We got two significant economic releases this morning. First, let’s take a look at the ISM services index. I’ll examine the November JOLTS report separately.

Cable Can Be Looking For The Support, as we see it finishing a five-wave decline that can cause a recovery.

The last systemic or significant change in our Federal Reserve’s monetary policy occurred in 1971, when gold backing to our dollar was completely removed, and the United States transitioned to a centralized, completely fiat monetary system. 

Looking for a bottom in wave 4 in place or soon to be. Wave 3 is just a bit short of 1.618 3 vs. 1, looking for overall upside towards TradingLevel1 at 1000$.

S&P 500 rose also after the opening bell, and clients were ready with the weekend upswing call thanks to notable breadth improvement.

Over the last few trading sessions we have seen the power of the Nvidia (NVDA) halo.  The halo is the coming to us in the form of investments NVDA has made in some smaller companies that are partners and or customers. 

According to recent trades and after its sharp losses, the EUR/USD exchange rate is heading towards parity.