Patrick Karim: SpaceX perpetual futures indicate weak short-term market outlook

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Ashutosh Sureka

1 hour ago

Patrick Karim: SpaceX perpetual futures indicate weak short-term market outlook — SpaceX futures weak on short horizon

Patrick Karim, technical analyst at Technical Traders Ltd, highlights concerns about the short-term direction of SpaceX perpetual futures and the related synthetic market.

Karim suggests current trading patterns in these instruments are unfavorable over very short time frames.

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Karim has raised caution in other commodity markets in recent months. He noted that copper is not yet outperforming stocks, indicating the metal’s bull run has not begun. He also expressed concerns about the strength of the ongoing silver rally, citing unresolved issues on the monthly chart.

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