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Just a "taste of 7th Key":

Friends, I hope you all have a wonderful Wednesday! As for markets, semi's continue to rule the roost, and all other things are secondary. To be frank, this is NOT a healthy market. I am convinced that they are "pinning" the price action for all of the IPO's that are set to come online this month. With that in mind, I am going to share a piece from Zereohedge, given the current situation. I found the article helpful and hoping you will as well. But before we get to that a quick update on what is happening before the bell.

EQUITIES:

U.S. stock futures were little changed Wednesday after all three major indexes closed at fresh records during the regular session. Futures for S&P 500 futures and Nasdaq 100 traded near the flatline, while futures tied to the Dow Jones Industrial Average lost about 187 points, or 0.3%. Late Tuesday, the Kuwait army said in a social media post that air defense systems were “intercepting hostile targets.” U.S. Central Command later said that American forces defeated Iranian ballistic missiles and drones, and they also carried out “self-defense strikes” on Qeshm Island “in response to attempted attacks by Iran across the Middle East.” President Donald Trump also said Iran agreed to not having nuclear weapons, but added “they can change their mind.” The major averages notched new record closes on Tuesday. The broad-based S&P 500 rose 0.13% to end above 7,600 for the first time ever, while the Dow added 228.91 points, or 0.45%. The Nasdaq Composite eked out a gain of 0.03%.

Trading desks kept a cautious tone as investors weighed the latest geopolitical headlines with corporate earnings and economic data still on deck for the week. Analysts noted that while the near-term catalysts may be mixed, the longer-term trajectory for equities remained supported by expectations of continued monetary accommodation and improving fundamentals in several sectors. Market participants will be watching for inflation indicators and company guidance to gauge potential shifts in risk appetite.

In overseas markets, shares edged higher in Europe while Asian equities traded in a narrow range, reflecting a shared sense of caution ahead of upcoming policy signals from central banks and government officials. Treasuries nudged lower in yields as investors reassessed the balance between risk and reward in a climate of evolving geopolitical tensions and earnings momentum. Traders continued to monitor currency moves and commodity prices for signs of shifting demand dynamics, with oil trading in a tight band as markets reassess supply projections and demand outlook.

BITCOIN:

Let me make abundantly clear, as if I haven't already. THE low of this cycle is NOT in. Bulls main objective is defending the last swing low of $60K. Me? I don't think it holds. As I have shared here and on social media, the sine line and hurst cycle has call EVERY top and bottom for Bitcoin since inception. And as such, I am not going to deviate from my own thesis that Bitcoin and the rest of the cryptocurrency market will not bottom until sometime later in the 4th Quarter. Until price is above key moving averages, you are fighting an uphill battle attempting to long here. While this might upset some, it will save many a lot of heartache if they allow cycles to simply be what they are.
This chart was presented to our community literally one week after the top was in. I made it clear as I could then, and I am making it as clear as I can now, THE LOW IS NOT IN. When we get to the trough low of the Hurst cycle, we can get more constructive. NOT UNTIL! And that is all I have to say about that.

CHART OF THE DAY:

Since we have covered the core of futures down (with the exception of semis) and Bitcoin down, let's talk about the elephant in the room: Multi Trillion Dollar IPO's set to trade in literally a couple of weeks. While most view this as a new paradigm, I view it as marking the end of an existing one. How market trade POST LAUNCH will be what dictates if we get to the 8500 and 9100 targets we have presented to our Members. Given the mechanical nature of this market, I don't second guess much. However, I am also worried that the higher we go the more destruction that can happen after. These are my OPINIONS, and that is all they are good for. However, even you know that this has gone on faster and further that makes sense. We are living in dangerous times, and up tape notwithstanding, I am concerned about what lies on the other side of the narrative that Wall Street keeps touting. Regardless, here is a piece that I do believe you will find somewhat helpful in how to navigate the current environment we find ourselves in today!

(If you want to read the rest of the story, link is in Bio)

For what it is worth, this is just a piece of our daily update. I go through TA, Macro, Equities, Forex, and trade set ups. But I felt it important to let my social media followers get a taste of the actual content being delivered. THE BEST PART? Community. We have a high IQ group that shares and are all about winning. So, if you ever get the feeling you want "more", give 7th Key a shot. You won't be disappointed. Lastly, X won't allow me to post the entire Morning update. That is how "rich" the level of content is. Charts, commentary, and making money. That is what it is all about!