Core Insights - Crypto markets are experiencing a rise due to weaker-than-expected U.S. labor data and expectations of a Federal Reserve rate cut next month [1][3] - Bitcoin has increased by 2.15% to $118,700, while the broader market, as measured by the CoinDesk 20 index, rose by 2.33% [2] - The unexpected drop in U.S. private payrolls, with a decline of 32,000 jobs in September, has led to increased bets on a rate cut by the Federal Reserve [3] Market Reactions - The market has shown relative stability following the U.S. government shutdown, reminiscent of the 2018-2019 shutdown, which lasted 35 days [4] - Derivatives markets reflect a shift, with open interest rising nearly 4% to $216 billion, and spot crypto ETFs seeing over $2.3 billion in net inflows since the beginning of the week [5] Structural Considerations - Concerns have been raised about structural risks in Bitcoin adoption, particularly strategies relying on stock premiums [6] - Investors are increasingly turning to alternative assets like gold and crypto as economic signals become murkier [6] - Bitcoin's price structure is showing signs of consolidation, with potential for volatility in the coming month [6]

Core Insights - The article discusses the importance of due diligence and personal discretion in making financial decisions, emphasizing that the information provided is for educational and research purposes only [1] Group 1 - The content includes general news, personal analysis, and third-party contributions intended for educational purposes [1] - It highlights that the information is not tailored to individual financial situations or needs [1] - The article warns that prices may not be accurate and are often provided by market makers rather than exchanges [1] Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and CFDs, which carry a high risk of losing money [1] - It encourages thorough research before making investment decisions and advises against investing in instruments that are not fully understood [1]

Core Insights - The S&P 500 experienced a 1.94% drop last week, reversing previous market euphoria [1] - The article emphasizes the importance of monitoring key support levels, specifically mentioning that dips are likely to hold at 6551 [1] Group 1: Market Analysis - The article discusses the actionable insights provided by Andrew McElroy, who utilizes a proprietary system developed over 15 years, incorporating fractals, Elliott Wave, and macro drivers [1] - The 'Daily Edge' report outlines actionable ideas and important levels in the S&P 500, as well as trends in commodities, stocks, crypto, and forex [1] Group 2: Analyst Background - Andrew McElroy is identified as the Chief Analyst at Matrixtrade and has been an independent trader since 2009, managing a family portfolio of stocks and ETFs [1]

Market Performance - The S&P 500 index has broken above 6600, reaching a new high of 6671, indicating a bullish trend in the market [1] Analyst Insights - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary top-down system that incorporates fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] - The 'Daily Edge' report produced by Andrew provides actionable ideas and directional bias for the S&P 500, focusing on various asset classes including commodities, stocks, crypto, and forex [1] Investment Strategy - The analysis system developed over 15 years aims to deliver a consistent edge in trading, reflecting a comprehensive approach rather than simple chart analysis [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].

Market Overview - The S&P 500 has reached 6600, driven by stock/sector rotation and the anticipation of rate cuts, providing new momentum for the rally [1] - The target of 7000 is considered achievable, with confidence expressed in reaching this milestone [1] Analyst Insights - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary top-down system developed over 15 years, incorporating fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] - The 'Daily Edge' newsletter offers actionable ideas, directional bias, and important levels in the S&P 500, focusing on various asset classes including commodities, stocks, crypto, and forex [1] Investment Strategy - The analysis emphasizes a systematic approach to trading, moving beyond simple chart observations to a comprehensive strategy that has been proven to deliver consistent results [1]

Core Insights - The dollar is currently trapped in a range, with a potential for a downward breach below July lows, indicating a possible ending diagonal pattern [1] - Upcoming US CPI data is crucial, as it may influence market expectations regarding interest rate cuts by the Federal Reserve [2][3] - A significant drop in crude oil prices could lead to a flat or softened inflation reading, impacting the dollar's performance [3] Economic Indicators - US inflation is expected to rise to 2.9% from 2.7%, but a softer reading could trigger a sell-off in the dollar [3] - The market anticipates that the Federal Reserve may cut rates, with speculation on the extent of the cuts [2] Technical Analysis - The Elliott Wave analysis suggests that the dollar's rise from July lows is corrective, indicating potential further weakness [4] - A target below 96 is indicated for wave C of wave five, but caution is advised as ending diagonals can signal trend reversals [4] Historical Context - A comparison is made to September 2024, where the dollar initially fell before stabilizing and recovering after a rate cut, suggesting a possible similar scenario may unfold [6]

Group 1 - The S&P 500 reached another all-time high on Friday but quickly retraced, indicating a familiar pattern of limited progress since the end of July [1] - Momentum in the market is waning, suggesting a potential consolidation phase is needed, but the market has not yet rested properly [1] - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary top-down system that incorporates fractals, Elliott Wave, and Demark exhaustion signals, along with macro drivers and market narrative analysis [1] Group 2 - The 'Daily Edge' is a resource produced by Andrew McElroy that provides actionable ideas, directional bias, and important levels in the S&P 500, as well as insights into commodities, stocks, crypto, and forex [1] - The system developed by Andrew over 15 years aims to deliver a consistent edge in trading, managing a family portfolio of stocks and ETFs [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to consider their financial situation and needs before relying on the information provided [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to perform their own research and understand the risks involved before investing in any financial instruments [1].

RT Bull Theory (@BullTheoryio)EVERYONE’S CALLING THE TOP….BUT THIS SETUP SCREAMS $200K BITCOIN 🚀🚨A lot of traders are turning cautious right now.And what's the reason?➬ Bitcoin failing twice at $124K➬ Bearish divergence on RSI➬ Recent MACD bearish crossover.At first glance, these are valid warnings as they often signal exhaustion at the top.But if you look deeper, they don't look like the cycle top.Let me explain to you why 👇► We’re still inside the Elliott Wave structure, and the chart shows we’re in Wave ...