Solid action for indices with many enjoying higher volume accumulation. The S&P has enjoyed some of the best action since the 2025 lows. Technicals are net positive, but on a weekly time frame there there was a relative shift towards Small Caps (Russell 2000).
Bitcoin ($BTCUSD) managed a solid bounce off support, although it is dealing with ‘sell’ triggers in the MACD and On-Balance-Volume. In addition, the cryptocurrency is underperforming relative to the Russell 2000.
Strength of the Nasdaq will help Bitcoin (and/or vice versa). The Nasdaq, like the S&P, enjoyed confirmed accumulation on net bullih technicals. Relative performance has also been running in the Nasdaq’s favor for most of 2025.
WHile the Russell 2000 has been enjoying a period of relative outperformance, it hasn’t yet broken to new highs. It’s an excellent option spread trade given its position right on resistance. Technically, I expect this to break higher, but be ready for a reversal from resistance. This week also registered as accumulation like the Nasdaq and S&P.
Weekly charts avoid the noise and given that, the week was a solid win for bulls. Trade accordinly on the dailies; buy pullbacks and hold on gains. —
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Investments are held in a pension fund on a buy-and-hold strategy.
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