In sharp contrast to the past couple of weeks, the market is pretty quiet this morning, with the /ES up one-tenth of a percent as I am typing this before the opening bell. As a comment cleaner, let’s just take a quick peek at the two key crypto coins.
The big boy, Bitcoin, is down quadruple digits, and it has turned away (hopefully for good) from the resistance line, which it didn’t even manage to reach.
Tom Lee’s honey, Ethereum, is even weaker on a percentage basis. For the moment, neither of these tumbles is producing any red for equities, but give it time.
Please note that comments search is happily up and running. It was a very minor issue, and we’ve fixed it for good. Time to start the trading day, everyone!
