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

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...

The SPX did just record a two-day drop of >10% — only the 4th time that’s happened in the last 70+...

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

BTC has also broken out against the SPX…which is on track for one of its best years in the past three...The SPX is up nearly 30% this year.

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

And then the other side, something like, you know, SPX or Giga goes up into $100 billion with, with no...

(edit: as I was posting this, Ostium actually went live with SPX Perps!)...

...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...

Longer duration US Treasuries are now expected to be more volatile than the SPX in the coming months.

At the same time, risk assets are holding up well (SPX +7% YTD, HY spreads near the middle of their 1...

...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...

In fact, year to date BTC leads comparables at +69% versus ETH (+52%), DeFi Index (43%), and SPX (+4%...

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...

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).

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).

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...

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).

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

Interestingly enough, this relationship exhibits the same correlation of 93% that the USD Liquidity Index and SPX...