Happy 2024 and some ideas for the new year - SPX BTC GLD TYX NG
Just getting back so I wanted to look at everything with fresh eyes. Some long term and some very short term ideas.
I hope you had great holidays and have a wonderful 2024!
I hope you had great holidays and have a wonderful 2024!
Kommentar:
looks like it was a rejection started on Friday afternoon. Look for support at 4700 area....
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The dollar is finding support at the same line it did last time. Metals may come under pressure harder than SPX if this takes off.
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AAPL already almost to it's 18weekly ma. I expect tech should bounce, but it does look like a top has occurred on some of the bigger names.
Kommentar:
good morning, we're at 18ma support. this area "should" be a zone where the market gets some buyers, we'll see. A loss of the 18ma and the daily bias will turn down. Metals getting hammered today, they may have a swift move down if traders start to recognize the final move up as a false breakout, which is what it is looking like.
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GOLD -
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SILVER - I will do an update on the metals trade soon.
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IWM at major support area, but there's a large gap to fill right below. A pause here would make sense.
Kommentar:
daily 18 ma holding thus far.
