☀️ Morning Prep
NQ ES GC Prep for Dec 23
📝 TL;DR
Gold is clearly the winner over night, with ES slightly leading. We have a few economic releases this morning, so that will offer some volatility.
Open to both sides. Prep over prediction.
⚡️Asking AI - Sentiment & Outlook:
$NQ: Mildly bullish; tech-led gains, but wedge breakdown risk
$ES: Neutral-positive; Santa rally hopes amid low vol.
$GC: Strongly bullish; record highs on safe-haven, dovish Fed
.
📅 Economic Reports & News
US Durable Goods, Price Index, Industrial Production, Consumer Confidence
These should offer some movement in the morning 🤞
📊 Futures Indices
NQ - Continuing to push higher with higher POC volume.
ES - Pushing higher barely breaking yesterday’s high. Leading us up.
RTY, YM - Pulling back with lower POC volume.
VIX, DXY - Cooling and falling a bit more.
TVC - Consolidating near Sept - Nov highs
GC - New. All. Time. Highs. Wow.
Overall, GC is the standout with convincingly higher pricer while ES inches higher, with NQ following. RTY and YM seem to be lagging now.
⚡️Review of Top QQQ / NQ Related
APPL - Selling off a bit more, watching if support continues to hold
MSFT, AMZN - Pushing up, at top of wedge. Breakout?
GOOG - Rebounding off support, lets see if we continue up or consolidate.
META - Trying to push up, but starting to stall…
NVDA - Gapping up higher yesterday, but CVD candle turned red.
TSLA - Strong new high with higher POC volume, but could not close at highs.
QQQ - Broke higher, closed down with red CVD, pre-market holding support.
Overall, TSLA leading but most names look like they are trying to turn up.
⚡️Review of Top SPY / ES Related
AVGO - Continuing to bounce off support, higher POC volume.
BRK - Push up after breaking previous candle low. Going lower?
JPM - Pushing up and closed higher. Pre-market at new highs.
LLY - Broke higher high yesterday, but POC volume falling. Out of steam?
V - Green CVD, looks poised to break out of range. Strong.
NFLX, COST - Weak. Bear flag. Going lower.
SPY - Pushed up, strong lower wick, red CVD still…
Overall, JPM and V look the strongest, but NFLX, COST look equally week.
⚡️Review of Gold / GC / GLD Related Tickers
TIPS (Inflation Protection) - Continues to fall, supporting rise in gold.e
DXY (US Dollar) - Falling testing recent support
DBC -(Broad commodities) - Gapping but up pre-market. Gold is the strength.
BTC - (Bitcoin) - Sideways, red CVD, coiling in a range.
GLD / GC - Up up up.
Overall, Gold is strong by itself.
🔑 Key Levels
NQ - 25500, 25600, 25660, 25730
ES - 6890, 6910, 6922, 6935
GC - 4410, 4485, 4500, 4530
📈 SPX Gamma Levels
Staggered big positive and negative gamma levels 6850 - 6855, 6900 - 6905
