The SP500 today was decent after that CPI print but overall this flow is dead and that’s what I expected coming into this week and into the end of the year. The one note is that Crypto continues to trade lower and even with $COIN ( ▼ 2.04% ) announcing that news of stock trading and prediction markets the gap down faded and we are flat on the day there. I cannot stress enough to readers the importance of reliance on price charts and trusting them and $COIN ( ▼ 2.04% ) is one of those examples that earlier on when I started would have caught me off guard and I probably would have bought it with that news headline but today I know it’s just noise.
For those of you that read this and have not joined, I talked about some price action principles a few weeks ago on the SP500 and I’ll continue to do that as we get into 2026 but for now this is a reminder that I am still bearish Bitcoin and $COIN ( ▼ 2.04% ).
I have some quick notes tonight on $COIN ( ▼ 2.04% ) and the SP500 as we end the week.
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