By Licia Leslie
February 13, 2025
Hi Shoppers,
The market started out the day gapping down on the CPI news but rallied into the end of the day:
What is most important is the fact that it closed above my $6027 support level.
This is a key level to watch.
We close below there and we will trade down to $5964 and then $5900.
Also watch the MACD as it looks to be trying to turn bearish.
Now I have a shorter term down trend line that coincides with my pitchfork resistance at $6095.
It looks to me like the market may decide to hang out here for a while.
Although we do have the Producer Price Index this morning.
Trade accordingly.
Trade Review
Nvidia (Ticker: NVDA) cleared $131 and traded up to $135. It is currently retesting that $131 and could be a place to get in again, still looks bullish to me.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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