Economy | Geopolitical

Market largely shook off Iran headlines from weekend.

Oil (WTI) – closed higher —> faded ~88 to ~85 at 4pm.

UPS NKE—-> relative strength

Early head-fake Tech strength faded —> contained at 1st level resistance +/-

MSFT – system triggered short entry trade —> upside of ~30%. Accepted break-even —> failed downside follow-through, along with QQQ

Watch list

TSLA – high of 410 (+10) before fading 22 points, through micro support ~394

374-376 Kijun convergence (2hr / Daily) – post earnings entry zone

QQQ – low of 642.50 —> close to gap-fill target. 1hr Kijun – ~640

BTC – strong defence of 72-74K zone. —> important support (Daily Kijun 72K)

Active Positions

Current Limit Orders – See HQ (members) —> no changes

UPS / NKE —> both saw weakness get bought.

UPS

Earnings —> Apr 28. Likely full system profits ahead of news —> ideally towards 110 profit zone.

NKE

Firm buying into the close —> reclaim of downtrend channel

Off ~75% long-term decline —>base forming, structure improving. Position can be scaled back toward full.

—> 2 hr chart in profile

Market working off overbought condition.

At next inflection point —> several mini H/S patterns in various ST tech charts.