Don’t miss this key move

Monica Kingsley Monicakingsley

S&P 500 and Nasdaq prepared a bear trap, and it was essential to turn around bullish fast to secure daily gains. Following the retail opening part, solid retracement to my key 6,955 level came – accompanied by no less than textbook bullish rebound off this retest. So, clients benefited much on the total of fast moves yesterday.

The same is true today regarding precious metals moves – taking advantage of the first decline this week premarket. The dollar is slightly firming up, and that will bear upon risk taking in general, and its best indicator will be the shallow correction in most real assets except for oil.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.