Did S&P 500 decline to my support level of low 5,970s given to clients? It took time following a bit underwhelming retail sales and unemployment claims, yet hot manufacturing data, but it did. Similarly some more tech weakness in key big names (AAPL, NVDA, less so AMD and SMCI – check TSLA too) exercised their weight, but otherwise it had been a risk-on day, one of recovering from a shallow pullback (several attempts that got quickly bought) – in line with the premarket prospects shared.
Check out today‘s premarket video where I talk why failed chart patterns have such a great power, and I would say we‘re in for a surprise move – basing first, and then pushing higher. Didn‘t we have enough of a false breakdown already? Have a look at Bitcoin over $102K today, and beware of typical opex volatility off the open. Run though my latest articles or videos, and compare the breadth developments for yourself.
The clues are clear, and clients were told days ago already, their open profits are growing – here is a little commented preview of what Trading Signals and Stock Signals clients are getting.
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.
