# Monday Live Stream US Market Open:
**Date:** 2026-06-21  
**Source:** [YouTube](https://www.youtube.com/watch?v=4Qw4SBmwKT0)

## Main Thesis
The market is at a critical juncture, with many instruments at key resistance levels, suggesting a potential for a significant pullback or consolidation, especially in equities, while the DXY shows signs of a potential breakout.

## Charts & Technical Analysis

### 1. SPX (S&P 500) (daily)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** ascending channel, potential double top
**Key Levels:** 5500 resistance, 5400 support, 5300 support

Atkinson notes the SPX is at the top of an ascending channel and a key resistance level around 5500. He highlights the potential for a double top formation and a possible pullback to 5400 or 5300. He mentions the market is 'overbought' and 'stretched'.

### 2. NDX (Nasdaq 100) (daily)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** ascending channel, potential double top
**Key Levels:** 20000 resistance, 19500 support

Similar to SPX, NDX is at the top of its ascending channel and a key resistance level around 20000. Atkinson points out the potential for a double top and a pullback to 19500. He emphasizes the market's 'overbought' condition.

### 3. RTY (Russell 2000) (daily)

**Bias:** NEUTRAL
**Pattern:** range-bound, potential breakout
**Key Levels:** 2050 resistance, 2000 support, 1950 support

RTY is consolidating within a range, showing relative weakness compared to SPX and NDX. Atkinson notes it's at a resistance level around 2050 and needs to break out to the upside to show strength. A break below 2000 would be bearish.

### 4. DXY (US Dollar Index) (daily)

**Bias:** BULLISH
**Pattern:** ascending triangle, potential breakout
**Key Levels:** 105.80 resistance, 105.00 support, 104.00 support

Atkinson highlights DXY's strong performance and its approach to a key resistance level at 105.80. He sees an ascending triangle pattern and a potential breakout to the upside, which would be bearish for risk assets and bullish for the dollar.

### 5. EUR/USD (daily)

**Bias:** BEARISH
**Pattern:** descending channel, potential breakdown
**Key Levels:** 1.0700 support, 1.0800 resistance

EUR/USD is at a critical support level around 1.0700. Atkinson suggests a breakdown below this level is likely, especially if DXY breaks out. He sees a descending channel and a potential move towards 1.0600 or lower.

### 6. GBP/USD (daily)

**Bias:** BEARISH
**Pattern:** descending channel, potential breakdown
**Key Levels:** 1.2600 support, 1.2700 resistance

Similar to EUR/USD, GBP/USD is at a key support level around 1.2600. Atkinson expects a breakdown, especially with DXY strength, and sees a potential move lower within a descending channel.

### 7. USD/JPY (daily)

**Bias:** BULLISH
**Pattern:** ascending channel, potential breakout
**Key Levels:** 159.00 resistance, 158.00 support

USD/JPY is approaching a key resistance level at 159.00. Atkinson believes a breakout above this level is likely, driven by DXY strength and the Bank of Japan's dovish stance. He sees a potential move towards 160.00 or higher.

### 8. Gold (XAU/USD) (daily)

**Bias:** BEARISH
**Pattern:** descending channel, potential breakdown
**Key Levels:** 2300 support, 2350 resistance, 2400 resistance

Gold is at a critical support level around 2300. Atkinson expects a breakdown, especially with DXY strength, and sees a potential move towards 2250 or lower within a descending channel. He notes the inverse correlation with the dollar.

### 9. Silver (XAG/USD) (daily)

**Bias:** BEARISH
**Pattern:** descending channel, potential breakdown
**Key Levels:** 29.00 support, 30.00 resistance

Silver is at a key support level around 29.00. Atkinson anticipates a breakdown, similar to gold, driven by DXY strength. He sees a potential move lower within a descending channel.

### 10. Crude Oil (WTI) (daily)

**Bias:** BULLISH
**Pattern:** ascending channel, potential breakout
**Key Levels:** 80.00 resistance, 78.00 support

Crude oil is showing strength and approaching a key resistance level at 80.00. Atkinson sees an ascending channel and a potential breakout to the upside, driven by geopolitical factors and demand.

### 11. Bitcoin (BTC/USD) (daily)

**Bias:** BEARISH
**Pattern:** descending channel, potential breakdown
**Key Levels:** 65000 support, 68000 resistance, 70000 resistance

Bitcoin is at a critical support level around 65000. Atkinson expects a breakdown, especially with DXY strength and risk-off sentiment. He sees a potential move towards 60000 or lower within a descending channel.

### 12. Ethereum (ETH/USD) (daily)

**Bias:** BEARISH
**Pattern:** descending channel, potential breakdown
**Key Levels:** 3400 support, 3600 resistance

Ethereum is at a key support level around 3400. Atkinson anticipates a breakdown, similar to Bitcoin, driven by broader crypto market weakness. He sees a potential move lower within a descending channel.

### 13. US 10-Year Yield (TNX) (daily)

**Bias:** BULLISH
**Pattern:** ascending channel, potential breakout
**Key Levels:** 4.30% support, 4.40% resistance, 4.50% resistance

The 10-year yield is showing strength and approaching a key resistance level at 4.40%. Atkinson sees an ascending channel and a potential breakout to the upside, driven by inflation concerns and Fed hawkishness. This would be bearish for equities.

## Regime / Cycle Analysis
Atkinson emphasizes a potential shift towards a 'risk-off' environment, driven by a strengthening US Dollar (DXY breakout) and rising bond yields. This would put pressure on equities, gold, silver, and cryptocurrencies. He notes the market is 'stretched' and 'overbought' in equities, suggesting a need for consolidation or a pullback.

## Key Calls & Predictions
- Expect a potential pullback in SPX and NDX from current resistance levels.
- Watch for a breakout in DXY above 105.80, which would be a significant bearish signal for risk assets.
- Anticipate further weakness and potential breakdowns in EUR/USD, GBP/USD, Gold, Silver, Bitcoin, and Ethereum.
- Look for continued strength and potential breakouts in USD/JPY and Crude Oil.
- Monitor the 10-year yield for a breakout above 4.40%, indicating further pressure on equities.

## All Instruments Mentioned
SPX, NDX, RTY, DXY, EUR/USD, GBP/USD, USD/JPY, Gold, Silver, Crude Oil, Bitcoin, Ethereum, US 10-Year Yield, TNX, XAU/USD, XAG/USD, BTC/USD, ETH/USD

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*Generated by FX Evolution Monitor on 2026-06-21 20:00:16*