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Cash Bitcoin and IBIT Update: On February 5, 2026, when BTC was trading at 69,322, this is what we discussed about my Big Picture Weekly Chart Setup:My Weekly BTC setup indicates that the 70,000 down to up-sloping 200 Week MA, now at 58,085, is the potential bull-bear-battle Turn Zone that will be played out over a 4 to 6 week period, likely the requisite timeframe for WEEKLY Momentum to bottom, create a positive divergence, and then turn up...
With the futures not making any lower lows yet, and understanding that a truncated ending diagonal is a rare occurrence, the greater probability seems to suggest that there is another lower low sitting out there for the ES, and hence, the SPX potentially as well.
Price structure suggests Petrobras shares could climb toward $24 before sentiment begins to shiftHeadlines have not been particularly kind to Petrobras. The price has not seemed to care. Since late 2025, PBR has climbed steadily from the low $11s, and the structure of that advance suggests sentiment — not news flow — may be in the driver's seat.While oil markets typically dominate the discussion around Petrobras, the company itself is a complex enterprise whose stock price reflects far more than crude prices alone.Petrobras—formally Petróleo Brasileiro S.A.
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