all of your invested capital.
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Investing in complex securities involves risk. You may lose some or all of your invested capital.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.