Today is the last Monday of the quarter (Q3):
And we are way overdue for a correction.
I'd be looking for an early October re-balancing, and perhaps the looming government shutdown will be the catalyst for a sell-off?
$USD continues to be hammered quite aggressively, and if you're trading precious metals, or Crypto, you're going to want to keep a close eye on the 98.50 level. If you chart the 2 year view, you'll find it consolidating in a very bullish looking down-turned wedge (or Triangle) pattern, and I'll bet we see a massive short squeeze in the $USD, before year end.
We saw Ethereum body slammed on Thurs. of last week, as the 2X bear $ETHD was driven to the 50 day ma.
$ETHD (Leveraged 2X Ether bear)- This is too hot to touch, so I'd be looking for a cooling off period as I said in the last update.
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$BTC Bitcoin tests 112k resistance. - I think this has further to fall ,and I'd be looking for support around the 20 day moving average on $IBIT (the Bitcoin ETF).
Gold Miners - the 10 month winning streak isn't even mentioned by Bloomberg - weird...
Gold bugs are up 8 months in a row. $SPX only 5... @BloomvergTV @bsurveillance pic.twitter.com/Oct6uu55yv
— Veteran Market Timer (@3Xtraders) September 29, 2025
I was out of town on Friday, but reviewing the tickers, I see the top 3 holdings continue to lead the $GDX
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$GDX top holdings $AEM, $NEM, & ABX.TO Barrick ($GOLD/ also $B), all hit new highs.
Markets are mixed
The Broader market remains weak, and at the same time we're seeing high beta stocks still trading at/ near new all time highs, we're seeing investors seek safety in Utilities, and financials. Watch for that re-balancing I mentioned near the beginning of this piece.
Take care,
AA
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