According to @52kskew, S&P 500 E-mini futures ($ES) are showing an after-hours bounce, with BTC bouncing alongside equities in a macro-driven move. Source: X post by @52kskew on Nov 18, 2025. He adds that lower volatility and reduced USD demand tend to support relief rallies in risk assets. Source: X post by @52kskew on Nov 18, 2025. Conversely, sustained volatility and persistent USD demand indicate risk-off conditions where bounces are typically sold. Source: X post by @52kskew on Nov 18, 2025.