We’re on Day 4 and the market is no longer being polite.
Quick Refresher:
- Solid lines = VAH & VAL (the main neighborhood where most trading happened)
- Grey/white lines = POC (the market’s favorite hangout spot)
- Blue dashed lines = Big yearly structural levels
Day 4 Observations:
/$ES – S&P 500 Futures Strong rejection off the POC, driving price back down into previous value areas. She’s not letting buyers through easily
/$GC – Gold Moving from one level to the next. The dollar strength story is looking like a solid explanation right now. Is gold acting more like a risk-off asset lately? We’ll see.
$DXY The world reserve currency is getting stronger. Watch how other currencies behave against it. Classic reminder: dollar up → oil up, dollar down → oil down… for now.
/$CL – Crude Oil Not sure if a “pause” during a war is something the oil market actually believes in. The chart is telling a different story.
/$10Y – Treasury Yield Creeping up again today. Bonds got surprised once more. This could push mortgage rates higher in the short term and put pressure on housing and mortgage applications.
/$BTC – Bitcoin Having a hard time acting like its “own” currency. Remember: regular currencies usually move 1-2%. Bitcoin moves like a commodity — high volatility included.
$ARM Hanging right on top of those value areas. The wicks are kissing the VAH and POC almost perfectly. Hard to buy something that’s already run this much.
Bonus Ticker: $NVDA The AI chip leader is starting to show its true colors. Worth keeping an eye on.
Full post with all charts, levels, and daily observations is here:https://phantomlevels.substack.com/
My Linktree for updates: https://tr.ee/lMsYcPPCoT
Not financial advice — purely educational.
