BTC Correlation with S&P500 Soars Over the past month, the correlation between BTC and SPX has...BTC Correlation with S&P500 Soars Over the past month, the correlation between BTC and SPX has increased...

...little surprise that dollar weakness is giving risk assets a lift – the DXY peaked at the same time the SPX...If we extend the timeline, we find the SPX typically continues to trend higher in the 6-9 months following...the event too.The fact that this happened at a time when the SPX is >10% below its ATH is even more...

SPX, NDX, RTY) have been steadily rising amid these turbulent conditions....However, SPX is rallying out of the lows and appears to be making its first attempt at a reversal; the...September tends to be a challenging month for risk assets, and 2021 proved to be no exception; the SPX...

At its depths in mid-October, the SPX marked a 25% drawdown from its peak at the start of the year....The SPX also broke below its 200-week SMA in each of the last three recessions (including 2020)....In October, the SPX tested its 200-week SMA before rebounding >10%....peak after the SPX retested its prior high).

Equity markets continue to show resilience and strength, with the SPX grinding to new highs once again...Truth be told, the SPX has been in ‘up only’ mode since global liquidity conditions began reversing course...Since then, the SPX is up about 40%, with BTC up about 160% over the same time period, further cementing...

...plenty of room to run if the crypto market continues extending its gains.Major equity benchmarks, like SPX...And others are breaking out of their own consolidation patterns, like META.Net futures positioning on SPX...net short positioning.This is also one of the best seasonal periods for equities, especially when the SPX...

The SPX has printed fresh lows on the year as investors come to terms with this unwind....The next obvious macro structure support is likely 3250-3400 should SPX lose 4000; another leg lower...

Sheet) – (RRPs held by the Fed) – (US Treasury Account) When you plot this liquidity index against SPX...Interestingly enough, this relationship exhibits the same correlation of 93% that the USD Liquidity Index and SPX...

...traditional markets for a few moments, in “The Chartbook” for January 2022, we noted that the S&P 500 (SPX...The SPX is also in a battle to retake its 200-day SMA; this level (~4460) is just under the key resistance...The S&P 500 also looks vulnerable when looking at longer term momentum gauges; the SPX is flirting...

We haven’t seen the SPX make a meaningful breakdown below its 200-week MA, but a hard landing could change...We see a similar picture if we compare the SPX price action to its 2000 peak (using the September 2000...peak after the SPX retested its prior high).

On the technicals front, we saw an invalidated head & shoulders pattern after the SPX reclaimed 4300...; we’re also seeing a bullish RSI divergence for the U.S. benchmark SPX “death cross” is actually a bullish...

The SPX is down ~5% from its recent high, and there’s still some room for caution as equities look a...

The SPX is off the lows by nearly 13%, a sizable move for the equity benchmark....This recent rally has seen the SPX come right into higher timeframe resistance.

The SPX has printed fresh lows on the year as investors come to terms with this unwind....The next obvious macro structure support is likely 3250-3400 should SPX lose 4000; another leg lower...

And that is exactly what we saw to start the week in TradFi markets, with both the SPX and NQ puking...

When you plot it against SPX over the past two years, the relationship is striking.

Equity Futures Example – SPX: ES Mini SPX futures are one of the most popular instruments traded in financial...The above example is taken from the SPX futures markets, however the same concepts can be applied to...

The SPX finds itself within 2% of all time highs once again.

The SPX currently finds itself at the upper bound of the first resistance zone, R1....If we review the above, we can see that the SPX actually failed on the first test of this area, before...

Risk On, Risk Off BTC’s correlation to the S&P 500 (SPX) dwindled this month as the index rallied...But as BTC slowed down, its correlation to the SPX slowed, eventually flipping negative, and its correlation...