Stocks...
Nasd 100…3740.50 is the year high. This is a natural place to look for price rejection, however convincingly closing above this level gives much higher price targets.
Nasd would need under 3685 to do any damage to the Bullish pattern. Spu’s, the # is 1902.
DAX…has an initial tgt just shy of 11000.
GS…hit 200 DMA resistance @ 164.00. Closes over this level are needed for more upside. 160 is mvg avg support.
TSLA…is caught between 208 ( mvg avg support) & 220 resistance.
BAC…15.50 is 200 DMA resistance and the closing upside pivot.
Bonds
30 yr. Bonds …sustained price action over 137.25 would lead to more upside on the Point & Figure chart.
We’re still looking for an eventual 140.15 print.
FX…
GBP/USD…put in an ORL day. 167.50 ish holds or it can go to as low as 166.50 before it bounces.
Commodities…
Gold…once closing under the final 1262 fib support measured from last August’s low, look for this to trade lower in 20 dollar increments.
General Comments or Valuable Insight
Don’t fight the flow. Whatever happens today into tomorrow, we’re looking for Equity indices to be priced on their highs @ Friday’s close.
Opening Range Time Frame Trading again today.
Short Term View…
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical s.