A.M. Look 7/17/23

Indices have hit my initial targets on Friday with a match @ Nvidia’s 479 target.

Banks, for the most part, all saw ORL days on profit taking after JPM earnings.

Today we’ll see what is real.

I’m looking for pressure relief at some point this week.

!5,500 NASD and a 4512.50 print in Spoo to relieve the upside pressure.

Last weeks low in Spoo/Bond @ 3570 should be monitored for direction.

Over the weekend I’ve listened to the blather about Gold backed Brics backed currencies, rate cuts coming, China doom and Gloom and Ukranian Wheat.

Kansas City wheat looks better than CBOT, which is @ fib resistance.

Trade the price.

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