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That Was the SPX Dip


November 9, 2023 ( Newswire) Now comes the upswing continuation without much ado - and you as clients are reaping benefits whether in ES or in DAX. The sellers were unable to break through the 4,371 - 4,382 support zone, and the stock market rally continued on retreating yields (and not too bad bond auction yesterday)

Tellingly, the sellers had no success following through with the feeble downswing attempts that reached only mid 4,360s earlier in the week. That's a clear sign that that profitable positioning for clients, keeps making best sense (and these gains keep growing still - look no further than the bullish BTC and ETH as signs of confirmation themselves as to crypto having turned bullish too).

I'll therefore spend more time commenting on markets live today, and of course you've noticed both gold break below Tuesday's lows (yes, I advised clients yesterday that such a break is very much possible, and gave a support target too), and the same goes for continued oil vulnerability to the downside. Rich chart section has more details.

Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren't enough) - combine with subscribing to my Youtube channel, and of course Telegram that always delivers my extra intraday calls (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock.
So, make sure you're signed up for the free newsletter and make use of both Twitter and Telegram - benefit and find out why I'm the most blocked market analyst and trader on Twitter.

Let's move right into the charts (all courtesy of - today's full scale article contains 6 of them.

This market breadth commentary - and its resolution - make it clear why I weren't looking for a successful correction following Tuesday NYC lunch time, let alone rolling over to the downside.

Stocks and Sectors

Following yesterday's AMZN and MSFT talk, I would add to the (self evidednt) bullish picks AAPL as well - the prospects for a shallow pullback are there, but likely not hitting over the nearest days even as S&P 500 market breadth would continue expanding.

NVDA sellers did as much as they could - and the Aug highs would be overcome during Q4 rally. Semiconductors are to still keep doing fine.

Gold, Silver and Miners

Precious metals are approaching and bobbing above the target given, and low volume confirms hesitation of buyers to step in. The 200-day moving average will be tested in the end, yet that would leave gold with a good snapback rally potential.

Thank you for having read today's free analysis, which is a small part of my site's daily premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, miners, oil, copper, cryptos), and of the daily premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates.

While at my site, you can subscribe to the free Monica's Insider Club for instant publishing notifications and other content useful for making your own trade moves.

Turn notifications on, and have my Twitter profile (tweets only) opened in a fresh tab so as not to miss a thing - such as extra intraday opportunities. Thanks for all your support that makes this great ride possible!

Thank you,

Monica Kingsley
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

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