SPX -1.24% Friday / NazQuack -1.54% / VIX +6.78% to 18.43 / 10Y +13.6bps to 4.595% / 30Y cleared 5.12%
TnT system remains bullish, just missed a bear setup. A new bull tag failure flips the system to bearish.
RUT pushed back into the prior range on the daily. The bear thesis needs to be considered.
BTC bear trend below minus 80 on percent R. MACD-v also bearish. A cat’s whisker from Target 1.
SPX and NazQuack twin records Wednesday, both back at fresh NATHs in pre-market / Dow and RUT lagging again
BTC joins the desk: 4hr triangle or descending channel, bearish on the pattern / daily needs $82k for bullish positions
SPX big bull swing intact / GEX 7,500 huge node, 7,450 minor / dealer-set range zones for the day
RUT inside-day setup: first break often false / TnT remains bearish / HOD break then lower expected
Tuesday: SPX -0.16% / NazQuack -0.71% / Dow +0.11% / Qualcomm -13% / SOX -5% worst in 7 months
Correction lasted the morning, then turned around: SPX and Nazquack already premarket-running for NATHs again
RUT pushed BB high to low / MACD-V extreme at the reaction / no Pulse Bars yet / narrow ranging day suggested by daily
GEX 7,400 / 7,450 / 7,500 frame the day’s potential range. Warsh sworn in. December hike odds 30%
SPX 7,412.84 Monday ATH on 37.8% breadth / NazQuack 26,274 / RTY 2,868 / Dow flat
SPX MACD-V divergent, histogram shrinking, out of the continuation-threat window / small corrective move possible
RUT fresh bear TnT just printed / Bearish Below 2,881.69 / target 2,825.30
CPI at 8:30: consensus 3.7%, Cleveland Fed nowcast 3.56%, Wells Fargo 3.8%
Thursday: SPX -0.38% / every sector red / Energy -1.95% / Iran “reparations” demand undid the peace trade priced Wednesday
Pattern continues: push higher, MACD-V extreme, tiny correction without lower BB tag, then woosh higher / question is how long
RUT flipped bearish on the system / close to lower BB / new setup could develop / SPX bullish swing intact
NFP 8:30 ET gazumps the week / consensus $75K-$120K / ADP +109K / Phil away for long weekend
SPX 7,365.12 fresh ATH +1.46% on peace rumour / Nasdaq +2.02% / Dow +612 / ES NQ RTY all NATHs overnight
AMD +20% post-earnings / SMCI +15% / Corning +17% on Nvidia partnership / chip cycle out-shouted Hormuz
Be the bull, trade the bull / cautious bear swing if it sets up / MACD-V still suggesting more upside
GEX migrated up: 7,350 new dominant / 7,400 secondary / 7,300 demoted to floor