6/25/24
On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $1,270.5. The solid trade above 21475-84 projects this upward $151 minimum, $954 (+) maximum. We have attained $305.8. The above are ON HOLD. I would NOTE: we are likely in higher timeframe bearish correction against the move up from 19001 .
On a lower timeframe basis: The trade below 24343 (+1.3 tics per/hour) has brought in $130.1 of pressure. Decent trade below 23335 (+1 tic per/hour) will project this downward $16 minimum, $55 (+) maximum. HOWEVER, at the same time I would note we are likely in the last stretch of the move down from 24770, with areas of possible exhaustion at 22830-758, 22566-57, and lower. Today has a good likelihood of seeing range expansion.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold, Bitcoin, S&P 500, and Energy complex. 'Decent penetrations' are specific amounts and provided to clients daily as well. If you are interested, please feel free to reach out.
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