Aleksandra Jensen @RainbirdFx: "Good afternoon, ladies and gentlemen The..."

Denmark

Good afternoon, ladies and gentlemen The sharp selloff late last week, led by silver and gold, was less about fundamentals and more about something markets always underestimate: leverage unwinding. When positioning becomes one-sided and heavily geared, even a shift in narrative can trigger forced selling — and that’s exactly what we saw. The trigger was Donald Trump’s nomination of Kevin Warsh as the next Fed Chair, which markets interpreted — rightly or wrongly — as a potential move away from unconditional monetary support. That perception alone was enough to crack crowded trades. From a US equity perspective, the weekend opening already delivered an important message. The NASDAQ dropped to around 25,050, before stabilizing and recovering toward 25,325. Key technical levels now matter more than headlines: Primary support: 25,000–25,050 Next support below: 24,850, the January 21 washout low Deeper support: 24,400 if volatility accelerates Resistance: 25,800–26,000, where sellers are likely to re-engage As long as the $NSDQ100 holds above 25k, this remains a reset, not a breakdown. A clean break would likely trigger a fast test of 24,850 — a level where forced selling previously exhausted itself. The $SPX500 showed a similar pattern. Futures briefly slid to 6,840 before buyers stepped in as the European session opened, lifting the index back toward 6,900. Initial support: 6,850–6,800 Stronger support: 6,700 if risk-off momentum builds Resistance: 6,950–7,000, now a key psychological zone Technically, this isn’t panic — but it is fragility. Markets remain elevated and optimistic, yet far more sensitive to disappointment than they were a week ago. This matters because leverage wasn’t confined to metals or crypto. It was embedded across AI, software, and high-growth equities, supported by the assumption that liquidity would remain abundant. Once that assumption wobbles, correlations rise — and exits get crowded. The next catalysts arrive quickly. Earnings from $PLTR (Palantir Technologies Inc.) $AMD (Advanced Micro Devices Inc) $GOOG (Alphabet) Amazon, and MicroStrategy, followed by Friday’s Nonfarm Payrolls, will determine whether this pullback stabilizes or broadens. Strong earnings and steady labor data could calm markets fast. Misses, however, would meet a market that is now far less forgiving. Bottom line: This is not a bear market call, but it is a reminder that when leverage leaves the system, price discovery becomes honest — and volatile. Clear & Simple Recap – Last week’s sharp moves were mainly about too much leverage leaving the market too quickly. The NASDAQ dropped toward 25,000, then bounced. As long as that level holds, markets are shaky — not broken. The S&P 500 dipped to 6,840 and recovered, showing buyers are still present, just more cautious. This week matters because: Big tech earnings will test confidence US jobs data will shape interest-rate expectations Volatility may remain elevated Fast drops don’t automatically mean long-term trouble — but they do mean risk is back. Patience matters more than chasing rebounds. I wish you all a nice and årpfotable week ahead and all the best A www.breakingthenews.net/Article/US-futures-down-as-oil-precious-metals-plunge/65586109