Bitcoin - GBTC on the longer term time frames is going to get interesting

I'm plenty long, so not a perma bear, but the VIXY is at the bottom of a channel with positive divergence on both the 5 and 14 RSI's

indeed, however how does that reconcile with the put/call ratio being so low?  we've got retail investors bearish, and the pro's (I assume buy more options) bullish?

if TLT is selling off, wouldn't it make sense for HYG to join in the selling party?  I realize the fed is buying HYG, but they have to slow down or stop at some point.  I also don't understand why TLT would sell off when we are kind of close to a top in the S&P or at least extended.  Shouldn't institutions be buying TLT?

GOLD just took out the highs from 14 Apr. on the futures contract.  funny, not a lot of the golds are necessarily believing it.  Stocks like KGC should be ripping.  I mean they are up a few percent but nothing like if they believed it.

QQQ's have had three doji days in a row if we close where we are today.  All gains from gaps.

Hi Matt, I have a bit of trouble entering pullback plays, any tips on procedure?  I'd like to see a trigger, do you just look for the last red candle to be broken to the upside and use a stop below the last red candle?  Thanks in advance.

Just from my personal experience, I have absolutely been humbled by how often a nearby gap will go off and fill it self (either with you or against your position).   Now i set quite aggressive sell targets if there happens to be a gap up above.  You never know you might get filled!   Here is an example.

how about we put a handle on that cup with a nice resumption of the bear market, that takes gold down again, but then mysteriously stops and with even more money printing and this time cash in consumers hands (not banks) we get asset deflation, but inflationary pressures on consumer goods.  With near negative rates for cash, and true inflation for the things we need, it would be the perfect storm for gold because you can't get 10%+ on your cash like you could in the 70's.

updated, not going anywhere yet..tommorow might be the day.

I like the BA idea today, breaking out of the 60 min chart.  However I feel we might be trapped here in a pennant on the 5 min for the rest of the day.  Thoughts?

There is a gap at ~300 (spy), the 30 week moving average at ~300, and theoretical resistance at 298 as well from major tops in 2019, and we are oversold on the slow STO.  I'll be watching ~300 intently.

co-incidence we are heading into the FOMC meeting and SPY is essentially exactly at 0.618 fib?  

any thoughts on the general market here as we play with the 287.30 top from April 20th?

sorry Matt this might be a silly question for those familiar with the BPT system, but is it long only? or do you use it to go short as well?

good eye, and the confluence of that resistance plus the recent downtrend line.  GDX broke out today above multi-year highs.  Will be curious how it ends the day.

rising wedge GDX, 5 min.

SPY officially over the 50 dma.  Very interesting that it was as Matt and Steve say, "extended from its 9 ema" and had to rest three days before convincingly launching over the 50 dma.  Another analyst I followed, noted the technique so as not to try and break resistance levels while extended and risk failing.  Very fascinating!!  These target levels are as well.  Would like to hear Matt and Steve's thoughts on the weekend.  Have a great one everybody.

may as well fill the gap here from 288

GILD at $85.44 post market (+14%)