Earnings Week and Bitcoin Update

$V $UNH $SOFI $BTC

Hello traders,

A very intense earnings week is starting, with the FOMC meeting just around the corner. JPM expects the end of quantitative tightening along with a rate cut, which is already priced in by the market.

The market also feels relieved due to slight de-escalation in U.S.-China relations, with SPX trending higher. On Sunday, U.S. and Chinese economic officials outlined a trade deal framework for Presidents Trump and Xi to finalize later this week, pausing steeper U.S. tariffs and Chinese rare earth export controls. Rare earth charts look like a crime scene last week and today. U.S. Treasury Secretary Scott Bessent said talks at the ASEAN Summit in Kuala Lumpur eliminated the threat of 100% U.S. tariffs on Chinese imports starting November 1 and expects China to delay its rare earth minerals and magnets licensing regime by a year for reconsideration.

We’re skeptical about how long lasting this agreement will be and there’re many gaps to fill on the SPX chart, but for now the market is bullish and likely to continue higher as bearish concerns about a bubble start to fade. We’re providing SPX trading levels below.

We’ll also provide new levels on Bitcoin as they’ve shifted a little bit today.

As promised, for our paid members we’ll analyze the most mentioned stocks by looking at options Greek exposure and supply demand/levels. We’ll also share two additional daily trading ideas at the end.

Let’s start with UNH 0.00%↑