It was interesting to see how cryptos were spiking after our oh-so-important, oh-so-vital Federal Government shut its doors. It didn’t last, though, and we’re already seeing an about-face.
If that line in the sand at $13,000 holds, a measured moved (see tinted magenta range above) downward would put us at about $7,500 or so, which just happens to be where the next meaningful cluster of support is.
I’m much more interested, of course, to see what the ES and NQ reactions are when they open later today, given what’s going on in D.C. What a dork.
