Market Overview

  • Premarket Up: Due to Fed Rate cut expectation. 
  • BTC Down: 1 month Bullish Trend broke but 3-6 months Bullish Trend still alive. 7800-8000 is the range must bounce off soon(Today?) and should climb over 8200. Otherwise it could go down to 6600-7600 range.

  • Gold Up
  • Bonds UP
  • Vix Down
  • Fed Powell speech at 9:45 AM: Eye on Rate Cut.

Flags from Monday

B-GOOG Up by 0.65%
B2-NVDA Up by 1.32%
R-PFE Up by 0.55%
Short-LITE Short Down by 0.58%

Extra


Short Flag: When short fails, it usually leads to a big bounce followed by a Rally. I consider this as an opportunity for a bonus day trade.