CRYPTO (CRYPTO)

Crypto + Macro Stuff I'm Looking At Today

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- $QQQ at $736

- Crypto still languishing

- Altcoin Season Index at 47 though interestingly... would have guessed it was lower...

- Iran situation still unclear...

- Quiet week in macro, PCE inflation data comes out Thursday

- Oil is currently at $73.59 but I still have not closed the short I opened around $100 as I think its going even lower...

- Also re: oil... Doomberg just grave a couple fantastic interviews on YT talking about the extent to which China has radically increased their oil equivalent energy production, and that this was likely a key reason oil prices did not go higher during the height of the Hormuz stuff, and that this is likely to push oil to crash even lower once the Iran thing is (potentially) finally over, as well as the ongoing bearish catalyst which is that natural gas is so ridiculously cheap and this is a huge pull factor on oil prices

- Net stablecoin movement onto/off-of exchanges deeply negative right now (link below)

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I really don't have all the answers guys and like I frequently maintain, I am no macro economist / analyst. But just looking at these collection of charts, is there anyone out there seeing this potential scenario?

With $GOLD & $SPX seemingly reaching macro channel tops (SPX has a little more room)
Could we see a bigger correction in Gold and a bigger range form for SPX while $RTY, smalls and Crypto go on a run and outperform? RTY has been printing yearly HPLs after a multi year down trend vs SPX and has already started to show some strength. Vs Gold it appears to have arrived at a macro support level with room to grow to the upside.

Do you see a scenario in which SPX goes flat, Gold corrects while small caps and Crypto have a run for sometime?

For a massive market wide crash scenario, obviously small caps and Crypto should fall harder, which is hard to see it do from here considering how oversold they are relative to Gold and SPX already?