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Given the magnitude of the event and after all the headlines, Trump is still deciding which way to go
NAS100 4 HOUR –A ways to go…
NAS100 has a ways to go to suggest a low is in (above 19815-2005) following the bounce from 18793 (new low).
Market will now be in a wait-and see mode waiting for the tariff details to be revealed.
As noted in the US500 post
Meanwhile, it is not clear how much of the stock rebound came from month/quarter end portfolio rebalancing.
While April 2 isa the focus of global marketsa attention, how stocks end the week will be the key to what may lie ahead.
US500 4 HOUR = A reprieve but for how long?
Break of the March low to below 5500 (low 5488) did not last long… this makes 5500 the major pivotal level on the downside.
To suggest the low is in, the trendline and then 5700-32+ would need to be broken.
Meanwhile, it is not clear how much of the stock rebound came from month/quarter end portfolio rebalancing.
While April 2 isa the focus of global marketsa attention, how stocks end the week will be the key to what may lie ahead.
XAUUSD 4 HOUR CHART – Watch the high
The surge to another record high (3028) wipes the deck clean do use this level as the closest key resistance.
As noted, there is reason to guess at a top so if I had to try, I would put 3150 and 3200 I would put on the radar.
On the downside, 3100 needxs to hold to keep an uber bid… only below 3057-65 would argue that a top is in.
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