Our Post-Market Reports offer reliable analysis of the short and longer term trends, and also reviews any key details of the intraday session, while also providing forward-looking and actionable analysis.
NQ bulls continue to defend the CLVN at 4425-27 for a shot at 4474.50 and higher. Failure to hold above 4425 opens up a retest of 4400, with a shot at rotating into 4322-4343.2, which is another zone where bulls will want to defend.
Gold developed another Inside Day after trading less than 65% of its 10-day ADR, which implies expansion ahead. Failure to hold above 1250 opens the door to a test at 1210.50. Bulls will be looking to defend the CLVN at 1250 for a shot at 1300 and above.
NQ bulls defended prices below MCVAL yet again, which sparked a significant late-day reversal back toward 4200. Bulls will be looking to defend a pullback to 4158 for a shot at 4212 and 4270s. Bears will be looking to defend prices above 4212 for shot at taking MCVPOC offered thru 4158 and into 4080 and lower.
Crude Oil is currently seeing a lazy breach of the bottom of the key range, and closed below the 44.68 prior low, which implies further downside price discovery toward 39.85. Bulls are still defending 44.20s for a shot at squeezing bears through 45s and into MCVPOC at 48.
NQ bears failed to keep prices below 4184 (the previous week’s low price), which sparked an aggressive short squeeze into 4270. Bulls want to defend a pullback to 4184 for a shot at 4315.50 and 4440. Failure to hold above 4184 opens the door to another wave of weakness.
