Google is trading into its 200 DMA.
AAPL has further to go before it’s a low risk buy for a bounce.
I would not own TESLA.
Chips are holding with everything else in correction mode.
Russell stopped at the wrong level. Beware the lemmings in the index!
Spoo…first support is 5108 with a 5112.50 print needed to relieve the RSI.
Oil will need to hold 7740-70.
Natty went to a magic # and former hold and breakout level yesterday, which is something one could see if they’d bothered to look at a long term chart.
Late Yesterday my view was the indices had to correct.
The game was in the spread response. Is it a traditional risk off board with the Bonds being bid against the Indices?
Next, how would Gold and Bitcoin respond?
I said the resistance and screw zone in BTC was all the way up to 70K.
Gold is relieving its rsi against BTC with BTC showing a potential double top on a qtly.
It’s all about the path.
9:45am USD Final Services PMI 51.4 51.3
Tentative NZD GDT Price Index 0.5%
10:00am USD ISM Services PMI 53.0 53.4
USD Factory Orders m/m -3.1% 0.2%
Tentative USD RCM/TIPP Economic Optimism 45.2 44.0
12:00pm USD FOMC Member Barr Speaks
3:30pm USD FOMC Member Barr Speaks