Bell opening – Gann and planetary insight with wave count breakdown

FOMC Minutes market focus

The Federal Reserve is set to release the minutes from its May 6 -7, meeting on Wednesday, May 28, at 6:00 PM UTC (11:00 PM Pakistan Standard Time). These minutes are highly anticipated as investors seek insights into the Fed's stance on inflation and potential interest rate adjustments. Given recent market volatility and concerns over inflation, the details within these minutes could significantly influence investor sentiment and market direction.

Nvidia earnings – AI sector in spotlight

Nvidia is scheduled to report its first-quarter earnings after the market closes on Wednesday, May 28. Analysts project a substantial 66% year-over-year revenue increase, reaching approximately $43.3 billion, with earnings per share estimated at 0.73.

However, the company faces headwinds due to U.S. export restrictions on its H20 AI chips to China, potentially impacting revenue by up to $4.5 billion per quarter. Investors will be keenly watching for updates on Nvidia's strategies to mitigate these challenges, including the development of a new AI chip tailored for the Chinese market.

Despite these concerns, Nvidia's stock has shown resilience, rising 2.5% to $ 134.55 in premarket trading ahead of the earnings report. The company's performance is seen as a bellwether for the broader AI sector, and its results could have ripple effects across the technology industry.

Upcoming Economic Indicators: Investors are also anticipating the release of the U.S. core Personal Consumption Expenditures (PCE) price index later this week, which will offer further insights into inflation trends and potential monetary policy responses.

ES mini charts

Today's market action respected key astro technical levels, reaffirming the importance of celestial signatures in market behavior. The 5 7 5 6 level continues to act as a foundational support, aligning closely with significant planetary signatures. Notably, 5760, representing the Zero Aries Point, and 5756, corresponding to 26° Pisces, both held firm, reinforcing this price zone as a critical Gann planetary confluence.

With the market now approaching 5939, this level becomes pivotal. A decisive break above 5939 would open the path tow ard 6065, marking a potential new wave high in alignment with our current wave count projection. Right now we think B wave up if break above 5941 invalidate our B wave structure and possible projection towards 6064.

We initiated short positions in the 5912 5923 zone and continue to hold them while the structure unfolds. Our positions are protected with pre defined stop losses, maintaining disciplined risk management as emphasized in yesterday s commentary.

Tomorrow's focus shifts to the FOMC minutes, which c ould act as a significant time catalyst. Additionally, any major earnings releases may introduce volatility and directional momentum. We ll continue to observe planetary influences and Gann levels in relation to these events, particularly how price behaves around the 5939 threshold.

As always, we are actively managing risk, staying on the right side of the market, and allowing the waves to unfold with discipline and precision.

Silver (XAG/USD) one-hour chart

Structure and trend

• The chart shows a descending triangle pattern forming with lower highs (PH) and stable lows around the 33.00 level.
• The overall bias seems bearish, especially with price failing to break recent highs and forming a new lower high under the stop loss level (33.5640).

Key levels

• Buy Entry was triggered around $33.3376 with a TP2 target at $32.8837.
• Stop Loss is placed at $33.5640, slightly above a minor swing high, providing good RR management.
• Multiple PL (Previous Lows) and PH (Previous Highs) are annotated, signifying internal liquidity points.

Volume and time cycles

• Vertical lines (blue/red) likely represent time based cycle triggers or high probabili ty reversal zones.
• Significant confluence around 32. 60 32.78 zone, showing a potential demand base and ICT style bullish order block interaction. once break next projected low can be 31.88 /32.08 area for long side entry.

Indicators and tools used

Bias and projection

• Short Term Bias: Bearish below $33.33.
• Key Support: $ 7 8 (TP zone, order block base).
• Break below $32. 7 8 → Acceleration toward $32. 3 50 32.0 5 possible.
• Upside risk: Close above $33.56 invalidates bearish structure.

Structure

• Silver remains bulli sh on daily chart; small flag forming.
• Strong buying interest after tariff delay & inflation hedge narrative.

Strategy

• Long (Intraday): Buy near $3 2 0 5 31. 90 → target $ 3 3.18 with SL below 31. 67.

Euro FX futures (6E) one-hour chart

Key technical levels

• Resistance: 1.1430 (minor), 1.1480 (major breakout), 1.1600 (projected Wave 5 top).
• Support: 1.1270 (pullback zone), 1.1230 (key OB), 1.1070 (Wave 4 low)

Intraday high/low (estimated)

• High: 1.1422
• Low: 1.1320

Wave count: 4th in progress

• Wave (5) in progress targeting 1.1600.
• Structure is bullish unless price drops below 1.1205.

Strategy

• Short term Short Setup: If the price rejects the 1.1430 1.1480 zone, the target is 1.1270 1.1230. We entered short around 1.1430 and are holding for a move toward the 1.1235 area.
• Breakout Long Setup: If the price holds above 1.1480, the upside target is 1.1600 1.1650.
• Overall Bias: Bullish, but expecting a retracement first. Ideally, the 1.1170 support area s hould hold to maintain this bias.