After the 3% sell-off, the media blamed the Delta variant … The only problem was its old news. It’s there it’s not getting better but the market doesn’t care.
Yesterday rising support held and markets recovered all day. Inflation is still rising, Delta is still spreading. The market doesn’t care. The real story is always in the chart.
Congrats to Jeff Bezos and Blue Origins for a successful space flight. It will be exciting to watch as space travel comes down in price.
Bitcoin is back above $30K, but not in any convincing way. The death cross is in. Still looks bearish to me at this key support level.
I’m risk off.
*NURO is on watch
LXU has resistance at $7.50
OTC (on watch, no levels):
DPLS, NLST, LKNCY, LCLP, ENZC, NSAV