The Market
Good afternoon, everyone.
In this early Monday Market Update, we will examine the current state of stock index futures, focusing on key levels and potential support/resistance areas while highlighting the importance of Friday's pivot lows and the need for prices to surpass certain levels for a rally to strengthen.
In short — do we hold the inside days at the close? And if so, do we get upside follow-through tomorrow?
Also, NVDA reports earnings Wednesday evening after the market closes. We’ll be back with a deeper look at the stock chart and earnings expectations in another article tomorrow.
Finally, all charts from the video are posted below.
Correction: In this video segment looking at Amazon, I mistakenly referred to the VWAP as anchored to the post-election day move when it’s actually anchored to the beginning of the month.
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The Charts
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The Disclosures
***This is NOT financial advice. This is NOT a recommendation to buy, sell, or trade any security. The content presented here is intended for educational purposes only.
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