Charts I'm Watching Today

/NQ (Nasdaq 100 futures) remains above both yellow uptrend line (which aligns with the QQQ 60-min uptrend line) as well as the 8200 support level with a near-term sell signal pending a solid break below those levels. 60-minute chart:

The risk-off assets are in precarious technical postures as we head into the final trading session of the week (i.e.- with the weekly candlesticks finalized at 4 pm today). /GC (gold futures) starts the early trading session cracking below the 1466ish resistance level & ideally needs to snap back above to close the week above that level & keep the potential RSI divergence intact.

GLD (gold ETF) heads into the final trading session of the week just above the key 137ish gap support/bottom of the 3-month consolidation/trading range so how it closes the week today could provide some clues as to the next near-term & possibly intermediate-term trend.

Make or break time for TLT as it tests intersecting uptrend line support with just today’s trading session remaining before this week’s candlestick is finalized. Weekly chart below:

/ZB 30-yr bond futures are trading just below the 158-157 support zone as well as the primary uptrend line as we head into the final trading session of the week… a bearish & precarious technical posture (i.e.- a breakdown unless it can snap back above those former support/now resistance levels soon). Daily chart:

IEF (7-10 yr Treasury Bond ETF) would have to rally & close up about 1% or more today in order to print a weekly candle back on or above this weekly uptrend line it is currently trading below with a solid close below increasing the odds of more downside to at least the 109 area. Weekly chart:

Watching to see if /ZN (10-yr T-bond futures) will print a weekly close above, on or below the 128’132 level as we head into the final trading session of the week. Daily chart:

/CL (crude futures) broke below the uptrend line triggering the next sell signal & is currently trading on the first price target/support following a very slight momo-overshoot with the next sell signal to come on a break below today’s lows. Previous (yesterday’s) and today’s updated 60-minute charts below.