Quick Notes: Keeping it simple, no major changes regarding the major indices from what Matt discussed last evening. Fractional losses (drift down) in the DOW/SPX/QQQ while IWM took back some of yesterday's losses. Short term ranges are contracting (see intraday charts) so some energy is building. For the short term - play the range breaks. I added a few setups to the watchlist (some infrastructure names) to monitor in light of the current policy initiatives.
Gold/Silver and GDX came under selling pressure again today with Gold Futures coming down to test the early March lows while Silver made new recent lows. GDX filled an open gap on it's 60 minute chart while forming a divergent low on that time frame but now must see buyers step up to the plate - plenty of resistance to deal with overhead with the MA's still bearishly configured.
Bitcoin continued higher again today with GBTC/MARA nearing the top of their respective triangles while CAN has had a nice bounce off highlighted support last week.
Please take a moment to look at the trade ideas.
3/28: SPX DVT = 3775