Cashing in some chips in this casino 🎧 #684 (Jun 5)

P&F chart of Bitcoin above. This is produced by hard selling. It could hold $60k and fight back as it is overnight currently at $63,300. But if it truly loses $60k we could be on way to 3 handle.

As for SPY 695 is the line in sand for your oh crap signal

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$SPCX “At roughly $1.8 trillion, this one company is about half the total value of the entire S&P MidCap 400. On the figures at the end of January, it was larger than the whole S&P SmallCap 600. One founder-controlled company, set against four hundred or six hundred others. Keep that in mind. The slice being sold to you is tiny.

I have watched many IPOs cross the tape over six decades. I cannot recall one where the public’s picture of the business was this far behind the facts.

SpaceX lists on the Nasdaq on June 12. The ticker is SPCX. Most readers still picture a reusable-rocket pioneer. That picture is out of date. The gap between the picture and the reality is the most valuable thing you can understand before this prices.

Three facts have hardened from rumor into reality. Start with these…”

-Bill Cara

https://billcara.com/posts/the-observable-universe-of-spacex-spcx

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*Fraudsters abound on Substack Finance. Do not fall for scammers asking to participate in private investments etc. Report imposters via these instructions.

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