A.M. Look 7/8/26

Many instruments are coming b ack to their respective 200 DMA’s.

Yesterday it was NVDA ” 191.37″ and it’s again coming into that critical hold level.

For the past two weeks it was XOM bouncing off its 200 DMA.

Oil has been basing off its weekly cloud.

Use 75.72 for an initial extreme. Refer to your past sheets for Matrix #’s.

Oil up = Gold & Silver down. 82.42 is a weekly gap it can go and retest.

The operative question for today is it a mid-week low?

Nasd spreads have all bounced a bit off cloud and mvg avg support.

Bonds are at a must hold level. “Noon Fed minutes”

Spoos…yesterday, 7525 was the level the Bulls were defending.

Today that # will be 7462.50.

Spoo/Bonds are flashing ORL from it’s initial upside qtrly swing count.

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