Continuing on Friday‘s weak close note, S&P 500 took a premarket dive, and then the table was set for a short squeeze to start, right as called (both moves). More details in yesterday‘s video. My ultimate resistance level of 5,892 was though breached on strong price action before the close yesterday, and on aftermarket trading – bringing up the question as to whether we‘re witnessing more than a day or two lasting short squeeze.
That‘s the key question I‘m diving into in today‘s punchy premarket video, examining yields, USD, gold, and as well various S&P 500 breadth indicators coupled with sectoral analysis – coupled with this article (the premium question feat. Crypto and CPI plans too), that‘s also one not to miss!
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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