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Friday morning, and the setup is about as tight as it gets.
SPY, QQQ, and NVDA are all sitting within cents of their pivots heading into the 8:30 AM jobs report. QQQ’s actually trading a few cents below its level right now. NVDA is dead-on. Nobody has real room to be wrong.
That’s not a coincidence — it’s the same complex that got rejected synchronized across all three names on Thursday, now opening at recalculated levels with even less margin than before.
Today’s report has the full breakdown: the recalculated pivot/resistance/support framework, six R:R structures across SPY, QQQ, and NVDA (long and short, all clearing better than 2.9:1 on two of the three names), the thesis tree with probabilities on each scenario, and exactly what invalidates the setup in either direction.
Here’s the part that doesn’t end when the closing bell rings today.
However the jobs number resolves this morning, two threads carry straight into Monday’s report regardless of which way price breaks:
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• Nasdaq breadth has been deteriorating for two straight sessions — % of Nasdaq–100 names above their 50–day average dropped from 56% to just barely above half. That’s not a one–day story.
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• Real yields have been the more persistent headwind on QQQ and NVDA specifically than the nominal 10–year — a pressure point that doesn’t reset just because today’s print lands.
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Monday’s report picks up exactly where today leaves off — confirmed breakout, confirmed rejection, or another day of chop — plus whatever the weekend news cycle adds on top.
If you want to see how today actually resolved and where the framework stands heading into next week, now’s the time to get in.
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