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Bitcoin’s post-speech dump is likely a fake-out - despite a 3% drop following Trump’s remarks, the hourly chart shows a clear bullish divergence that suggests a reversal back to the top of the current range.
“We just created another bull div on the hourly. And right now, we are starting to pump, so this might give us enough fuel to hit the top of this range.”
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The oil surge is hitting massive resistance - while prices spiked 15% due to the Iran conflict, technicals show a clean rejection off a long-term parallel range, indicating a potential cool-off toward $103.
“I just am still seeing a little bit of bearish pressure here on oil and the fact that we rejected so cleanly up this parallel range. Makes me think that we're more than likely going to revisit at least the midpoint.”
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Nike has reached a deep-value accumulation zone - currently down 75% from its highs and significantly oversold, the stock is approaching a historical gap-low between $40 and $42.
“$40 to 42, really, really good accumulation zone for Nike, in my opinion. Look at that recent drawdown. I mean, that is oversold.”