In spite of some nice overnight weakness, the ES has managed to shave its losses down to almost nothing (by the time you read this, it could well be green), although it has been “scalloping” its way a little lower lately………
Whereas tech-heavy NASDAQ has been somewhat more reliably weak. This potential short-term double bottom is worth watching. If we can manage to snap that green tint, tech bulls might get a little more worried.
Funny enough, the “safe haven” these days isn’t gold (obviously!) but Bitcoin, of all things, which roared to a lifetime high and it almost up to $13,000 now. Here’s an intraday chart:
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