First, I hope everyone caught some of this action today - sad to say I’m still sick so out of it and that makes it hard to really focus.
The rally was nice today although it would have been easier to sell-off and rally into end of week given earnings season is around the corner. Semis are strong led by NVDA 0.00%↑ which makes sense given the range breakout it had but this is a shift in the narrative this week.
S&P $4770 is the pivot spot technically now so unless that changes we are sideways to higher all week. Overall, with a move like this you’d expect Yen futures to be risk-off but there was little to none of that today which goes well for one of my swings in FXY 0.00%↑.
Oils move in London was not great but the oil Cartel had different plans. If we don’t see $72+ then we’re trading into 6 handle territory again - no position for me yet, waiting on EIA.
We’re still waiting on this SAVE 0.00%↑ verdict and I hope we get it done this week but no new news yet.
More notes and the video recap/plan for what I am after tomorrow below.