May 23, 2024 13:25 GMT
Attention on the US open
EQUITIES
Attention on the US Cash open, should see a new record high for the NDX and SPX.
Main focus will be on the Tech Sector, following Nvidia's earning Yesterday, with Tech also leading in Europe, and are trading close to a new 24 years high.
In terms of Technical for NDX, resistance is seen at 19000.00 - Psychological round number.
A clear break, would see next resistance at 19176.16 - 2.236 projection of the Apr 19 - Apr 29 - May 1 price swing (see Chart)- Calls: SPX: 5,341.3 (+0.6%); DJIA: 39,690 (+0.0%/+19pts); NDX: 18,916.7 (+1.1%).
- Nvidia is up {r^} 6.8% pre open.
Chart source: MNI/Bloomberg
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