The #IWM / #SPY ratio is forming a major shooting star pattern on its 3-month chart. We're likely nearing the period when the S&P 500 begins to underperform #smallcap. This is a warning for #Mag7 #AAPL / #NVDA / #AMZN / #MSFT

The S&P 500 is now at a major area of resistance against the money supply (M2). $SPY / #SPX / #SPY / #SP500

The price of gold is believed to be manipulated down because of bad accounting whereby gold leased by the central bank is double counted to inflate supply and bring down the price. Since the full ledger of gold is obscured, this allows gold's price to be artificially suppressed by those who control its ledger and who have a vested interest in propping up the value of fiat currency over hard money like gold. However, this cannot occur for Bitcoin without the bad accounting being easily detected due to the fully public and decentralized nature of its ledger. This is why the #SEC has a major problem in approving a Bitcoin spot ETF. There is no easy way to manipulate its price down since Bitcoin's ledger is, by design, not easily controllable. The irony in all of this is that price manipulation is what the SEC has cited as a reason for its hesitancy to approve the ETF. Yet, the opposite is more likely the real reason for its hesitancy: the price of Bitcoin is resistant to downward manipulation against the dollar, which is what the SEC is actually concerned about. If they permit a Bitcoin spot ETF, then it undermines the entire fiat-based #TradFi system.

Here's a challenge for you: Figure out how to measure your investment portfolio's long-term performance using #Bitcoin as the unit of value measurement rather than fiat currency.

2023 performance #Bitcoin #QQQ #SPY #TLT

Here's the real reason why the SEC doesn't want a #Bitcoin spot ETF... No one would invest in the fiat system anymore.