Short links, long links, Quote, Thread, Asset Tag, charts, polls, and private notes
The same paragraph mentions stocks, equity index futures, and gold:
AAPL、ES1!、GC1!. This article only references the instruments.
Will the Federal Reserve cut rates again in 2026?
Northstar dollar hedge checklist.pdf
Type: PDF · 418 KiB
Downloaded via Meridian's secure channel. Do not open files from untrusted sources.
NVDA is up 4.5% after hours, giving us the bounce we expected.
Remember what I said before earnings? For ES1! to trade back toward its ATH, NQ1! needed to:
1) Bounce from its multi-year ascending trendline support.
2) Reclaim the descending trendline.
The first condition was satisfied on Monday. NQ will likely tag the descending trendline overnight, possibly as soon as Globex opens in 2 minutes. Now let's see whether it can break and hold above it.
I called the top when SPX was trading around 7.8K and called the swing low on Monday. Both calls played out.
As I wrote in Monday's Desk Note, NVDA's initial post-earnings move has repeatedly failed to hold. Over the past eight earnings, NVDA gained an average of 1.35% overnight, then fell an average of 4.04% from the next session's open to close.
For those feeling FOMO, don't. The entry was Monday.
For traders riding the bounce, trail your stops and protect the gains. NQ must break above the descending trendline before ES can trade back toward its ATH.
XAUUSD3,928.38just printed below its July low.
Another prophecy fulfilled.
ES1!7,652.75 is testing 7,650 as I'm writing this. Despite the negative earnings reactions across major tech names, I do think this level should hold. Indices, especially tech, have pulled back over the past few days, but breadth remains fine.
Sentiment heading into the election is quite negative. Combined with the recent earnings-driven pullback, that could set the stage for a sharp rally if election manipulation produces a Republican landslide.
Price action today and in the next trading session will be critical tells for the election result. We all know by now how common insider trading has become under this administration. If a Republican victory is already predetermined, the market should rally hard over these two sessions despite the negative earnings reactions.
In the coming months, you'll be able to translate content using our built-in AI translation. You'll no longer have to deal with third-party platforms that block copying and pasting or prohibit the plugins you need to use translation tools.
In the Lite version, all content will be translated automatically into your selected language. You won't have to click anything. If you find a translation inaccurate or want to read the original, you can always click the translation button to switch back.
For those who want to read the original and the translation side by side, there's the Pro version.
