A.M. Look 8/1/24

Is this another Wed-Thursday high?

Gold…cash has not made a new high although the Dec , with the $47 forward. traded 2500.

Oil will require a 79.20 print to confirm the weeks low.

Nasd traded into the 19,700 level last night. I’ve no interest in buying strength into the qtrly pivot.

Spoo have two pit gaps to deal with. Pit prices mean the instrument needs to print the level during the U.S. session.

Nvidia gap will run the early tech show despite the blowout META earnings.

Expect some positive capital flows given it’s the first day of the month.

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