Russell 2000 Entering Price Discovery...MAJOR ALTCOIN SIGNAL!
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The Russell 2000 is breaking out of a multi-year range right as QT ends and the PMI approaches expansion territory.
This is the same setup that preceded every major risk-on rotation going back decades. Small caps lead. Then crypto follows.
But there's one thing I can't stop thinking about.
Last cycle, we had this exact setup in late 2019. QT ended. PMI was turning. Russell starting to move. The ingredients were there.
Then March 2020 happened...
I'm not predicting a black swan. But I'm also not ignoring that the most parabolic moves came after one.
Either way...whether we get a clean business cycle expansion or something forces even more aggressive policy response, the macro is pointing the same direction.
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
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