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Canton Cat, MD, PhD (real). Market Watcher. Meow. Profile picture
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Aug 5 • 4 tweets • 3 min read
#QQQ #NASDAQ #NDX

I'm not saying makes sense
Indeed, this is crazy
But you have a full bull trend on the daily
Above 100 DMA

Big money is going to buy the dip
Not financial advice
You know what rallies hard?

A hated rally.
As of 11:25 AM Eastern Standard Time
#QQQ is testing 5 DMA at around 319.20
Bulls are trying to defend.

We will see if support holds.
If it holds, very bullish
If it doesn't, it could test 313.6 (100 DMA)

#NASDAQ #NDX
#QQQ defended the 5 DMA on a full daily bull trend as of 12:19 PM Eastern Standard Time, in the face of that job report as a strong negative catalyst.

This is a possible sign of irrational euphoria to come.
Keep watching price action.

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More from @cryptocantoncat

Canton Cat, MD, PhD (real). Market Watcher. Meow. Profile picture
Aug 6
1/
 The US market's rigged.
It'll go way higher until the entire United States collapse.
You're better off being a perma-bull than a perma-bear.

#SPX #NDX #IWM #BTC #ETH 🧵
2/
 They have forced liquidity into bonds and equities since the 70’s.

1971 - Nixon took us off gold standard, forcing money to flow into bonds and equities

1978 - 401K was created. Companies no longer offer pension, forcing workers to invest in volatile market for retirement Image
3/
 Because our assets and retirements are tied to the market, and because of rising national debt from irresponsible spending, we have no choice but to print money to prop up the system and keep us happy, while reducing rate to slow down national debt from going out of control. Image
Read 17 tweets
Canton Cat, MD, PhD (real). Market Watcher. Meow. Profile picture
May 19
I've been saying this since March 2022.

#Bitcoin has been following the small cap indexes such as #IWM and #Russell2000 very closely since September 2021.
They are the first ones to get hit.

Large caps #SPX #QQQ got hit later.

🧵/1

That remains true all the way to today.

#SPX correction is lagging behind and is playing catch-up with correction.

When influencers ask why #Bitcoin is holding better than #SPX and #NDX #NASDAQ, this is why.

🧵/2
Small caps are way oversold at ridiculously low valuation historically. A P/E of 12! Are you kidding me?

If small caps #IWM and #Bitcoin are correlated, and if #IWM valuation will normalize back to higher valuation, #BTC rises.

🧵/3
Read 5 tweets

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