S&P500 breaks out into new ATH!
You know what that means. (see post below)

Everything is lining up for the perfect storm of bullishness.
The S&P500 is tied with its ATHs right now. If it breaks out that means a BIG MOVE UP is in store, since it’s breaking out of a big level— the previous ATH would be turned from resistance into support— and on a long time frame. That’s a huge catalyst for risk assets. (see chart)
Bitcoin is near ATHs as well. It has been holding this range and tightening consolidation. Bitcoin ETFs are among the stocks that will rocket upward. Basically a rising tide carries all boats. BTC will likely pump if the stock market breaks into new ATHs.
There’s likely going to be a “good news event” that coincides with this huge breakout of the stock market and bitcoin, that seems to explain it all. My guess is this will be the Fed announcement of finally dropping interest rates. Jerome Powell is under a lot of pressure and I think his hand is going to be forced.
We are probably not far off from this playing out. If and when it happens, get ready for a massive next leg up for risk assets.

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