Since I've mentioned stock indices in Bitcoin review, here are two most representative - S&P500 and Nasdaq. Both losing hard these days. Crypto only followed the big market. No fud, no news. Just a cautious reaction.

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First of all those gaps don't have to be closed. But they remain attractive space for price while its not far.

NVidia moves within strong uptrend at higher timeframes and sideway at 1H. So following crypto logic we should look for stop hunting levels and plan entries there.

Not planning short, not against higher timeframe uptrend (at least not below 928). And for long first of all interested to see reaction to the dip under 862 and secondly under 842

Most probably all the fun begins on Wednesday.

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S&P500, same as Nasdaq, broke out ATH. That is bullish for crypto 👍

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Stocks keep on crashing. Waiting for SPX/NDX to find the bottom before really joining crypto bulls army. Actually might be around current level - Week 20SMA and May close at ~5277.

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SPX opened with a huge gap.

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S&P500 same as NDX doesn't look like it has any power to continue growing up much more from here. There is a gap at 5384-5410 which should be closed in the future, but I also believe SPX will dip to 5300 as well, and if no support there, high chances to see that dip extend lower.

Frankly, a bit uncertain situation at market now. I don't see anything clear and when it happens, I prefer not to force any forecast out of my mind. Just let the chart evolve till it form something clear and visible.

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Stocks went up a lot (while BTC ignored that movement) and now look prone for correction. Small or big, won't try to guess. Most probably rate cuts were included in this price action and market got a little overbullish for that.

Therefore I will wait for New York session open. If NDX dip, BTC can follow (within Daily Review bullish range). So will buy it lower. If no dip happens, I don't mind, and will add to long higher.

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And this is SPX chart - huge buy tail formed during 4 continuous up-close weeks. Now price is moving towards nearest Day gap and next, on the way to buy tail middle will be 4H gap. Expecting BTC to follow while SPX/NDX is bearish.

💡 No major data announcements this week. Only next week Wednesday Inflation rates, Thursday PPI and FOMC in two weeks on September 18th. So stocks have free time to fall for at least one week.

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S&P500 opened with a gap down to 5423 - means that either current candle or the next swing will try to cover it. Most probable nearest target for this bullish move is middle of 1H FVG around 5475

P.S. 4H gap starting at 5377 remains valid target

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As I wrote, sooner or later NDX will come back to close that gap. Done ✅

First two hours are dumping back to Wednesday close, so no new gaps will be left here. Interesting what will be next. If swing down, then previously marked zone valid for the dips.

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Frankly it looks like stocks are going for another swing down soon. Yesterday closed bearish. Today small bounce, but if won't show anything special, the following working days can pick up that momentum and go lower under 5600 🤔

Careful with longs.

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That is a worrying factor. Gap will be filled. Trump win pushed market up too fast. We are all so bullish, but its important to remember for yourself - either you are bullish long term and hodl through the dips, or you trade each swing, and in this case it is important to be ready for this swing to end at some time.

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