By Licia Leslie
August 8, 2025
Hi Shoppers,
First of all, a great big thank you to everyone who emailed me their Peru stories!
I so enjoyed reading them.
It truly sounds like a magical place.
What is up with this market?
I thought for sure we were on our way to a big rally this morning but that didn’t last long.
Take a look at today’s candle on the S&P 500 Emini Futures chart:
It is a pretty good size highwave doji.
You know what the highwave doji signals don’t ya?
Mass confusion!
While Bitcoin continued to consolidate and wallow the entire second half of July, Ethereum took off:
This is great news for Ethereum coming out from behind the shadow of Bitcoin and taking on a life of its own.
Ethereum has now traded above my pitchfork resistance and looks primed to trade up to $4034 and possibly $4144.
Check out the calls in the iShares Ethereum Trust ETF (Ticker: ETHA).
Trade Review
Cameco Corporation (Ticker: CCJ) is still looking bullish to $80.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain