Real Life Trading Blog
Yates CraigThe dip—which has taken longer to show up than I’d like—may finally be around the corner. It’s been about as elusive since April as Bigfoot, but the signs are adding up right now.
Yates CraigWhen the market is going up, it feels like it’ll never stop going up. When it’s going down, it feels like it’ll never stop going down. Well, as long as we’re printing trillions and debasing the currency, the market likely won’t stop going up over the long term—it just won’t be a straight line.
Yates CraigI’m not asking for much here. Just a humble 5–10% drop in the overall market to reset this incredible run and give us the legs to push even higher into 2026. Based on seasonality, the current run-up, and the pullbacks we saw in both July 2023 and July 2024, I still think a dip could arrive later this month or in early August.
Yates CraigSatoshi Nakamoto became the 12th richest person on Earth on Thursday, and I hope many of you became much wealthier as fellow Bitcoin holders. I’ve been covering BTC publicly for years, and every new all-time high is always fun to celebrate.
Yates CraigAfter watching more price action come in this week, 2018 is shaping up to be the most likely analog we’re tracking. That said, it feels like SPY is headed to $700 before August. And mathematically, it’s possible—just 18 more days in a row like Thursday’s 0.75% gain to make it happen!
Yates CraigSideways chop and consolidation has been the name of the game for the last two weeks. SPY has rejected the key 2015 analog target of $604 twice now and has closed below the 10-day EMA three times since last Friday. That’s notable considering SPY hadn’t even really tested the 10-day EMA—outside of a brief one-day dip on May 23rd—for two months, since the April 23rd gap up.
Real Life Trading Blog
Yates CraigThe dip—which has taken longer to show up than I’d like—may finally be around the corner. It’s been about as elusive since April as Bigfoot, but the signs are adding up right now.
Yates CraigWhen the market is going up, it feels like it’ll never stop going up. When it’s going down, it feels like it’ll never stop going down. Well, as long as we’re printing trillions and debasing the currency, the market likely won’t stop going up over the long term—it just won’t be a straight line.
Yates CraigI’m not asking for much here. Just a humble 5–10% drop in the overall market to reset this incredible run and give us the legs to push even higher into 2026. Based on seasonality, the current run-up, and the pullbacks we saw in both July 2023 and July 2024, I still think a dip could arrive later this month or in early August.
Yates CraigSatoshi Nakamoto became the 12th richest person on Earth on Thursday, and I hope many of you became much wealthier as fellow Bitcoin holders. I’ve been covering BTC publicly for years, and every new all-time high is always fun to celebrate.
Yates CraigAfter watching more price action come in this week, 2018 is shaping up to be the most likely analog we’re tracking. That said, it feels like SPY is headed to $700 before August. And mathematically, it’s possible—just 18 more days in a row like Thursday’s 0.75% gain to make it happen!
Yates CraigSideways chop and consolidation has been the name of the game for the last two weeks. SPY has rejected the key 2015 analog target of $604 twice now and has closed below the 10-day EMA three times since last Friday. That’s notable considering SPY hadn’t even really tested the 10-day EMA—outside of a brief one-day dip on May 23rd—for two months, since the April 23rd gap up.
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