Data coming in one hour.
Unemployment rate (previous 4.2 forecast 4.2)
Non farm payrolls (previous 142k forecast 140k)
If these numbers come as expected, we are good. If the unemployment is reduced (4.1) then we are also good. If Non farm payrolls come much better than expected, together with reduced unemployment (4.1) then despite the good news markets will react -ve because the FED might see everything being well, and think twice about a rate cut in November (unlikely). I think that despite of everything, there will be a 0.50 cut by the end of the year (2x0.25 or 1x0.50)

Pre markets are picking up. Do they know some data to be announced in 1 min?

Unemployment dropped to 4.1 Non farm payrolls a massive jump to 254k

We wait market reaction in 1hr

Pre markets are responding quite well, and so is BTC. Dont forget,they carry less volume and easily manipulated. True direction will be give 2 hrs after they open.

We might re-vist 60857 again, but we are ok for now. As predicted alts do better, but dont get too optimistic. We follow the s&p. I prefer days like today, small red daily candles.

60857 as predicted.

I like this reaction. It confirms thatv markets want to digest bad news and move forward. 63220 is achievable but dont forget that we are exposed to a bearish event. Short term, we will go down before we go up. I can see the light at the end of the tunnel.

Maybe this attached post can explain why crypto is greatly outperforming wall street today. A word of caution though. After punishing shorts, the rest to be punished are longs.

I would usually expect some more volatility in about 5 hrs, but I think everyone is much more cautious this weekend, so best case scenario is sideways for BTC. For ALTS. I think that they will have the same performance as BTC.

We are victims of circumstances. This week starting from Tuesday should be the most bullish week in October. Inflation numbers are coming out and they will be good, showing a decrease in inflation, paving the way for the FED's 2% inflation target. This would have placed the s&p above 5800 , and on its way to the magical 6000. This translates BTC price at above 65k and heading for 67k by Friday. it can still be a bullish week if, we get retaliation today or tomorrow, or nothing happens on the war front, during the entire week.

By the way, yesterday we went from 1500 subscribers to 1600 in a single day. Thank you, and a huge welcome to the new members. Scroll up and catch up on what we are doing. If you have any questions, ask them in BCW free chat and I will answer. Mr S.

For the new members, know that my outlook for October is choppy until the 20th with a gradual up direction. This prediction was made more than 2 months ago and therefore made prior the recent events in the middle east. This choppiness, as a result is for now, magnified, but for now, my prediction is still valid for me.

On Monday, I will give you a detailed report on where we are going according to cycle and traditional charts. Simple charts, simple language.

This is playing out as predicted. From now on, as more hrs pass, the weaker the action will get.

Today initially will be the same as yesterday. BTC sideways for now with ALTS outperforming it. This is valid for the next 7hrs. After that I expect some volatility because deadline is approaching. Note that Monday is the 1 year anniversary of Hamas attacks, so Israel might want to send a message with an attack. If I was to make a calculated guess for timing the reprisals, that would be Sunday midnight. This is the reason that that I stated in the attached post that this should be a bullish week staring from Tuesday.

Note this attached post of increased volatility after the 7th hour. The 7th hour just passed.

62495 very short term double top, maybe we bounce from that and then up again, but all this is pseudo moves.

Double top smashed without a hiccup. Next resistance is our blue trend line.

Did you see how the timing of the volatility was perfect, to the minute. Retail is so predictable sometimes.

Reminder that tomorrow I will be posting a detailed report.