it's one option that is valid and would fit the the symmetry breaks for a lower high B wave, and the typical weakness this time of the year, the sell in April/May go away, there are other options of course that would lead to a new high right away.

Regarding the Fed, the problem with that is how do you trade that info? You can't, what are the trade triggers from that info , and it's not hard info or facts, it's just some speculation?  To me the Fed has been pretty steadfast on rates even walking back there earlier in the year optimism about possible cuts, and of course they have to be extremely careful not to raise and cause a run away inflation.

again all we can do is analyze the charts, and respond to what happens and our triggers:   As we always say

Project/Analyze, then monitor, and adjust to what happens

regarding your NVDA it looks okay, but refer to my big post on the possible scenario for the SPX, if that were to unfold, then I don't see how NVDA would not make a lower high

Here's the scenario I discussed in Thursday's newsletter but I didn't market it up. Because of the daily symmetry break there is higher odds now of a lower high forming. Under this scenario the move down could be wave A, and we are unfolding in an abc bounce to complete wave B lower high (supported by the symmetry break) and once that's complete a move down for wave C. If you recall, we've been showing such a scenario on the weekly QQQ's, see the last chart

Wave B's often retrace 50% to 61.8%, however they can retrace more than that and with the market one thing Steve and I have noticed is that moves are more exaggerated these days.  A move down could take the SPX back to that long term support and demand zone

$SPX - Chart Link shows the scenario on the daily SPX

SPY - Chart Link same scenario but on the SPY

$SPX - Chart Link weekly chart, if the wave count is correct, basically once this wave B is over, you get a move down to those major support zones

$SPX - Chart Link - this daily chart is interesting, that broken trendline is another area that could be retested if the SPX did a larger retracement than a 61.8% fib - perhaps retest that trendline

QQQ - Chart Link - here's that weekly QQQ's chart that we've been showing since last fall - this basically shows the same scenario

from me as well, man was a boring day!

enjoy the rest of your Friday and have a good weekend!

$USD - Chart Link- definitely has that bull flag look...

$SPX - Chart Link kind of a H&S look there, anyway something to monitor if it breaks that trendline

otherwise being a Friday, I'm hoping the market just does nothing the rest of the day

RSG - Chart Link long idea last week where the KISS system also set a tight stop, nice trade so far, make sure to have stops in place or lock in some gains

XBI - Chart Link- interesting with that last low, RSI divergence setting up

LABU - Chart Link- here's a 2hr view, you have pretty good MACD and RSI divergence

$BTCUSD - Chart Link- 4hr

$BTCUSD - Chart Link- daily - again that 60K area needs to hold, otherwise it's gonna drop to low 50's

ENPH - Chart Link- glad I covered that puppy yesterday in that support zone

ADBE - Chart Link- nice, still needs to close above the 20 MA though

NVDA - Chart Link -  EdZ posted some nice charts below, here's the one we've had, testing the downtrend line today

AMD kiss.png

AMD kiss system went long yesterday, price found support in that support zone, otherwise if it declines again the 200 day MA would be a logical magnet, but I don't think it was a bad spot at all for the KISS system ty try an entry

FUTU - Chart Link- off the highs but still above the trendline of that weekly coil

https://www.tradingview.com/chart/WVDTpjM0/ 

really nothing until 5150

sorry about that, the newsletter webpage version  link was to an older newsletter, I fixed that. The Youtube video link was correct of course

Here's my latest detailed newsletter/video with my thoughts on the markets, precious metals, crypto, and our trading systems

Youtube Video  Thursday  April 25th, 2024   - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Thursday April 25th  standard Webpage Format  - contains all the dynamic chart links

$SPX - Chart Link

ES futures went back to Tuesday's/Wednesday's highs

the tables use the entry price for the next day open - again it's all in the FAQ that has been in the KISS system for a while so please take the time to read that. Stats are generally better to enter that same day though, but because the standard daily are communicated after hrs all the trade % numbers are using the next day's open price for the entry. This will not be the case for high performance, they will use exact entry prices from that same day.

as far as Demark - I've posted this 58 page PDF a dozen times, here you go, nerd out this evening reading that or the weekend

https://breakpointtrades.com/blog/post/390738/