NQ
London, early-morning, we’re currently sitting at 25,059. Internally, above us, we have 25,376-88, then 25,453-60, 25,917, 25,968-98. Below us, we have 24,698-677, 24,578–558, and 24,522.
We’re currently sitting inside the 5-day composite at 24,908 early London, above the POC sitting at 24,813. The composite high is at 25,000; acceptance above opens up our upper levels as noted above, beyond those 26,178, 26,177, then 26,257-72.
On the downside, pushing through our lower levels and accepting below the composite low of 24,698 and our lower 500 levels opens up 24,478 - a loss of this opens a run of the lows at 24,238. Then, lower we have 24,145-190, and then 24,030. A loss of that opens up a run through 23,800 to 23,650.
ES
ES - Market remains very choppy with bull runs followed by bear raids as the market decides which theme to run with on any given day. Pay attention to tariff headlines, Iran, and AI fears in particular. Support sits at 6815 with resistance marked at 6982, followed by 7010.
GC
London, early-morning, we’re currently sitting at 5,197, internally above we have 5,223 and 5,247. Above that, a weaker pivot at 5,340 before the main one towards ATHs at 5,555
Below, internally, we have 5,070, 5,010, and 4,932. Then, we have 4,885-76, 4,807, then weaker pivots 4,744 to 4,714 ahead of 4,607 and 4,521.
Cable (6B)
Cable (6B) - Sluggish week with tight ranges but still looking bearish, mostly due to poor economic conditions in the UK and noise surrounding a series of required rate cuts. Resistance has moved lower to the 1.36 area, whilst support at 1.3434 looks set to be broken. Below here opens the way to the lower 1.32 areas.
DAX
Dax - With the Dax looking strong over the last week, attention turns to the upside areas near all-time highs. On the way, we have 25471, 25595, before we look at 25641. Support lies at 25271, 25124, and as it stands today at the 20-period MA of 25021.