Quad Witching | Morning Express | 3/17/2023
Posted: March 17, 2023, 9 a.m.
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E-mini S&P (June) / E-mini NQ (June)
S&P, yesterday’s close: Settled at 3994.50, up 69.50
NQ, yesterday’s close: Settled at 12,715.50, up 337.50
- Although we remain cautiously Bullish in Bias, it is prudent to capitalize on the strength ahead of the weekend.
- If you have been following us, you know we believe leadership is tech, but the NQ is running into the February 16th selloff and the S&P last Thursday’s selling at the start of the banks scare.
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NQ (June)
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Crude Oil (May)
Yesterday’s close: Settled at 68.52, up 0.78
- May contract is now front month, April options expired yesterday and futures begin rolling off.
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Gold (April) / Silver (May)
Gold, yesterday’s close: Settled at 1923.0, down 8.3
Silver, yesterday’s close: Settled at 21.692, down 0.19
- Gold is chewing through major supply at 1930.8-1936.4 and previous highs on the week at 1942.5.
- Silver is lagging and so far contained by strong overhead resistance at 22.26-22.45
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Silver (May)
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