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[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

[Author]

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