HG1! We need a confirmed break above the upper trendline to see more upside in copper.
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HG1! We need a confirmed break above the upper trendline to see more upside in copper.
XLF The breakdown in XLF (U.S. Financials ETF) doesn't bode well for equities. We already had the first U.S. bank failure of 2026 on January 30. I expect more later this year.
MSFT If MSFT (Microsoft) breaks below the 395 support line, next support is around 340.
MAGS The Magnificent 7 selloff continues as expected. By the end of every bull run, the bellwethers tend to lead the market lower by months, and that's exactly what MAGS (Magnificent 7) is showing. And despite the selloff already on the tape, the floodgates haven't opened unless we see NDX break below 24.2K and SPX break below 6.8K. Patience is key.
SPX NQ1!
XAGUSD Silver remains range bound between 90 and 70 as I outlined two weeks ago.
XAUUSD Needless to say, our call on the 5.1K gold resistance was spot on.
This level remains the key one to reclaim. Otherwise, downside is likely.
PLTR (Palantir) needs to reclaim above the uptrendline at around 140 in the next few sessions or it risks testing 100.
MAGS Equities continue to sell off, especially Tech and the Magnificent 7, as expected. Note that MAGS (Magnificent 7) confirmed a break below the key 63 support yesterday. I warned the other day that MAGS not participating in last Friday's rally was not a good sign.
BTC1! A break below 63K, we see another bloodbath.
Chart: Binance BTCUSDT perpetual · Asset Tag: CME Bitcoin futures (BTC1!).
XAUUSD needs to break above 5.1K to keep its upward momentum. On the downside, a break below 4950 opens the door for 4850.
Friday’s price action was particularly interesting as we saw B currency (chart will be posted later on X) find support at 60K, leading to a forceful rebound across all asset classes. The rebound coincided with NQ1! dipping to 24.2K, which is perhaps the most important support level aside from NVDA = 167. The rebound was expected given the significance of this level. The major move will come if it breaches below this level.
XAGUSD My 90 resistance and 70 support levels worked perfectly in the past few trading days for silver.
BTC1! As expected, #Bitcoin rebounded exactly at 60K.
Chart: Binance BTCUSDT perpetual · Asset Tag: CME Bitcoin futures (BTC1!).
XAUUSD broke to the upside and is now trading within the channel below. The upper and lower trendlines should act as resistance and support in the short term.
XAGUSD Silver's outlook looks less promising than gold. We just saw another historic drop overnight, and it retested last week's low in the low 70s.
A confirmed breakdown should lead to a test of the lower uptrend line around 60.
US30Y I warned about long-end yields exploding to the upside back in 25Q4, and they're set to only grind higher.
BTC1!
Whoops
#Bitcoin View note
Chart: Binance BTCUSDT perpetual · Asset Tag: CME Bitcoin futures (BTC1!).
BTC1!
Market Update
#BTC #Bitcoin View note
Chart: Binance BTC/USD · Asset Tag: CME Bitcoin futures (BTC1!).
AMD We posted the following setup for AMD last week: “a short entry at 255-265 area, with stop loss at 270 and target price of 220.” The target was hit yesterday. Congrats to those who took the trade.
US10Y I warned about long-end yields exploding to the upside back in 25Q4, and they're set to only grind higher.