4400 is the level bulls want to hold on any pullback for spx, whether it comes next week or not is hard to say. IWM and DJT are not confirming an upward bias on the weekly chart yet, so it's possible they are saying something that most are not hearing. Gold and Silver both hard to tell what's going to happen right now, so waiting I'm for a confirming move up or down. Oil is at strong technical support, thus the bounce today. I think it goes higher, but it needs to take out 80 for the bulls to start gaining control. TYX (Yields) will probably get to the gap area near 5 at some point soon....
Good luck and have a wonderful weekend
Good luck and have a wonderful weekend
Note
mis-typed should be "push up to 4550"Note
good morning, well we're getting a little sell off in futures, but nothing major. The small time frame RSI is very oversold already, so my feeling is one more high is possible. However, mid time frames are showing triple bearish divergences at extremes, so basically it's a coin toss. Let's put it this way - a bounce is expected either way and then maybe we'll see if the market wants to keep going higher. So far the gap of 4550 on SPX cash has held back price. Note
NVDA getting a small pullback, no biggie. It was showing bear divergences and hit the weekly BB so it's not a surprise. Follow through tomorrow would be needed if the indexes are going to correct here. If it gets under the 18 weekly ma sometime it would be significant. NVDA generally stays above it in bull trends. Related publications
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.