Markets are grinding lower again this morning.
S&P futures down ~0.3%. Nasdaq off ~0.4%. Gold slipping under $5,000. Silver getting hit harder.
This isn't panic selling. It's continuation.
Yesterday's post-Fed selloff (Dow -750 points, S&P -1.36%, Nasdaq -1.46%) didn't get bought. And now we're waking up to more of the same.
The setup right now is messy.
Oil's still hovering near $97. The Fed's hawkish. Inflation's sticky. And liquidity signals are starting to conflict.
Which means the weekly close matters more than usual.
Gianni Di Poce is going live at 8:45 AM ET to walk through what bulls and bears need to see before Friday's close — and what happens if we don't get it.
He's covering:
→ The energy problem — why oil at $97 changes everything (and what level breaks the narrative)
→ Key chart levels on the NQ, SPX, and more — where support actually lives vs. where everyone thinks it does
→ What bulls and bears want to see on the weekly close — and why one side is about to get very disappointed
→ Conflicting liquidity signals — the data that's flashing green while price action screams red
This isn't a "wait for the afternoon" kind of session.
Gianni's walking through the full top-down view while the market's still figuring out what it wants to do.
See you there.
— TheoTrade