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NIO Inc. Stocks – NIO
6.30 level lost and now what’s left are two supports:
5.75 & 5.50
For Nio to continue Up 5.75 has to hold and in such a case we could expect 8.02 attacked again
However, if it comes to 5.50 to keep it running, wouldn’t be great…if it provides a support, turn back up can be difficult and painful.
NAS100 (NASDAQ) UPDATE
- Leading the stock market sell-off after failing to reach 25783.
- It is hard to make a call after a bout of liquidations as it takes a break of the low (24912) to run more stops.
- ]25000 is clearly pivotal, damage not fatal unless 24610 is broken. while 25401+ is needed to ease the downside risk.
NAS100 4 HOUR CHART
Newsquawk US Stock Market Wrap
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Newsquawk US Market Wrap
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US500 (SP500) UPDATE
- Failure to reach 6890 plus breaks of 6810 and 6771 have more than filled the opening week gap and broken up momentum.
- KEY LEVEL: 6726 (Thursday low and 61.8% of 6632-6680) needs to hold to keep this as a retracement.
- Back above 6771 needed tp ease the risk while only a break of 6632 would inflict a fatal blow.
US500 4 HOUR CHART
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XAUUSD (GOLD) UPDATE
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- Failure to hold 4200 and break of 4179 has broken up momentum.
- However, to shift risk the other way (i.e. away from 4200 and back to 4000) 4097 would need to be taken out.
- One reason may be a meltdown in stocks where those caught out look to sell winners to cover margin or losses elsewhere.
XAUUSD 4 HOUR CHART
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FX option expiries for 13 November 10am New York cut
The first ones are for EUR/USD with the main chunk seen near the 1.1590-00 level. The expiries may play a role in limiting upside movement, at least before rolling off later in the day. As such, that could trap price action for the pair during European morning trade at the very least.
Then, there is one for USD/JPY at the pivotal 155.00 level. The pair is in a critical spot at the moment and it’s more so about how traders are going to weigh up intervention risks more than anything else. The expiries might help to keep the calm for a bit but I wouldn’t rule out a break with stops being run before the week ends.
And lastly, there is one for AUD/USD at the 0.6520 level. It doesn’t tie to any technical significance though, so the impact of the expiries should be rather minimal. The 100-day moving average at 0.6538 is arguably one of the more interesting points, with buyers looking to keep above that in trading today.
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