Macro: Geopolitical | Economy

—> Oil stable, futures modest gains

—> Retracement conditions intact

Pre-market:

QQQ —> +1.50. ST support — ~632-3

MSFT —> gapping to 617.50 resistance zone.

Active Positions —> UPS | NKE

No change to 8pm Briefing

MSFT retrace trade (Apr 24, 400P)

Retrace target —> 406-408

Refinement —> because MSFT went at least 10 points past (407.50) entry, ~break-even exit becomes objective

—> New entry above 417.50 should deliver retrace objectives.

System objective —> thesis failure = break-even to -10%