Good Morning!

Welcome back to TradingLab - where we sift through the market noise so you don’t have to. Futures are grinding higher, everyone’s nervously eyeing the Fed, and half of Wall Street is pretending they understand what the delayed PCE print actually means. Cute.

Meanwhile, sentiment data, media mega-deals, and geopolitical tension are all quietly reshaping the landscape… but don’t worry, we already pulled the signal out of the chaos for you. And yes, crypto is heating up too, BTC and ETH are positioning for their next big move, and Sherlock’s been all over it.

If you want the sharp version of today’s market, no fluff, no guessing, just keep reading. The good stuff starts now.

Futures are drifting higher this morning as traders await a pair of key data releases that could lock in expectations for a December Fed rate cut. Odds of a quarter-point trim remain elevated, with markets leaning on secondary indicators after the recent U.S. government shutdown muddied the flow of official data.
→ Context: PCE + consumer sentiment preview

Tech sentiment is firmer, with Nasdaq futures outperforming ahead of the delayed PCE inflation report, which is expected to show core inflation holding near 2.9% YoY. While the September-dated figures lack immediacy, they’re still one of the last major inputs before next week’s Fed meeting.
→ Background: Why PCE matters for the Fed

Traders are also watching the University of Michigan sentiment survey, a fresher gauge that could reveal whether consumers are thawing after last month’s slump to a 3½-year low. ING expects a modest rebound as holiday spending ramps.
→ Preview: UMich sentiment expectations

Media headlines are lively: Netflix has entered exclusive talks to acquire major studio and streaming assets from Warner Bros Discovery, including HBO and DC properties, a deal that would instantly elevate Netflix into a Hollywood mega-studio. Shares of WBD ticked higher in after-hours trading, while Netflix slipped on concerns over price, integration risk, and antitrust scrutiny.
→ Deal coverage: Netflix–WBD negotiations
→ Industry reaction: Producers lobby Congress to block deal
→ Analyst take: Investors uneasy about the acquisition

Oil is steady after yesterday’s climb, with Brent hovering near $63 and WTI just under $60. The lack of progress in U.S.–Russia talks on a Ukraine peace framework continues to keep a risk premium in crude, even as traders eye a potential Fed-driven boost to global demand.
→ Market move: Oil steadies on geopolitical tension

Bottom line: Markets are in a holding pattern. The next few hours of data, PCE, consumer sentiment, will likely dictate how aggressively traders price in next week’s rate cut. Meanwhile, the potential Netflix–WBD megadeal is injecting fresh volatility into media names, and geopolitical friction is keeping energy markets on edge.

Stablecoin Dominance finally cracked support, and while some correlated charts are still dragging their feet, the big dog (TOTAL index) closed back above the key $3T level. That’s the kind of reclaim that usually precedes expansion, not contraction.

Bitcoin printed a daily close barely over $93K, signaling that the recent compression is more likely bullish coiling than weakness. A 3D confirmation opens the door straight to $98K+.

Ethereum, meanwhile, pulled a decisive reclaim on TOTAL2, a level that simply doesn’t fake out often. Combine that with a major trendline break, and suddenly a fill into $3100 looks like a setup, not a dip to fear.

Sherlock’s odds, 65–70% higher, line up perfectly with the structure. Bitcoin is pressing into resistance like it’s ready to break something, and once it gets above on higher timeframes, the $108K–$112K targets stop sounding crazy and start sounding inevitable. Until then, patience > chasing.

Ethereum looks even better. Structural reclaim? Check. Trendline break? Check. A roadmap to $3700–$3800? Very much on the table. Dynamic resistance exists, sure, but momentum tends to bulldoze diagonals when the market wants to trend.

Big picture: This is the calm before the impulsive candles, and most traders are always late to recognize it.

Sherlock drops plays like this every single day inside TradingLab, before the rest of CT starts tweeting about them.
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