A.M.Look 9/4/24

Late NVDA news yesterday propelled the selloff in the Indices.

It’s a straight up gap trade.

You know where to look for bounces.

Nasd gap is 18,815.25-18,765.25

Spoo 5516.75-5487.75 with the qtrly pivot as the magnet.

The overnight low was the 50% of the gap.

It’s Wednesday so pay attention, you should se some two way action.

Bitcoin trading below its 200 DMA is generally risk off.

Risk spreads show there is room for more downside with the Spoo the most vulnerable with almost 80
points of potential downside.

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