Monica Kingsley
Monicakingsley
S&P 500 offered a great intraday reversal yesterday, and now I‘ll present analysis I sent to clients before the opening bell – this will cast best light on how I was able to capture in intraday terms fine gains for them. Quoting yesterday‘s daily premium analytics alongside the chart given:
(…) Sectorally, the encouraging bottoming signs are there, whether tech kicks in or not yet. The key demarcation line is in the mid 5,870s – with breaking below (or conversely remaining above) the largest hourly green candle during yesterday‘s regular session providing the key sign as regards the daily outlook. Thus far, I don‘t have bullish conviction that the bottom is truly in (trappy session ahead) – the index looks forming a bear flag/pennant.
The fact of still elusive Bitcoin correction coupled with flows into my key sectors on that day‘s watch, is what drove the switch to long bias almost into the closing bell.
Let‘s mve right into the charts – today‘s full scale article contains 3 more of them, with commentaries.
Gold, Silver and Miners
Sideways, at best sideways day ahead in gold, and I‘m looking for the risk-off echo of yesterday to catch up with silver, and keep a lid on copper (the red metal will be inspired to move more alongside oil today).
All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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