The S&P 500 is up to start the day, but has another hurdle to pass. After bouncing from the rising trend line on the 1D timeframe, the market will need to look for a break above the $5,850s to confirm the breakout of a consolidation zone.

Unemployment claims also came in much less worrisome than expected by 16K less claims. That number should also provide some optimism in this slow news week for the USD which is down today on solid earnings and economic news.

-Frank

BTCUSD 4H Chart:

Price bounced nicely off of this level of support + 38.2% retracement

I like bitcoin a lot going into 2025. Risk on seems to be the prevailing environment...

Cooling inflation, fed easing interest rates, economy decently holding up with strong employment data.

Bitcoin absolutely trades off of fundamentals :)

- Nick

BTC has been a top setup for the last few weeks, looking for more upside and trailing stops from here.

Try the EdgeFinder 30 days with this application link: https://form.jotform.com/233167835217055

Tech stocks have topped Dow (US30) in terms of bullishness on the EdgeFinder. We are getting towards the end of the month which means seasonality for this asset is going to be much higher in a week from Friday. TSLA's earnings has the biggest impact on NAS100 which popped early this morning.

We will have to see if the rally stays or fades after the biggest one-day jump this year for the EV automaker. Put/call ratio is now heading lower towards a more neutral sentiment after rising into the a slight fear reading.
-Frank

Data From The EdgeFinder!
🔴 10% off code: TGVIP
🏆 Start Your EdgeFinder Trial

🎬 Watch Nick’s latest interview with Tori Trades! They dive deep into trading strategies and insights you won't want to miss. Check it out here: https://www.youtube.com/watch?v=zpCfv8gCeVk&t=757s

🚀 Ready to level up your trading? Open an account with the video's sponsor, Vantage Markets: https://shorturl.at/Lx3d9

Jobless claims came out softer than expected which added another notch to the bullish record of economic data. The market is still dropping however, as we near mid day. We could be giving back the gains we made from overnight trading after TSLA earnings.

Data From The EdgeFinder!
🔴 10% off code: TGVIP
🏆 Start Your EdgeFinder Trial

📊Welcome To The StockBox!

➡️Get Early Access and More Info Here: https://form.jotform.com/242264759859171

BTCUSD Daily Chart:

Great start on this one so far. I am looking for a break through the highs in order to trail stops into profit.

Commodities, bitcoin, stocks, all look healthy to me right now with the macro environment seemingly pointing to a soft landing story ending.

- Nick

😱 FREE EDGEFINDER ACCESS— Yes, you heard that right!

🎃 From October 28th to November 1st, we’re offering FREE access to the EdgeFinder—our market analysis tool that’s scary good at uncovering hidden market opportunities!

📈 Want to see how institutional traders position themselves? Curious about historical trends? Now’s your chance to explore all the EdgeFinder’s features completely FREE for one week only!

How to claim your free access:
1️⃣ Fill out this simple form.
2️⃣ Our team will reach out to set up your free access

But beware, this offer vanishes like a ghost on November 1st! Don’t let it haunt you—grab your free EdgeFinder access before it’s too late! 🕸

🌟 Happy Monday, traders!

Kick off the week strong—our lead traders Nick, Frank, and Chris are currently in active trades on BTCUSD, EURUSD, $IWF, and $GOOGL!

📈 Want to follow along and see every move they make? Join our VIP Discord and get real-time access to all their trades!

✨ Enjoy 10% OFF with code TGVIP when you join: Join VIP

Oil prices shoot lower after tensions in the Middle East ease. Lower demand in oil could result in another rise in stock prices, and the commodity will need to stay below the $70 threshold to keep optimism high. If oil can't hold above this current level of support, it may come down to test $65 again.

- Frank

The market rides on the back of tech stocks which are rolling out a fresh batch of earnings this week. Key companies reporting are GOOGL, MSFT, AMZN, AAPL and META. Investors are bracing for a heavy week of news, but indices are nearly unchanged mid day. The EdgeFinder still favors indices to the long side with NASDAQ being the most bullish. Investors are likely expecting solid earnings this week from big tech.

- Frank

Data From The EdgeFinder!
🔴 10% off code: TGVIP
🏆 FREE ACCESS THIS WEEK ONLY

Markets are mostly mixed on the indices now with RUSSELL as the only long position. Oil is also heavily bought by the crowd which has fallen 5% from last week's close.

Data From The EdgeFinder!
🔴 10% off code: TGVIP
🏆 FREE ACCESS THIS WEEK ONLY

Smart money has slowed down on indices, but NASDAQ is the only US index with a slight buy. The biggest positional changes are NIKKEI and USD to the long side, while the euro and yen are the top sold. This type of activity highlights the indecisive performance last week. Perhaps this week we will see a much larger change in how institutions have behaved.

Data From The EdgeFinder!
🔴 10% off code: TGVIP
🏆 FREE ACCESS THIS WEEK ONLY

Trailing stops into profit on BTC 🥳

- Nick

Trimming my stop loss here on EU. What a drop! 🥳
I will look to trail stops into profit if we can take out the 4H lows.

- Nick

Trading returns, last 1 year

Transparency is important, when selling a service.

We recognize that most signal services do not provide any sort of long term track record, and do our best to stand out by providing proven results!

Gold Daily Chart:

Bulls continue to dominate...

No sign yet of any bearish pushback.

Gold is having one of its best performing years in decades!