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US500 (SP500)
Disappointment all around after Friday’s strong finished.
Pause below 6489 so far capping upside and 3 blue AT lines indicate at least a retracement.
To confirm a (lower) high, 6382 would need to be broken.
One way move up left little obvious supports so use FIBOS as potential levels while 8389 stays intact (srer below).
US500 4 HOUR CHART
FIBOS 6348 => 6480
Nio Inc Stocks
Seems as Nio is in demand lately 😀
Another day and another new high – today at 6.73
Now we are nicely away from 5.50, so any correction right now won’t be all that bad.
7.71 stays our ultimate target in this run, but allow for some pull backs as well.
Supports: 6.10, 5.80 & 5.65
Palantir Technologies Inc. – PLTR
Palantir stocks are finding support in 140/150 area and looks like capable of breaking up again.
But for that to happen it needs to decisively take out first 160.40 and 163.20 afterwards.
Supports: 149.35, 145.05 & 142.35
Close tonight above 156.10 would be a positive sign.
What’s hot and what’s not?
What’s hot?
The dollar is up but so far just retracements after Friday’s savage beating. AUD and NZD are up modestly.
Gold is slightly in the green after retracing lower earlier.
Crude oil is up, 4th day on a tow
What’s not?
JPY, EUR, GBP, CHF down vs the USD in that order
US stocks backing off after surging Friday.
US bond yields up after falling on Friday
Bitcoin is down but off its low.
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