A.M. Look 4/5/24

Today into Monday will be revealing whether or not we have a deeper correction in the indices, after yesterday’s late day stop run.

Spoos…Looking to sell in the upper 40’s the first time up.

Looking to buy into 5150’s the first time down.

5196 is the balance line and neutral on the daily chart.

Nasd will take new weakness under yesterday’s low, it’s 50 DMA, to continue.

Gold/Silver says metals will be a tough trade.

We had a long discussion on where the Indices can trade yesterday afternoon, now it’s all about the journey.

Nikkei has been leading the profit taking.

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