I just got a call back from the well regarded squiggler. He said he didn’t sleep a wink last night. Tossing and turning. Had a nightmare that Bitcoin broke $85,000 and ran straight to $315,000 with no pullbacks above 3%. Sweating and delirious. Says he is considering a long here.
I just got off the phone with one of the world’s most respected chart squigglers. He has averaged $92,000 of profit every year for the last 12. He says we are virtually guaranteed to see $40,000 Bitcoin in October. I hung up and placed a limit order to buy all the Bitcoins there.
Happy Saturday. As I mentioned last night in Joe’s space, I took my first ever 5%+ position in a public company while I was shooting long guns from 300 yards yesterday. We are preparing a 13G/D filing. It’s a brand new position. I have never spoken about it. Will share more soon.
$SPX Last two FOMC's in Oct and Dec visualized.
Some things to keep in mind:
1) All 6 FOMC's this year on the 2nd day when they announce rate hikes or not, the SPX was red that day. 4 of the 6 were quite large red days too.
2) Notice 5 of the 6 FOMC's (ex April's) we had either a dip heading into the FOMC or we had a dip post FOMC. Meaning there's volatility surround the event. April was the only one where it just kept trending higher pre and post FOMC.
3) November is a super strong bullish month. And I wouldn't really want to get ahead of the Santa Rally / Post T-Giving rally either.
4) Which basically means there is only a window left next month. October or bust for the bears for rest of 2026.