IncomeSharks

S&P 600 - This is almost relatable to crypto altcoins in a way where you hear about all these tokens doing well but then you feel like you were holding all the ones that didn't do well. This index tracks 600 smaller cap stocks.

As you can see over the past 5 years it's been in a giant channel. It has just kind of cycled without having a long sustained breakout which is what we would see in a true traditional bull market.

What this tells us which has been obvious is that a lot of people have derisked, the economy for most doesn't feel as strong, and it's really been like 30 to 50 stocks that have propped up the S&P 500 to keep driving it to higher prices.

Some indexes like this are even down because when all the good ones keep getting upgraded they leave the rest behind. This is one of the arguments suggesting we've actually been in a more neutral to bear market for majority of stocks and the downside has already essentially played out and we are waiting for a bull market rally that rises

$ETH - Got into the Ethereum trade at a good time. It's amazing that when you let OBV take emotions out of the trade you are forced to be more patient. Have been waiting for it to show any sort of signs of life and we finally get the OBV downtrend break, got through a low volume weekend, and here we are pumping up nicely to the next zone.

Would be awesome if this was the bottom but for now just playing the charts week to week and taking the information that is given to us.

$ETH - This chart is looking much better than I would have anticipated. We got such a clean FIB bounce and now I'm seeing OBV breaking out on the daily and price fliting with a breakout. It's showing more strength than Bitcoin and unless it gets a nasty rejection on like Wednesday or stocks have a bad week I'm starting to lean a little more bullish on it again. Might even consider jumping back in to test the waters.