Monica Kingsley
Monicakingsley
S&P 500 repelled the sellers early in the regular session, but question marks over the bulls‘ strength remains – in Saturday‘s video I called for the correction to open the week, and it did – you can see how we approached it in our intraday channel. The internals of the rebound and inability to follow through more broadly on further NVDA upgrades, is what‘s worrying in the short term.
As I summed it up this European morning:
As I put it when writing when discussing the wisdom in taking overall long ES and NDX profits off the table as regards risk-reward perspective, you don‘t have to be always in a position, very far from it. The courageous ones will slowly start nibbing at short entries within the weakest candidates...
Way more reasoning would be apparent from the premium S&P 500 and Nasdaq chart.
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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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