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Feeling Twitchy Yet?
We will know soon enough whether animal spirits are back and the Nasdaq will moon, led by the indefatigable $NVDA (stock going straight up even as earnings go straight down, thankyou AI mania!) - or whether the usual rules of gravity apply and we get a corrective reset in the index before the next move higher.
With that in mind we move on to our usual daily charts. Don’t forget that if you want a full note every day before the open which includes not just the equity indices but also the US 10-year yield and Bitoin / Ether futures data, you should sign up for our Cestrian Inner Circle service. You can learn more about it by clicking this link.
S&P500 / SPY / ES
The triple top is strong resistance, until it isn't. If the ES pushes up and over that red line around 4210, and turns it into support, then the next leg up in the S&P has begun.