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๐Ÿšจ๐Ÿ“ฐ May 1st'24

๐Ÿšจ๐Ÿ“ฐ May 1st'24


๐Ÿ”ธ #sp500 - move lower from the 5140's caused by short term supply. Price still stuck in a medium term ๐Ÿ“ˆ๐Ÿ“‰ range. Will take time to play.


๐Ÿ”ธ $us30y (rates) momentum has been strong to the upside, ๐Ÿ”Ž evidence suggests move is coming to a short term end. Need 4.7% to break to the downside for stronger medium term momentum.


๐Ÿ”ธ #nas100 (Nasdaq) following the S&P 500 (technically) at this point.


๐Ÿ”ธ $eurusd - retail were adding to the longs (12k lots) once again on this recent drop.


๐Ÿ”ธ $usdjpy - ๐Ÿณ's have an incentive for retail to starting buying but currently retail only offloading their shorts.


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