Early Update – NDX @ Technical Resistance; Gold Makes New Record High
12:13 p.m. ET Conviction today is waning from yesterday as the Nasdaq-100 hits technical resistance at its 50-day SMA and is disconnected from the now positive correlation with yields. Gold is making a new record high this morning as price breaks out of the 4 week consolidation. Another central bank is frontrunning the Fed. Like…
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