The S&P 500 is on a dangerous path

• History shows that stock market bubbles burst.

• Overly optimistic expectations regarding corporate earnings could lead to a slump in the S&P 500.

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🗓 Economic Calendar at 2026/10/21 (GMT)

09:00 🇩🇪 ZEW Economic Sentiment — Exp: 32.0 Actual: 28.1

09:00 🇩🇪 ZEW Survey (Current Situation) — Exp: -45.0 Actual: -35.9

09:00 🇪🇺 ZEW Economic Sentiment — Exp: 24.2 Actual: 18.5

12:30 🇺🇸 Building Permits — Exp: 1390K Actual: 1400K | -0.2%

12:30 🇺🇸 Housing Starts — Exp: 1300K Actual: 1221K | -5.2%

14:00 🇺🇸 Pending Home Sales — Exp: -0.5% Actual: -7.3% | -11.3%

06:00 🇬🇧 ⚡️ Consumer Price Index — Exp: 0.3% | 3.4%

06:00 🇬🇧 Core CPI — Exp: 2.7%

06:00 🇬🇧 Retail Price Index — Exp: | 3.9%

06:00 🇬🇧 Producer Price Index Input — Exp: 1.6% | 7.2%


[Updated in real time]

AUDJPY Wave Analysis – 20 October 2026

– AUDJPY reversed from key support level 109.00

– Likely to rise to resistance level 111.20

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CADCHF Wave Analysis – 20 October 2026

– CADCHF reversed from key support level 0.5800

– Likely to rise to resistance level 0.5885

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Virgin Galactic Wave Analysis – 20 October 2026

Virgin Galactic: ⬇️ Sell

– Virgin Galactic broke key support level 2.50

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Market Sentiment for October 20, 2026

The crypto market is holding just below a key level

The crypto market has lost 1.4%, falling back to $2.72T, closer to the lower boundary of the narrow consolidation range seen over the last few days. Stock indices are falling after Monday’s impressive rally, which is holding back cryptocurrency speculators. This indecision is fuelling the bears, as the upward-trending 50-day moving average continues to diverge from the current market capitalisation level. This is a rather worrying scenario, marking a shift from the confident bull market of August and September towards a sideways trend or even a correction, similar to what was seen for much of July and August. Meanwhile, altcoins are showing mixed movements. Basic Attention Token (+11.3%) and Theta (+3.9%) are once again the top performers, with Polkadot (+2.7%) also in the top three. Near Protocol (−6.7%), Uniswap (−3%) and Avalanche (−2.8%) are falling the most. The ratio of gainers to losers is approximately 1:4.

Bitcoin has lost around 1% over the past 24 hours, falling to $81.5K. Unlike the wider market, the leading cryptocurrency is holding above its 50-day MA. At the current level, BTC has returned to the high point of its early September rally, which was followed by a correction. This correction fitted neatly into a Fibonacci correction pattern. Still, the subsequent upward momentum was half as strong as technical analysis would suggest, whilst the October decline raised even more questions about the sustainability of the bull market.

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🇺🇸 Pre-market trading trends on the US stock market

📉 Negative sentiment is prevailing in the US stock market’s pre-market session. Among the largest companies, there is a noticeable decline in the share prices of key tech giants, setting a generally cautious tone.

In the Information Technology sector, Apple (AAPL) is down 1.17%, Intel (INTC) is down 1.45%, while Salesforce (CRM) is down 3.07%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.33%.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.61%, while Bank of America (BAC) is down 0.25%.

The predominance of declines among the largest technology stocks points to risk-off sentiment in the US market.

Capital flows are shifting toward more defensive US dollar-denominated assets and Treasuries, which is providing moderate support for the dollar and increasing the likelihood of its short-term appreciation against risk-sensitive currencies.

▶️ AUD/USD. Is the triangle completed?

Today is Tuesday, October 20th, and today we’ll talk about the Australian dollar, specifically the triangle that has probably been completed on the daily chart. Today we’ll be looking exclusively at the daily timeframe.

So, this large triangle has most likely been completed as part of a larger upward pattern. This means...

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Even Brent can’t heal the dollar now

Brent’s attempts to break above $110 a barrel are not preventing the greenback from falling.

The US dollar is reacting more to corporate earnings than to geopolitics.

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Visa Wave Analysis – 20 October 2026

– Visa broke round resistance level 400.00

– Likely to rise to resistance level 420.00

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SushiSwap Wave Analysis – 20 October 2026

– SushiSwap reversed from support level 0.2080

– Likely to rise to resistance level 0.2400

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Binance Coin Wave Analysis – 20 October 2026

Binance Coin: ⬆️ Buy

– Binance Coin reversed from support level 705.00

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Dogecoin Wave Analysis – 20 October 2026

– Dogecoin reversed from support level 0.0775

– Likely to rise to resistance level 0.0875

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🗓 Economic Calendar at 2026/10/22 (GMT)

13:00 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks

14:30 🇺🇸 Crude Oil Inventories — Exp: -800K Actual: -3061K

16:30 🇪🇺 ECB President Christine Lagarde Speaks

21:45 🇳🇿 ⚡️ Consumer Price Index — Exp: 0.8% | 3.8% Actual: 0.7% | 3.7%


[Updated in real time]

⚠️ UK — Consumer Price Index at 06:00 GMT

✔️ Prev: 0.5% | 3.1%

🕒 Exp: 0.3% | 3.4%

🎯 Fact.: 0.4% 📈 | 3.5% 📈

Market Sentiment for October 21, 2026

Bitcoin has caught a tailwind

The crypto market has gained over 1% in the past day to reach $2.77T, moving away from the lower boundary of its short-term trading range and approaching the 50-day moving average. This level may now act as resistance if the recovery in equity markets that drove Bitcoin higher on Tuesday ends. Among the most liquid coins over the past 24 hours, the top gainers were Theta (+9.7%), Near (+7.7%) and Aptos (+7.5%). Only three are down: Basic Attention Token (−5.4%), which has given up some ground following a 150% surge since the start of the month, plus Tron (−0.3%) and Cosmos (−0.1%), whose declines are fairly modest.

The crypto market sentiment index rose to 63, rebounding from the middle of the range. It has thus managed to remain at the upper end of the spectrum, demonstrating a clear shift in market sentiment compared with the 10 months leading up to August.

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Zcash Wave Analysis – 21 October 2026

– Zcash reversed from key support level 1050.00

– Likely to rise to resistance level 1340.00

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