A.M. Look 11/19/24

It’s tomorrow into
Thursday.

I’m expecting more range bound trading today.

Precious metals had a nice bounce with the Bonds.

Bitcoin is in its own world.

30 Yr. Bonds have a nice bottom particularly when looking at a weekly chart.

There will be major sell stops under 115.05

Short term buy stops are over 118.04, the long term PNF needs a 119.00 print to confirm a low.

Nasd failed to confirm
Friday’s low by 10 points yesterday’s session.

Russell came into Election Day support overnight.

Euro will need over the near Matrix to go anywhere.

It’s essentially a gap trade with the indices caught between two gaps, probing both ways to see whether the Bulls or the Bears will control prices over the next couple of weeks.

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