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ES Pattern Observation: The Alfred E Newman in me (What Me Worry?) is concerned that yesterday's post-market up-spike on arguably the best news yet, concerning an end to the war, was a bit anti-climactic.By that I am referring to the magnitude of the upside pop-- about 72 points (shown by the bright blue oval on my attached chart), compared to this past Monday AM's pop from around 6508 to 6748, or 240 points (shown by the dark blue oval).
Bitcoin: 2026 Roadmap updateFor the past few weeks since the February low, the focus of these articles ,regarding the lower timeframe patterns, has been the prospect of breaking out of the multi-week consolidation and retaking the $74k level.In this past week, price briefly broke out of the consolidation, clearing $74k~, reaching an intraday high of $76k on Monday night.
Most everyone seems to believe that the spike we got in the markets at the beginning of the week was because we were going to negotiate a deal with Iran to bring the war to an end.Today, Iran rejected the proposal we put on the table. So, why is the market still green . . and almost by 1%??????IT is these inconsistencies in these mechanical paradigm views of markets that should make you question your beliefs as to what drives markets.
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