☀️ Morning Prep
NQ ES GC Prep for Dec 29
📝 TL;DR
CME increases margins for metals
Nice sell off over night across the board
Attention will be on GC or NQ for more downside, but won’t over stay
📅 Economic Reports & News
Dec 29 - Pending home sales, Crude Oil, US 3-Month Bill Yield
CME increases margins for metals
📊 Futures Indices
NQ - Nice rejection pullback at resistance.
ES - Nice pull back into previous resistance.
RTY - Minor pull back, testing yesterday’s low.
YM - Minor pull back, testing yesterday’s low.
VIX - Small gap up, starting to rise, but still low.
DXY - Inching upwards, breaking yesterday’s high
TVC - Testing yesterday’s low. Lets see if 4.10s continue to hold
GC - Nice sell off, breaking the last few days lows.
Overall, heaving pull back in GC and NQ. Let’s see if the other Indicies can stay up.
⚡️Review of Top QQQ / NQ Related
Overall, all top names are having a bit of a gap down in pre-market
⚡️Review of Top SPY / ES Related
Overall, tickets are neutral; some having a small gap up and others small gap down
⚡️Review of Gold / GC / GLD Related Tickers
Overall, sell off in metals, lead by Silver as CME increases margin requirements.
🔑 Pre-Market Orderflow
Spotlight on GC -
Bearish volume, with recent bearish imbalance at 4450s
📈 SPX Gamma Levels
Above 6920 for more upside and 6885 looks like support
