Heavy testing of Sunday’s gap
|
S&P 500 buyers didn‘t allow a drop to 5,715 yesterday – financials, staples and discretionaries had still a fine day, balancing out talked semiconductors and utilities weakness as the AI trade is being dialed back, in trouble (check MSFT), covered alongside much else in yesterday‘s first video, and contrasted with TSLA bullish call made 6 days ago and S&P 500 late session turns in the second video.
Today‘s setup before core PCE (forget not revised UoM consumer sentiment) together with volatility, options and weekly ES perspectives, I covered in latest long video – make sure you‘re subscribed to the channel with notifications on! Deep dive into conflicting signs, providing a way how to play it with swing trading clients willing to try out a tight stop-loss long. Intraday ones have plenty to get inspired from such as pessimistic clues from yesterday‘s close – did such fears get validated on higher than expected core PCE?
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.