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Stocktwits Chart Art: June 05, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 05, 2024
STOCKTWITS CHART ART: JUNE 05, 2024
The Stocktwits Summary 📝
Technology stocks led the market to fresh all-time highs as Nvidia joined the exclusive $3 trillion market cap club. Meanwhile, traders anticipate a broader crypto breakout, given that Bitcoin and Ethereum are consolidating near their recent highs. 🦾
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+1.19%) | Bullish (61) | High (61) |
$QQQ (+2.02%) | Bearish (39) | High (66) |
$IWM (+1.59%) | Bearish (43) | High (58) |
$DIA (+0.26%) | Neutral (54) | Normal (46) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwits’ top Trending symbols:
CHART OF THE DAY
Bitcoin Awaits A Breakout Catalyst ⏱️
With tech stocks ripping and interest rates dipping, crypto enthusiasts are anticipating a major breakout coming in the crypto market.
Stocktwits user @BretKenwell was one of several traders sharing their view of Bitcoin’s recent consolidation near all-time highs. However, prices are seemingly awaiting a catalyst to get going, with Bret suggesting approval of a spot Ethereum ETF could be the next thing to drive demand in the space. 🤔
MicroStrategy Sets Up For A Monster Move ₿
Meme Coin Floki Is Low-Key Mooning 🚀
