Bottom in
|S&P 500 didn‘t rally much premarket, but off the opening bell, it did a repeat of one beautiful prior Monday‘s gap closure – the daily path wasn‘t that difficult to chart for clients – examine the long bias off the open, picking interim topping area, and continuing with the long path. Then PLTR pleasantly surprised (pleasantly considering the daily chart shape) after the close, and shallow premarket ES correction just spell out one thing. Considering Mideast and the King Dollar, that‘s the chart with overlay to watch.
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