Intraday Market Thoughts

Nasdaq Bounce

Jun 8, 2026 12:17 | by Ashraf Laidi

We have seen how Nasdaq100 peaked at the 19% extension from its 200-day moving average, before tumbling 6%. The 19% pattern was referred to in this video.  The market will likely hold above the 28000 support--underlined by the May 6 gap-- and capped by the 29700 resistance, highlighted by the May 26 Gap.  More details to members of the WhatsApp Bdcst Group.

Click To Enlarge
Nasdaq Bounce - Nasdaq 200 Dma June1 (Chart 1)

Bitcoin Gold DowJones

Jun 3, 2026 20:51 | by Ashraf Laidi

Here are the most correlated years to 2026 in gold, DowJones and SaudiArabia's TADAWUL - TASI Index. Watch here. 

Nasdaq DMA Exhaustion

Jun 2, 2026 10:05 | by Ashraf Laidi

Each time Nasdaq pushed this way above its 200 DMA, it corrected significantly. Will there be a 3rd time ? Find out in this 90-second video

Revealing the Trade

May 28, 2026 21:11 | by Ashraf Laidi

The high probability trade for June and July is revealed in this short video. Watch here. 

The Nvidia Reversal

May 20, 2026 19:47 | by Ashraf Laidi

Nvidia earnings are due today after the closing bell. Research from Bloomberg (see chart below) indicates that gains or losses seen in the S&P500 emerging on the day of the releases, were usually reversed following day. With earnings guidance already elevated and stock up 30% off the March lows, there remains ample room for disappointment. Will the S&P500 bounce be sold the next day? Bloomberg highlights the number "$1 trillion", referring to CEO Jensen Huang's minimum projection for sales of Blackwell and Rubin AI chips in 2027. There's also the possibility of rising input/energy costs. Also, is the S&P500 or Nasdaq100 showing a right shoulder top near 7450 and 29350 respectively? 

Click To Enlarge
The Nvidia Reversal - Nvda Earnings (Chart 1)


Archives