The only asset class with bullish readings across all four monitored time frames is U.S. Technology.

Key Observations:

  • U.S. Technology (QQQ): Continues to lead with strength. Price is rising away from both its 21-day and 200-day moving averages. Key resistance remains at $539.15.

  • Gold: Bullish in 3 of 4 time frames, suggesting a growing preference for safety amid rising uncertainty.

  • GBTC (Grayscale Bitcoin Trust): Risk appetite may be fading, as GBTC has declined below its 21-day moving average, going to red on the Micro Term. The next key support level is the 50-day moving average at $74.97.

  • Global Equities ex-US (SPDW): Showing mixed signals. Micro-Term relative performance has turned negative, hinting at short-term weakness despite longer-term strength.

Takeaway:

The PRISM Report continues to highlight a potential market inflection point. With QQQ fully bullish and Gold strengthening, investors appear divided on the direction of the economy. Risk-on signals are narrowing, while defensive assets are quietly gaining momentum.

Term Breakdown:

  • Micro Term: 7 Days
  • Short Term: 21 Days
  • Medium Term: 63 Days
  • Long Term: 200 Days