Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
Good Wednesday Morning, MPTraders! September 9, 2026-- Pre-Market Update:-- While we await the next round of PPI (Thursday) and CPI (Friday) Inflation Data, the elephant in the room is Crude Oil, which took out-- and is trading above-- $95.00, a key 4-month resistance plateau...My attached 4-hour chart shows the upside breakout price action that sits atop a potentially explosive Cup and Handle or Saucer Bottom technical structure that projects a next immediate target of $100, a secondary target of $110, and a tertiary target of $118 to $122. From a near-term technical perspective, to inflict some damage to the dominant post-8/26/26 upleg ($79.62 to $95.
Most funds don't tell you what the crowd is feeling. You have to work it out from how price moves.Destiny Tech100 is different. Four times a year it publishes what its holdings are worth. The stock trades against that number every day. The gap between the two is a sentiment reading you can put on a chart, and for most of this fund's life the gap has been enormous.In April 2024, the stock closed at $99.79 against a book value of $4.84. Buyers were paying roughly twenty times what the assets were worth. That's not a valuation. That's a crowd.
We certainly did see downside follow through as we generally expected, but the fact that the SPX/ES refuses to really break the recent support region of prior lows is leaving me seriously questioning any potential downside follow through.In truth, the manner in which we are currently set up would normally point us to the lower end of the support box below. But, the fact that we have not broken down yet does leave me concerned about that follow through.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
