The US market will open again today, and our focus will shift back to the S&P 500 Index and Nasdaq. This is also crucial for cryptocurrencies. Over the past few days, we received positive inflation data and downward revisions to employment data over the weekend, and the New York market has yet to react. We will see if there is a response today, although the dollar has remained strong over the past few days.

As explained on Friday, the daily OBV of SPX has broken down on the 1-day chart, adding consensus for a short-term pullback in the index. We have already discussed the bearish divergence on January 5th. The good news is that it partially reset around the 50 level, but if this support is lost, it could fall to oversold levels, which would present good entry opportunities for stocks and possibly cryptocurrencies.
Since December, individual stocks have been impacted, with multiple warning signals issued, but we are still waiting for a slight correction in the index to build greater confidence for new stock trades. We will increase holdings beyond RIVN and add more stocks. Remember, cryptocurrencies have never historically bottomed out at the same time as the S&P 500 during all-time highs, so such declines are also very important for establishing a macro bottom in cryptocurrencies.