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S&P 500 bumping into overhead resistance 7,000 – 7,020 yesterday (good spot for our taking of swing long profits), and today premarket positioning for nimble intraday clients (short Nasdaq) was also a winning one – but one had to be fast, and have real-time access to all my thoughts (swing and intra
💡 DMK Insight
ADA’s current price of $0.26 is a crucial level for traders to watch. With the S&P 500 hitting resistance around 7,000 – 7,020, market sentiment is shifting, and ADA could be influenced by broader equity movements. If the S&P fails to break through that resistance, we might see a risk-off sentiment that could drag ADA down further. Conversely, if the S&P breaks above, it could provide a bullish lift to ADA as investors seek alternative assets. Traders should monitor ADA’s support levels closely; a drop below $0.25 could trigger further selling pressure. On the flip side, a rally above $0.28 might attract buyers looking for a rebound. Keep an eye on intraday movements and be ready to act quickly, especially with the volatility we’re seeing in the Nasdaq and broader markets.
📮 Takeaway
Watch ADA closely; a drop below $0.25 could signal further downside, while a break above $0.28 might attract bullish momentum.
