The S&P 500 is at all-time highs, but institutions rushing the SpaceX and ChatGPT IPOs, a rolling-over Bitcoin, weakening NVIDIA and Walmart, and a deteriorating advance/decline line are flashing warnings. Gareth Soloway walks through the daily, monthly, and 40-year logarithmic charts to map where the next inflection point hits.
Bitcoin (BTC) is trading down today at approximately $74,688 (roughly €64,730), experiencing a 24-hour decline of about 2.5% to 3.3%. The price hit an intraday low of $74,290. This downward pressure stems primarily from $2.26 billion in spot ETF outflows over the last two weeks, alongside macroeconomic headwinds.
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Time stamps
00:54 S&P 500 daily — higher high or lower high?
02:25 SpaceX & ChatGPT IPO rush — institutional warning signal
03:50 S&P monthly: biggest bubble in human history?
05:14 Logarithmic trendlines back to 1982 & 2009
06:52 Oil wedge breakdown + geopolitical read
07:57 Bitcoin rolling over — the leading risk indicator
08:43 Gold & silver acting like risk assets
09:35 NVIDIA & Walmart: leaders losing leadership
10:18 Advance/decline weakness & rising 52-week lows
11:21 Sponsor — Rumble Wallet
12:28 Final thoughts: cracks emerging beneath the highs
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