The stock melt up has continued to start the week with the S&P500 and NASDAQ closing again at new Highs. The DXY remains range-bound and so there has been little change across most Forex pairs. Caution is needed as this relative quiet may well continue until the release of Friday’s NFP.

Data:

DXY daily: still range-bound:

Facebook weekly: FB has made headlines with its strong start to the week BUT note the bearish divergence shaping up here:

Markets:

S&P500: a new High for the index and note the hold above the key 4,150 area.

S&P500 4hr: watch 4,300 for any new make or break:

S&P500 weekly: recall that the 4,150 was a major S/R region for the index as it was the 161.8% Fib extension of the Covid swing Low. The 200% is not a true Fib level BUT will likely offer some clout so watch this level if the index keeps pushing higher. This level kicks in near 4,600:

ASX-200 4hr: still range-bound:

Gold 4hr: still range-bound:

AUD/JPY 4hr: revised trend lines due to relatively low momentum:

NZD/USD 4hr: also revised trend lines due to relatively low momentum:

Other charts: pretty much as per weekend analysis.