Trying to avoid more sinister future, Open started slowly rising – but in my opinion it is still lame.
There is still a chance of not only visiting previous low, but hitting a new one.
1.85 is serving as pivotal and so far doesn’t look like within the reach.
Those of you who followed my every posting on NIO know that I mentioned this particular scenario days ago : First sharp drop to 4.00, followed by a strong rebound Up.
This is now a situation that we were waiting for – Downtrend line broken clearly, and now has to act as a Support for any additional run Up.
It is placed at 4.30 right now.
On the upper side – next hurdle is at 4.70
We’ll follow it closely now…let’s see what next few days will bring.
Nvidia broke above previous support / now resistance and reached a new resistance at 143.45. Unless it manages to hold above 138.10 it can easily drop back to around 120.00
However, if support at 138.10 remains intact, we can see new high fairly soon – 160 comes to mind first….
CIO on squawk box
Gold rally driven by countries ‘starting to give hesitance’ in owning U.S. treasuries: CIO — on cnbc
interesting postulations
BUT … scratching my noggin … where (in NY) have I seen treasury buyers (who, which one) …
fly over and ask: how would you like us to not just go on strike BUT also start to sell your crap paper ?