[Belgrade Bobby]

AMC Entertaiment Holdings Inc. ( NYSE )

Kind of Icarus ….flew way too close to the Sun 😀

Trying for a life line, but just barely….

$ 4.35 seems like a last line of defence…

[Belgrade Bobby]

GME  GameStop Corporation (NYSE)

One of those loonies – this one I have named From Zero to Hero…and Back…

Back to …well 10$ ???

Inertia of the market participants might give it yet another run for a glory, but this time more within the logic of reality…

[SF Monedge]

Monedge found the interview with the CEO of Strike this morning on Bloomberg television interesting.  His playing field is the crypto space.  He said, wearing a baseball cap and a tee shirt, he wants to “fix” the world and “fix” the monetary system and “do away with the dollar.”  The younger generation is rebellious and cute that way.  We would like to know how he intends to do that being that the crypto space is the very most attractive market in existence for international mob money, fraud, and deception at present in the infancy stages of the “asset.”

Monedge believes crypto has a bit of work to do first in upholding its sales pitch that it would be “impervious to fraud due to its structure.”  Right now it is a trading vehicle and nothing more.  Eventually there will be a regulated US crypto vehicle, a stablecoin type of vehicle.  Until then, it is a very incomplete engine leaking oil badly.  We bought Bitcoin at 20k and are waiting for 40k to be in again.  If it never sees 40k, so be it.  There is at present the US dollar and other actual currencies in which to participate.

[Belgrade Bobby]

Alphabet Inc. Google (NASDAQ) Daily

180$ is the barrier.

Supports come at $173 & $163

If support at 173 hold, we’ll have another attempt for the new high, but if not…

[michael Calif]

BTC futures have more room to run higher, but the Option Profile turn LONG was way back on May 1 …  maybe wait for the top

[Belgrade Bobby]

NVIDIA NVDA (NASDAQ) Daily

If Support at 920 gives a way, we’ll have a Triple Top in place and 750 might be the target this time.

[GVI Forex 2]

FOMC Minutes – Higher for longer…

[Belgrade Bobby]

Astrazeneca  AZN (NASDAQ) Daily

Yesterday’s all time high might be the most that we’ve seen for now…looks as ready to start the nice correction IMHO…

[GVI Forex 2]

Stocks lower… must have read Michael’s post.

Watch out if Nvidia doesn’t throw it a lifeline.

[Belgrade Bobby]

Microsoft Corp MSFT ( NASDAQ ) Monthly

More to come or Blow off Rally ?

Pattern wise, looks similar to October 2021. – Bollinger bands wide open – close to a correction .

[GVI Forex 2]

BTC 4 HOUR CHART – A CASE FOR A TOP?

BTC so far unable to sustain 70K+, which is needed if it is to make a serious run at the record high.

The 2 blue AT lines drawn off the high would need to take out the highlighted red line support to confirm a high is in for now.

[Mtl JP]

Inflationary
Biden administration to forgive $7.7 billion in student debt for more than 160,000 borrowers – cnbc

any a few other adjectives

[wfakhoury Amman]

Gold
2385 Reached.
_________
100% Guaranteed

[wfakhoury Amman]

May 22, 2024 at 4:14 pm
wfakhoury Amman
GOLD is now 2394.00 into the sell area to reach 2388.50, then 2385.00.
Trade accordingly
100% guaranteed
______________________________
2388.50 Reached
100% guaranteed

[GVI Forex 2]

EURGBP at .8507 shows no signs of election jitters.

One thought. The election on July 4 ensures there will be no June rate cut.

[GVI Forex 2]

Thanks Michael, I have your post on my blotter.

[michael Calif]

May 16 re-post:  Option Profile remains BEARISH NQ and SP500 futures, and considers this rally part of an ectended TOP from Apr 1 highs

[wfakhoury Amman]

May 22, 2024 at 4:34 pm
SF Monedge
—————–
Thanks and appreciated, SF

[GVI Forex 2]

US500 4 HOUR CHART – NOTE RED LINES

As US equity markets await Nividia results after the bell, take a look at this US500 chart. You will see a similar chart in NAS100.

What I mean is all you see are rising red Amazing Trader (AT) lines. What this means is until you start seeing lower blue AT lines off the high or some large spike down that takes out key supports, it is hard to suggest a top even though on this chart some may say the move up looks a little tired.

One thought is that when in unchartered waters, focus on key pivotal levels like 5300 as it will set the tone although 5200 and 5500 are more important.

[SF Monedge]

Ahman – Your approach seems quite similar to the Wilson theory, which has been applied by some pretty good professionals over time in my view.  Common sense approach, void of ego, and quite Quant.  Very much appreciate your views.

[Mtl JP]

Trade Ideah
DLRCHF 9138
–
IF puppy breaks S at 9135/30 trgt: 9110/9100

[wfakhoury Amman]

GOLD is now 2394.00 into the sell area to reach 2388.50, then 2385.00.
Closes above 2396.00 will enter the buy area to reach 2401.
Trade accordingly
100% guaranteed

[SF Monedge]

Market is somewhat bid on the Britain/Sunak statement since the turn of the hour.  Monedge is eyeballing a short from a bit higher.

[GVI Forex 2]

IF there are UK election jitters, you will likely see it in EURGBP.

[GVI Forex 2]

JP, I show 104.84-104.851

This is why I like FX charts best as there is one common set of prices. Not true for CFDs.

[GVI Forex 2]

=UK election to be held July 4… muted reaction so far but stay on alert

[GVI Forex 2]

Alert:

Rishi Sunak will call general election for July in surprise move – sources

PM says he wants to hold summer poll after claiming inflation is back under control and economy is improving (The Guardian)

[SF Monedge]

Sterling rates have turned negative finally to compliment Euro forwards, UsdJpy rates are not overwhelmingly negative but strongly slanted that way in addition to options, futures, and other neural aspects.  Sell side of UsdJpy should stick overall and so should Euro and Sterling.  Until Nvidia.

[Mtl JP]

Jay I am using the left side of the quote
currently at 104.692 /104.722

[GVI Forex 2]

JP, is it a matter of different CFD feeds? I show USDX at 104.84

[Author]

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