S&P 500 did the compulsory little rebound yesterday – one I didn't trust from the get go, yet maxed it out for subscribers enjoying also the Intraday Signals. Stocks had been gradually deteriorating, and it became clear at the onset of European session that we're in for a risk-off day taking its toll on most economically sensitive real assets.
Today's analysis would be brief as everything is going all too well for the short stocks and other vulnerabilities highlighted Sunday regarding precious metals, and now commodities falling through immediate supports (copper $3.82 and oil back to the $80 mark) – I'll present more thoughts in the chart section and then conversing with you on Twitter..
Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren't enough) – combine with subscribing to my Youtube channel, and of course Telegram that always delivers my extra intraday calls (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock.
So, make sure you're signed up for the free newsletter and make use of both Twitter and Telegram - benefit and find out why I'm the most blocked market analyst and trader on Twitter.
Let's move right into the charts (all courtesy of www.stockcharts.com) – today's full scale article contains 2 of them.
S&P 500 and Nasdaq Outlook
4,515 support would be broken to the downside today, and buy the dip reaction has poor odds of sticking especially if tech continues being pinned down and not rallying at least partially when
Thank you for having read today's free analysis, which is a small part of my site's daily premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, miners, oil, copper, cryptos), and of the daily premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates.
While at my site, you can subscribe to the free Monica's Insider Club for instant publishing notifications and other content useful for making your own trade moves.
Turn notifications on, and have my Twitter profile (tweets only) opened in a fresh tab so as not to miss a thing – such as extra intraday opportunities. Thanks for all your support that makes this great ride possible!
Thank you,
