A quick Friday intraday roundup from Tim Knight. Two price gaps opened above the S&P this week, one between Monday and Tuesday and another between Wednesday and Thursday, and he treats both as overhead resistance rather than noise. The same pattern turns up in gold, the miners and the Nasdaq.
He also explains why he thinks most of the crypto move is already behind us, with bitcoin and ethereum both approaching levels that have capped them before, and why Nvidia's report next Wednesday matters more to the broader tape than to its own chart. His views are his own.
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Chapters
00:00 Two price gaps this week
00:38 Gold and the miners stall
01:17 Where crypto sits long term
01:54 A firm base near sixty thousand
02:33 Ethereum has resistance too
03:05 A ...