Bearish Sunday open gap, premarket recovery, spike turning into a trap, and meek premarket recovery that has been three times already rejected well below the key 6,885 (tall order as already the low 6,870s area would start offering resistance). Jittery markets, not just thanks to tariffs or Iran (not perceived as most acute, yesterday premarket did prove), but as NVDA earnings with the almost always high(tened) expectations comes increasingly into the picture, stocks have a lot of volatility to look for.
Alongside saying that 2y yield is steadily retreating (VIX though relatively calm), the dollar managed to quite well erase its Sunday open weakness, and that says enough about markets starting to / getting positioned for risk-off temperature rising.
I‘m releasing today‘s Trading / Stock Signals chart – one of the stock market sections ones – as preview.
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