Mind Trader

$TOTAL : I urge everyone to avoid jumping to conclusions. The crypto total market cap appears to be forming a bearish Head & Shoulders pattern on the weekly chart. It's still early, but the outlook seems bearish. The first key level to monitor is $3.25 trillion. Below that, the neckline of the bearish Head & Shoulders pattern sits at $2.90 trillion. A break below $2.90 trillion could be disastrous, potentially driving the total market cap as low as $1.45 trillion. To invalidate this bearish pattern, the market cap must first surpass $4.10 trillion and then $4.30 trillion. #Total #MarketCap

#CHFUSD Near first target, Low 1.2495 so far. #Forex

#SPXU First SL hit and now touched second target, High $61.68 so far. #StockMarket

#SPY Near second target, Low $633.11 so far. #SPX

#FIVE First target done, High $237.45 so far. #StockMarket

#LNG All targets are done, High $299.49 so far. #CheniereEnergy

#SPY First down target done, low $644.72 so far. #SPX #ETF

#XLF Near second target, Low $47.95 so far.

#XLF First target done, Low $49.44 so far. #Stock #ETF

#SOXL Near first down target, low $46.40 so far. #StockMarket

#MAGS Near first down target, low $56.98 so far. #MagnificentSeven #ETF

$US100 is currently testing its weekly 50-period SMA. Historically, whenever the price has closed below the weekly 50 SMA, it has triggered a significant sell-off, often leading to a sharp decline toward the weekly 200 SMA. Traders should exercise caution here — a decisive weekly close below the 50 SMA could signal a potential sharp downside move in the coming weeks. #US100 #Nasdaq