We are struggling overnight, and the tape looks weak. Bitcoin #BTCUSD backed off the Sunday gap up in the futures (yes, I know Bitcoin trades 24/7). Typically, a gap up on Sunday like that for Bitcoin is bearish.
Yesterday's candle is bearish for today, only 44% chance of higher.
Shutdown stuff is the main thing we'll keep an eye on today. Kalshi has the odds around 76% now and rising. Cramer says the shutdown doesn't matter and market should be fine. That should be concerning for us.
My metrics suggest today is a poor day for day trading, so I'll skip it.
We are resting on top of support there around 663 on #SPY, under that is negative gamma and we could break weekly support.
Levels:
All the best;
Peter Cook
#NQ_F Chatroom Chief Moderator
Hamzei Analytics, LLC
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