Good morning everyone!
Here we go, markets with new highs right inside their ETs and as very well anticipated as we had brought up the potential for new highs into the end of August already back in July. Beautiful move overnight for small caps as well, talks aside let’s dive right into the action to see where we stand ahead of today’s open.
Futures
- 1. Futures beautiful with new highs right inside their VST ETs, pretending for everything to keep moving in the same direction non-stop would be too much so no surprise if we see a move back below their respective VST RLs in the coming days. From here some bears back in play below ES 6435, bulls in full control above it. RTY note the lower risk/reward compared to yesterday, nice to see the VST RL raised dynamically to 2354, also in this case some bears to be found only below it.
- 2. VIX VST RL lowered dynamically to 15.67, market back in risk-off mode (VST-speaking) with ES below 6435 combined with the VIX breaking out above 15.67.
- 3. 826 VST uptrends out of 1245 tickers, as you can see from the image below most tickers in uptrend still have room for new highs into Monday, while any new low for those in downtrend may be short-lived and lead to a bounce back above the VST RLs into next week. Data at hand we could be looking at a broad upside at least from here until Monday, but of course do check the individual tickers levels on our Discord channel to get the specific direction, estimated top/bottom and price levels as not everything moves in the same direction as the futures.
Uranium and Energy
- 4. Uranium (URNJ) remains early for the bulls as sector as it enters its VST ET on Tuesday, CCJ bulls in complete control above the VST RL 72.18, DNN above 2.26 (unless the bulls are willing to risk 6% to 2.02), UUUU above 11.01 (note the much lower risk situation compared to yesterday), FLR helps out with the VST CZ 41.50-43.81, usual interpretation so bullish above, bearish below and expect a waste of time in between.
- 5. Oil enters its VST EB today, bears in complete control below the RL 64.53. XLE bulls in play above the VST RL 87.33 with the ST bulls relaxed above 84.25 heading toward the 2nd half of September, OXY unchanged bullish above the VST RL 44.55 but for proper risk-assessment keep in mind that this upswing has been lasting longer than average on both VST and ST.
- 6. Nat Gas enters its VST ET today with this potential dead-cat bounce, UNG keeps hinting at further lows heading toward next week so good to monitor the tight VST CZ 12.09-12.49, usual interpretation.
Gold and Silver
- 7. Gold bulls in complete control above the VST RL 3412, easy slow-mover, no need to overthink. ST ET 9/8-9/12.
- 8. Silver unchanged bullish above its VST RL 38.32 as it enters its VST ET tomorrow, bulls in complete control above this level. ST ET 9/23-9/28.
Individual Tickers
- 9. GME usual copy-paste of the last couple of months, bulls present only on a breakout above the VST RL 23.18.
- 10. AMC VST RL lowered dynamically to 2.99, bulls back in play only on a breakout above it.
- 11. AAPL nice upside, bulls in complete control above the VST RL 223.78, ST ET also in this case in mid-September.
- 12. TSLA what to say, just happy to see our call bearing fruit even with a couple of retests of the previous ST RL 344.16, from here the current active risk is about 6.4% toward 329.55, bulls in play above this level as it enters its VST ET today (read: further VST upside likely to be short-lived.)
- 13. NVDA earnings reaction with a bounce to the penny on the VST RL 171.96, needless to say bulls very much alive above this level.
- 14. AVGO uncorrelated with NVDA for once, bulls back in play only on a bounce and breakout back above the VST RL 307.61.
- 15. PLTR zigzagging with about 2.8% active risk toward the VST RL 150.39, we’re interested in longs only if the bulls can stay above it.
- 16. UPST exits its VST ET today, about 6.5% active risk toward the RL 64.73 so keep this in mind for proper risk-management if you’re long.
- 17. CVNA usual beauty as it enters its VST ET today, from here most bulls are waiting for a breakout above the ST RL 380.77 to avoid risking a 7.3% drop back toward 345.2.
Chinese Stocks
- 18. BABA also enters its VST ET today, about 3.2% active risk so better risk/reward than many other tickers mentioned in this post.
- 19. NIO exits its VST ET tomorrow, bulls in complete control above the RL 6.07 but this also means a 6% active risk from the current level. Most bulls are likely waiting for the next VST downtrend to bottom between 5.46 and 6.07 to add new longs expecting new highs into September.
FX
- 20. EURUSD usual copy-paste, bulls in play only back above 1.17.
- 21. USDJPY helping out with the ST CZ 145.71-147.43 as it exits its VST EB today, bulls interested in new longs only on a breakout back above the ST RL 145.71.
Crypto
- 22. Crypto VST dead-cat bounce in play with potential new VST uptrends confirmed today in case of continued strength above the respective RLs, that is BTC 113376 and ETH 4704. Said this BTC remains bearish on the ST below the RL 120233 with its EB starting on Saturday, ETH bulls in complete control above the RL 4101 heading toward mid-September.
- 23. Miners with MARA helping out with the ST CZ 15.77-17.86, RIOT bulls back in complete control in case of breakout above the ST RL 13.82, keep an eye on both tickers as their breakouts should be quite easy to trade.
All in all, markets pushing into new highs right inside ETs makes today’s setup one of the more delicate ones—strength is undeniable, but risk/reward narrows quickly. Futures are extended and likely to retest VST RLs soon, with the broader ST trend still intact above ES 6312. This means late entries carry poor payoff unless positioned right on RL retests. Energy and uranium remain laggards as sectors, but names like CCJ and UUUU still provide clean levels for bulls once ETs align, while oil and nat gas both lean bearish beneath their RLs. Precious metals remain the more stable backdrop with gold and silver holding their bull lines.
On equities, leaders such as TSLA and NVDA continue validating prior calls, but with ETs starting today the risk of short-lived VST upside is high. AAPL and CVNA offer clearer support-based setups, while PLTR and UPST are in noise zones until they clear key levels. In crypto, the bounce may tempt bulls but BTC’s ST structure still argues caution unless it clears back above 120233. Overall, the framework hasn’t changed: bulls are in control, but discipline around RLs is crucial with ETs in play. Happy trading!