Weekly Analysis for SPX NQ VX RTY YM BTC

2 Sep

My general thoughts on the market for the week ahead. We have a lot of consolidation and critical areas being tested right now, which leads me to believe there will be a big move once it breaks. The question right now on everyone's mind is do we double top or make a new ATH. I'm in the double top camp for now, but that doesn't mean it's all over for bears if we have one rally to a new ATH for a couple of weeks. There's no reason to think it's impossible to keep rallying from here, I just think it is unlikely. We'll find out soon enough.

Don't forget about this week's economic data releases and earnings reports. It's a short week, but I see a lot of potential opportunity and there are plenty of catalysts for market reactions.