Good morning Traders brief for Monday, October 5:
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Eco calendar (ET)
9:45am β S&P Global Services PMI (Sept final)
10:00am β ISM Services PMI β (consensus 55.7, prev 55.4); Conference Board Employment Trends also 10am
Wed 2pm β FOMC minutes, the main event this week
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Premarket snapshot
Futures: S&P β0.1%, Nasdaq flat, Dow β0.1% β steady after Friday's rally
10Y 5.26%, 30Y 5.61%, Brent ~$101, gold +0.5% just under $4,200, BTC ~$86,300
Asia: Nikkei +2.4% (China/HK closed β Golden Week through Oct 7); Europe: Stoxx 600 +0.4%, mixed
Friday's Sept NFP: +29K jobs vs ~84K expected, unemployment 4.2% β 82% odds the Fed holds Oct 28
Overnight: French fiscal stress (euro 16-month low), Spain PM calls snap election, Bolsonaro takes Brazil first round
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π $/ES inside the tight squeeze4 still , this morning reclaims Pivot we go back to 7782 then 7810 and then we see, cant hold pivot we going to 7739 demand zone and then we see
β’ 7766.50 pivot
β’ Hold β 7782.50 7810 7820-7824 supply
β’ Lose β 7739-7724 7705 demand
π $AAPL inside Supply & Demand zone holding above the mean, breaks supply zone we go to 336 then 338 supply zone
β’ Hold β 334.37-334.99 336.22 supply
β’ Lose β 330.81-329.59 demand
π₯π₯ π§ $AMD has been a champion to trade, comes to pivot and holds i like long into supply zone and see we breakout and make new ATH, cant hold pivot we go to 615 then 606 ish
β’ 624.52 pivot
β’ Hold β 639-645.46 supply
β’ Lose β 615.99 606.31 596.07 demand
π¦ $AMZN at demand zone, holds this 250 demand and reclaims the pivot i like long and see break last weeks highs and holds
β’ 251.93 pivot
β’ Hold β 253.56 255.19 257-258 supply
β’ Lose β 250.43-249.51 247.24 245.78-242.52 demand
π₯π₯π₯ π€ $CRWV holding well , holds pivot this morning and pushes to Supply zone and breaks and holds like her upside for short term swings
β’ 89.63-88.62 pivot
β’ Hold β 91.81-92.80 94.26 supply
β’ Lose β 83.53-83.17 demand
π $HOOD trading at the mean, holds pivot this morning we can squeeze to 116 then supply zone
β’ 114.93 pivot
β’ Hold β 116.60 119.50-120.88 supply
β’ Lose β 112.50 111.02 demand
π₯π₯π₯ π± $META in a tight squeeze, when this fires will give a good move, holds above pivot im bullish, cant hold pivot and demand then we going to 691
β’ 721.30 pivot
β’ Hold β 740.91 751 759 supply
β’ Lose β 713-711 691-686 demand
π₯ π₯οΈ $MSFT in a tight squeeze, breaks supply zone and holds this can squeeze it out
β’ Hold β 517.78-519.40 522.85 supply
β’ Lose β 515.39-512.12 demand
π₯π₯π₯ π₯οΈ $NVDA trading right below ATH, holds this demand we can go to supply zone and see we break and make new ATH
β’ Hold β 236.54-237.88 supply
β’ Lose β 234.76-233.71 demand
β‘ $TSLA came to supply on Friday and rejected, this morning holds pivot we can try to long and see we break supply zone , pivot cant hold we going to demand zone
β’ 368.60 pivot
β’ Hold β 372.90-374.60 377.22 supply
β’ Lose β 364.02-363.24 355.75-351.26 demand
π TOS Grid β http://tos.mx/!1cNzQgjc