Wednesday, January 7, 2026 10:13 AM EST
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S&P 500 and Nasdaq prepared a bear trap, and it was essential to turn around bullish fast to secure daily gains. Following the retail opening part, solid retracement to my key 6,955 level came – accompanied by no less than textbook bullish rebound off this retest. So, clients benefited much on the total of fast moves yesterday.
The same is true today regarding precious metals moves – taking advantage of the first decline this week premarket. The dollar is slightly firming up, and that will bear upon risk taking in general, and its best indicator will be the shallow correction in most real assets except for oil.
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Disclaimer: All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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