9.30 New highs are getting weaker 1. Looking at BTC's daily chart and the S&P's weekly chart, it's clear that the magnitude of new highs is getting weaker. This is also true for heavyweight stocks like NVIDIA. This is a characteristic of the late stages of an uptrend. Of course, this divergence might occur multiple times before triggering a downturn. 2. September CPI will be released tonight. With consecutive rate hikes and the midterm elections in November approaching, the strength of U.S. stocks can be attributed to Trump continuously doubling down on AI. If the election is lost, AI and crypto will be the first to take a hit.