Just noticed both traditional markets and crypto are having a solid run right now. The S&P 500 broke through that $7,000 barrier this week for the first time, and honestly it's been looking pretty clean with solid buying pressure behind it. Meanwhile the crypto market cap has climbed back up toward $2.2 trillion territory after sitting lower before.

What's interesting is how both are moving together - feels like we're seeing that risk-on sentiment come back across the board. The S&P's RSI is pushing toward 70 which is getting stretched, but crypto's sitting more comfortably around 60, which suggests there might still be room to run in digital assets even if equities are getting a bit extended.

The structure looks healthy too, with crypto showing a series of higher lows rather than just a random spike. Looks like money is rotating back into riskier plays across the board. Not sure if this momentum sticks around, but for now the macro setup seems to be supporting both equities and crypto pretty well. Worth keeping an eye on how long this alignment holds.