S&P futures are green with tech ripping +1.60% overnight, but crypto is sitting in Extreme Fear at 23 while Bitcoin slides toward $74,645. Here's what I'm watching into the open.
Overnight the S&P tagged $7,022.95 and is pushing toward what I see as the next meaningful resistance band at $7,050–$7,075. Tech dragged the index higher — +1.60% is not a quiet session, that's a sector with real conviction behind it. Consumer discretionary backing it up at +1.49% tells me this isn't just a rotation story, there's actual risk appetite here. The Fear & Greed Index sitting at 56 (Greed) confirms it — not euphoric, but leaning long. I'm not fading this tape.
The divergence I can't ignore: Bitcoin at $74,645 with Crypto Fear & Greed at Extreme Fear (23). That's a screaming mismatch with what equities are doing. Either crypto snaps back and confirms the risk-on move, or it's the canary. I'm not adding to my BTC position until I see it hold $74,000 cleanly and reclaim $76,500. Below $74K and I think we test $71,500.
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