Archives -> Wednesday August 28th, 2024 Newsletter

Wednesday August 28th, 2024 Newsletter

Hello Everyone, no Youtube Video tonight. So far as expected this week has been a consolidation week following 3 consec up weeks. The much anticipated NVDA earnings were this evening and NVDA got taken to the woodshed trading down -8% in after hrs to 116.5 (right into that demand zone on my daily chart).  As a result ES and NQ futures are also down strongly in after hrs - -40 points for ES, and -231 for NQ futures.  We'll see how things play out tomorrow; note there are open gaps and demand zones below on the indexes that we'll monitor to see if  price finds support in one of those areas. 

Other things of note: Big rally in the US Dollar today, and the Yield Curve (10Y/2Y) has moved up to 0.99, VERY close to flipping to an non-inverted state! 

Here's a link to Tonight's Newsletter.

have a great night!

Matt

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