Market Summary: SPY and QQQ experienced consolidation today but saw a strong recovery intraday. $BTCUSD continued its impressive bull run, boosting confidence in the crypto sector. NVDA formed a double top near its all-time high, creating a point of interest for technical traders. $SHOP reported a strong earnings beat, resulting in a significant bullish move. $TSLA saw a consolidation day as it took a breather from recent price movements. Tomorrow’s CPI release and Powell’s upcoming comments are key market catalysts to watch this week.
CPI Nail Biter!
Market Summary: SPY and QQQ experienced consolidation today but saw a strong recovery intraday. $BTCUSD continued its impressive bull run, boosting confidence in the crypto sector. NVDA formed a double top near its all-time high, creating a point of interest for technical traders. $SHOP reported a strong earnings beat, resulting in a significant bullish move. $TSLA saw a consolidation day as it took a breather from recent price movements. Tomorrow’s CPI release and Powell’s upcoming comments are key market catalysts to watch this week.