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NIO Inc. Stocks
Nio had a chance today to continue with the rally, but lost a momentum and now we should concentrate on supports.
First one is at 7.50 followed by 7.45 and 6.95
If this wave proves to be a limited correction, as long as NIO stays above 6.85 it might return to the Bullish mode fairly quickly
Robinhood Markets Inc. Stocks – HOOD
Hood reached the channel upper trend line and surprise, surprise….savage profit taking kicked in.
High at 153.85 – one pip above my target as the trend line rises slowly every day.
First support comes at 143.60 followed by 141.85
We should be seeing at least two days of correction – and then we’ll see
US500 (SP500): Still consolidating below record high
- Major uptrend consolidating with a double top at 6751 and supports at 6720/12/06/6693.
- I always pay attention to price action where the “50” level acts as support or resistance, in this case a 6751 (close enough to 6750) double top.
- As this is a CFD feed I give the “50” level less importance but still bears watching to see if it continues to hold.
US500 1 HOUR CHART
NAS100 (NASDAQ): Battle for 25000
- 25000 is one of those major pivotal levels that would need to become support to send the NAS further into uncharted territory.No reason to guess at a top so will keep focus on 25000 and look at levels that would dent momentum: 24917, 24850, 24720
NAS100 1 HOUR CHART
XAUUSD (GOLD): Perfect storm?
- Momentum, political uncertainty, expectations of Fed rate cuts creating a perfect storm
- The break above 3900 has put the major pivotal 4000 level on the radar
- To cool the threat, back below 4957 and 3934 would be needed.
- Only below 3897 would negate it.
- Hope for an Israel-Hamas breakthrough is so far being ignorted
XAUUSD 1 HOUR CHART
For your blotter: Newsquawk Daily Economic Releases – October 7, 2025
EURO 1.1714
macron has three choices
– name a new PM,
— call a parliamentary election or
— resign ahead of October 13 budget deadlineI would be VERY surprised if macron resigns
****
in general winds of conservatism appear to be picking up which appears to be stirring the “libtard” into indignation if not into panic.re EURO
I am biased. Biased to trade the puppy by picking up dips.
S 1.1650; Res 1.1750 in the s/term
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