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SOX had a weekly DeMark Sequential-9 sell this week

·         Could it mean something? Yes.

·         Could it be early? Yes, sometimes it is early, but usually a correction follows.

Semiconductors and AI-Related Stocks Dominate S&P 500 Gains

Semiconductors Special (to follow)

SOX has never been this extended above its 200-month moving average.

The S&P 500 ($SPX) formed a doji on Friday.

A doji candlestick often signals indecision or a pause, but after an extended trend, it can also indicate a potential reversal.

Where is Crude Oil (CL) headed?

Are we seeing a bullish or bearish triangle?

I'll post the latest cycle analysis later. It may provide hints.

BofA Bull & Bear Indicator pushed higher in Extreme Sell

Interesting data point, while I am analyzing charts

USDT.T Weekly Golden Cross & Potential Higher High

The USDT.D chart is on the cusp of a Golden Cross of the 50/200 weekly SMAs. These often appear before new uptrends

USDT dominance rising is associated with drawdowns in crypto

You can see bottoms in USDT.D are anti-correlated with Bitcoin tops

Historically, Bitcoin bottoms when USDT.D sets a new all-time high

There hasn't been a new high in USDT.D this cycle. If the Golden Cross is pointing to more uptrend in USDT.D, it could mean much more downtrend in Bitcoin and crypto

Dow Jones Daily Chart Counts

• Green and Orange counts were discussed earlier on the intraday chart
• There is also this Blue count possibility
• Orange and Blue will be invalidated below the corresponding horizontal lines

Note: Those new to EWT should understand that EW counts are not some definite predictors. Sometimes they are predictors, sometimes they provide multiple paths, some of which give you tradable setups with clear stops if another path/count prevails, and sometimes they are vague. But most of the time, they provide a useful context for our multi-pronged methodology that also comprises time cycles, Cycle price targets, and technical indicators.

Major monthly breakdown on ETHUSD/NDQ descending triangle

This is not indicative of a risk on envrionment and confirms the crypto bear market is about to heat up to the downside

It did look like debt markets were going to call time on the AI boom - we were seeing stress in Softbank and Oracle CDS. But the IPO market has come to the rescue. OpenAI and xAI will raise money and keep the part going. The good news, is this is helping the wafer trade. Sumco up another 20% today and 60% for the month.

North Korean forces where at Russia's victory day parade for the first time.

Relations between the two nations are developing very quietly.

$SQQQ - Another hedge, just because I'm about to close SDS (the other hedge) I feel like some selling could be coming. If this gets stopped this week then I'll also close SDS and just move both positions back to cash.