Follow the Pit gaps in Nasd & Spoo for early trade. Spoo gap is filled with a 5964.25 print. Above you should not be looking to fade. Currently 5937.50 print is needed for a short term correction. U.S. risk spreads … Continue reading →

It’s tomorrow into Thursday. I’m expecting more range bound trading today. Precious metals had a nice bounce with the Bonds. Bitcoin is in its own world. 30 Yr. Bonds have a nice bottom particularly when looking at a weekly chart. … Continue reading →

We saw the algo unwind late Friday run by the Nasd high on Election Day. That bounce went to the balance line. The indices are caught waiting for Nvidia to save the rally on Wednesday. Spoos will require weakness below … Continue reading →

I got the retrace I’ve been expecting in the Spoo since hitting its Fib screw level on Monday. Last night price action gave me the level I was looking for. Today the game is onto 5925 for a bigger reversal … Continue reading →

The metals can go much lower and I presently have no interest in buying for anything but a very short-term wiggle. Gold/Bitcoin closing below 2667 can elect a whole new big swing. Euro should find initial support around 104.55 on … Continue reading →

I got the print in the Spoos I was looking for last night for a pressure relief on the 50X3, a retest of the extensions. This will be a pivotal hold level or it goes another 60 Points where you … Continue reading →

It’s a gap and go morning. Spoos are coming into the 6050’s which is one of those possible rejection levels where you have to let the market digest the level. Russell is closing in on it’s ATH, again it’s not … Continue reading →

Has the fever broken! Bonds need to remain above 116.26 close for more short covering. Oil is in a range. Sustained and closing price action above 73.00 is needed for upside of perhaps another 2-3 dollars. Gold went high enough … Continue reading →

There is no buying up here in the Indices. Nasd & Russel are coming into double top territory on a Wed-Thursday dance. Gold in mixed with the daily seemingly holding near cloud support. GoldinYen either holds the overnight lows or … Continue reading →

The Mob has spoken. It’s Wednesday and you should treat it as such. There will be gap openings with risk spreads reaching their first major target levels. As anticipated, the bonds are getting creamed and it could be just the … Continue reading →