Double top around 30000 has NAS100 on the defensive and dependent on 29132 holding to keep the downside  contained by a higher low.

ABove 29132 trade is consolidating. while a firm  a break would exposae the 28820 low.

Bounce off 1.1105 (200 week mva) after stops run belpw 1.1113, shifts the focus to 1.1170 but only above it would see an outside day that would break down momentum.

However, to turn the risk the other way, 1.1195-00+ would be needed.

For the double bottom at 1.1113 to be more than a pause, EURUSD would need, at a mnimum, to move back above 1.1150 to slow the move but only back above 1.12 woulkd say the low is in for now.

Taking a broader the long standing Amazing Trader target remains aT 1.1065, currently protected by the 1.1113 double bottom.

Two hurdles today for NAS to build on its current rebound

For NAS100 to make this more than a retracement and shift risk to the upside, a break of 29935, key 4 hour trendline and most important to confirma  solid move above 30000.

Turnng defensive after failing to hold above 1,1200 but only a move through the 1.1113 low would break fresh ground and open a new down leg.

If not, then it is still consolidation where 1.1150 will be pivotal in setting the tone and dictating whether there will be a serious run at 1.1113.

The debate is on after USDCAD paused above 1.3950 (low 1.3968) , 61.8% retracement of the 1.3731–1.4300 rise, and formed a higher low on the four-hour chart. 1.4000, which has printed 2 days in a row, remains the focus, with breaks above 1.4044 and then 1.4080 needed to strengthen the case that the decline was a retracement. Reactions to Wednesday’s Fed and BoC rate decisions are the key event risks.

GBPUSD support out of a weaker EURGBP so far not enough to establish firmly above 1.3400  (high 1.3409).

US500 trying to break a 6-day pivot around 7700, which would be a bullish sign

The higher low (CFD chart) gives some hope for the bulls but it to be anything more than a puse, 30027 would need to be taken out.

Trying to build momentum after holding above 1.1200 but would need to break 1.1269 to do so.

The one way move off the 1.1113 low argues for potential that the low is in for now.

Sharp post-US CPI retreat leaves 7707 as te last line of defense before a void to 7617 (on this CFD chart).

Perhaps more important is a good chance that a 7-day pivot around 7800 is likely to be broken on Thursday, whcih would send as bearish signal.

Outperforming today with a move back above .7000 (note firmer AUD rosses)

Chart shows a risk for .7029-45 (potentially tough) while above ..6995

To build some juice off a higher low and break current downside risk/momentum, .9333 would need to be taken out..

Otherwise, just consolidation with .9288 needing to hold to prevent a fresh run ay .9271

Extending its retreat from the 31385 high where 30567 (on this CFD chart) needs to be regained and the trendline broken to cool the risk, above 31079 to negate it.

Otherwise, risk is for 30100-252 with 30K looming below it.

The strong rebound off the 4066 low pause below 4227 runs risk of falling back into a 4100-4200 range if 4158 and the trendline fail to hold.

Seems set to break a 7-day pattern around 158 => bullish siugnal

Needs to firmly break 158.50 to confirm and expose 159.03 as a target

Chart shows potential for a low but for serious momentum to build, 4227 would need to be firmly taken out.]

Otherwise, risk wopuld shift back to a 4100-4200 range.

Focus remains on 1,12 to set the tone with trade below it exposing the 1.1161-64 (higher) lows but consolidating (with no stops to run) while above it.

On the upside, above 1.1213 would be needed to build some momentum the other way and postpone the risk.

When  you see 3 blue at lines drawn off a high (red lines drawn off a low) it is often followed by an acceleration in the direction of the lines.

Thi has seen US500 extend its slide where 7750 stands in the way of opening the door to 7700-07.

While betting against stocks has been a losing wager, can’t ignore what charts are showing, which is 2 blue AT lines drawn off the new record high indicating a potential top (ir pause) and shift in risk towards a retracement.

With no key supports nearby that would need to be broken to confirm a shift in risk, keep an eye on 7800, which needs to hold to contain the downside.

Fresh test of the downside after pause below 1.1286 would need to take out the 1.1161 low to break fresh ground  and open the door to the long standing 1.1065 target.

Otherwise, range is intact and  focus stays on 1.12 to set its trading bias.

Break of an 8-day pivot around 7700 yesterday sent a bullish signal that has seen 7753 (on this CFD chart() broken, which puts the record high at 7818 on the radar as long as it trades above it.

New record high leaves a void of key levels as it trades in uncharted territory.’

Besr guess for the next pivotal target level would be 31500-32000 so keep an eye on 31k, which needs to hold as support to keep moimentum for this new leg up goimg.

With rally attempt stalling below 4235, subsequent retreat dependent on 4110 holding to keep the downside in check.

It has been a bumpy road in the direction of 1.1065, cited as a potential target following the break below 1.1500-10 and then confirmed after 1.1324 was solidly broken.

Will it be tested?

Trend: up

Momentum:  Short-term down

Trend UP

Momentum: UP

Trend: up

Trend: up

Momentum:  up

Trend UP

Momentum: UP