​
https://preview.redd.it/xoynfuer683d1.png?width=347&format=png&auto=webp&s=c78b8d6eabad5b5a3b15464c5a7aa98dd686cb1c
While precious metals are on most investors’ radar more or less of the time, others sneak up on the markets. We went through lithium cobalt, etc, and while those commodities are still maintaining a level of interest and robustness, the latest interest has developed in Uranium. Therefore, an example of a decent player in the sector is warranted. The choice is Generation Uranium Inc. (the “Company” or “Generation”) (TSXV: GEN).
​
https://preview.redd.it/d79g23ys683d1.png?width=1387&format=png&auto=webp&s=91498f31e769937cd1e2d1cbc07ecac40a12889c
Here is the CORPORATE PRESENTATION for those who want a quick fix.
For context, this is one of many price forecasts for a metal at the forefront of a commodity that is becoming scarcer. I suggest the numbers below are conservative.
​
https://preview.redd.it/2o4br5nt683d1.png?width=1893&format=png&auto=webp&s=44c0aaea617bf4c2880cfef7b85e519aa9204ac5
Giant Cameco (CCO) states these reasons for the growing need for Uranium.

• The first is to lift one-third of the global population from energy poverty by growing clean and reliable baseload electricity.
• Second, 85% of the current global electricity grids that run on thermal power should be replaced with a clean, reliable alternative.
• Finally, the goal is to grow global power grids by electrifying industries, such as private and commercial transportation and home and industrial heating, primarily powered by thermal energy today.

Big Uranium picture– supply/demand;
​
https://preview.redd.it/rhdc8lyu683d1.png?width=1377&format=png&auto=webp&s=2910fae48f7fb379657a7d3b319f385f7c841e3c
https://preview.redd.it/xk75atyu683d1.png?width=1097&format=png&auto=webp&s=3d4f4181f58d0ab38f6f7b36ad67217cab3615d8
Now that we have set the context let’s talk about GENERATION uranium. Since this is an intro piece, I will likely lift some stuff from the website. This will provide a basis for ongoing development as we progress in future pieces. As you can see, the area is the ‘box’ for Canadian uranium mining. At the lower portion of the Athabasca, the impressive Skyharbour Resources (SYH.V) holds large and prolific projects.
Gens’ wholly-owned Yath Project is located in the prolific and underexplored Thelon Basin in Nunavut, Canada. It is situated along the trend from the 43 million lbs Lac 50 uranium deposit being advanced by Latitude Uranium, a company currently being acquired by ATHA Energy Corp for an all-share acquisition valued at CAD 64.7M.

• Stable Mining Jurisdiction
• Strategic Land Position
• High-Grade Historic Results
• Near-term Drill Target Potential
• Extensive Historical Work
• Surrounded by Latitude and Atha Energy
• Unconformity & Beaverlodge Deposit Targets

There are significant mines in the area that add to the potential of GEN;
​
https://preview.redd.it/ydc1kk1w683d1.png?width=1375&format=png&auto=webp&s=aac7d3bb5876a46bb4e2195765dad3fecdcc7fa1
On March. 20,2024, GEN announced drilling would commence on its Yath project.
Gen also announced that the inaugural exploration program on its self-same Yath project will begin on its 85km², 8,500-ha property located in the Thelon Basin in Nunavut, Canada. Due to strong historical sampling and anticipated long-term elevated world spot uranium pricing due to favourable supply and demand dynamics, the Company anticipates expending significant capital resources into the basin in 2024.
“With high-grade historic results and extensive historical work, the Company is anticipated to resume additional field exploration in the coming weeks at Yath to better decipher the near-term drill target potential of known uranium mineralization. Generation believes in the untapped potential at Yath, as adequate diamond drilling was never conducted as a consequence of the downturn in uranium prices subsequent to the Fukushima nuclear incident”.
Generation Uranium as a proxy is quite simple. The Company doesn’t own dozens of disparate properties but has decided to be more direct. It holds an option to acquire a 60% interest in and to the Arlington Property, located within the Arrow Boundary District of south-central British Columbia, and a 100% interest in the Yath Uranium Project, located in the Territory of Nunavut.
The stats for the Yath project look impressive enough to warrant a position as a growth stock and a proxy for the scarcity of Uranium.
No matter the makeup of uranium-generated power, it will always be ‘clean and green’ or grey or…well, you get the point.

​
https://preview.redd.it/n52muw0k683d1.png?width=347&format=png&auto=webp&s=c0ced2cecd9f3c7be3afe3a496cf952f352877ff
While precious metals are on most investors’ radar more or less of the time, others sneak up on the markets. We went through lithium cobalt, etc, and while those commodities are still maintaining a level of interest and robustness, the latest interest has developed in Uranium. Therefore, an example of a decent player in the sector is warranted. The choice is Generation Uranium Inc. (the “Company” or “Generation”) (TSXV: GEN).
​
https://preview.redd.it/2ukiu1cl683d1.png?width=1387&format=png&auto=webp&s=fdd134f740e394aa88c984719fe3e2b5d3f7e2a5
Here is the CORPORATE PRESENTATION for those who want a quick fix.
For context, this is one of many price forecasts for a metal at the forefront of a commodity that is becoming scarcer. I suggest the numbers below are conservative.
​
https://preview.redd.it/236bn02m683d1.png?width=1893&format=png&auto=webp&s=ee314417c307ca3cf065774c12254d10ed89b4d1
Giant Cameco (CCO) states these reasons for the growing need for Uranium.

• The first is to lift one-third of the global population from energy poverty by growing clean and reliable baseload electricity.
• Second, 85% of the current global electricity grids that run on thermal power should be replaced with a clean, reliable alternative.
• Finally, the goal is to grow global power grids by electrifying industries, such as private and commercial transportation and home and industrial heating, primarily powered by thermal energy today.

Big Uranium picture– supply/demand;
​
https://preview.redd.it/h15h7c6n683d1.png?width=1377&format=png&auto=webp&s=5c395cca5ee340579c7bbf974976dd98a8a1ecb1
https://preview.redd.it/4sxg4i6n683d1.png?width=1097&format=png&auto=webp&s=0c6b50da3359cae634256c5ff1177046d2eca622
Now that we have set the context let’s talk about GENERATION uranium. Since this is an intro piece, I will likely lift some stuff from the website. This will provide a basis for ongoing development as we progress in future pieces. As you can see, the area is the ‘box’ for Canadian uranium mining. At the lower portion of the Athabasca, the impressive Skyharbour Resources (SYH.V) holds large and prolific projects.
Gens’ wholly-owned Yath Project is located in the prolific and underexplored Thelon Basin in Nunavut, Canada. It is situated along the trend from the 43 million lbs Lac 50 uranium deposit being advanced by Latitude Uranium, a company currently being acquired by ATHA Energy Corp for an all-share acquisition valued at CAD 64.7M.

• Stable Mining Jurisdiction
• Strategic Land Position
• High-Grade Historic Results
• Near-term Drill Target Potential
• Extensive Historical Work
• Surrounded by Latitude and Atha Energy
• Unconformity & Beaverlodge Deposit Targets

There are significant mines in the area that add to the potential of GEN;
​
https://preview.redd.it/bkpstywo683d1.png?width=1375&format=png&auto=webp&s=a87acaa41aaafbe6c45b7627ad6d6cff00d1e28e
On March. 20,2024, GEN announced drilling would commence on its Yath project.
Gen also announced that the inaugural exploration program on its self-same Yath project will begin on its 85km², 8,500-ha property located in the Thelon Basin in Nunavut, Canada. Due to strong historical sampling and anticipated long-term elevated world spot uranium pricing due to favourable supply and demand dynamics, the Company anticipates expending significant capital resources into the basin in 2024.
“With high-grade historic results and extensive historical work, the Company is anticipated to resume additional field exploration in the coming weeks at Yath to better decipher the near-term drill target potential of known uranium mineralization. Generation believes in the untapped potential at Yath, as adequate diamond drilling was never conducted as a consequence of the downturn in uranium prices subsequent to the Fukushima nuclear incident”.
Generation Uranium as a proxy is quite simple. The Company doesn’t own dozens of disparate properties but has decided to be more direct. It holds an option to acquire a 60% interest in and to the Arlington Property, located within the Arrow Boundary District of south-central British Columbia, and a 100% interest in the Yath Uranium Project, located in the Territory of Nunavut.
The stats for the Yath project look impressive enough to warrant a position as a growth stock and a proxy for the scarcity of Uranium.
No matter the makeup of uranium-generated power, it will always be ‘clean and green’ or grey or…well, you get the point.

3 new of my metallic don!! Designs! I'm loving how these continue to come out. New up will be Katakuri and Bonney. You can't find these over on my website https://negative-edge-proxies.company.site/

my host (OVHCloud) telling me it was receiving suspicious traffic. i own domain a thru Cloudflare. 3 sub/domains setup for websites and Minecraft Server.:. secretpanel.servername.net , www.servername.net are set up with Cloudflare proxy. play.servername.net (Port 25565 and 19132 Java and Bedrock editions of Minecraft) are setup with DNS only -as turning on Cloudflare proxy for the "play" subdomain stops the server being connectable in game. What can i do for a solution.
Thank you in advance, sorry if makes no sense I'm writing this on 4hours sleep.

To begin with, it's worth finding out what a mobile proxy is. It is a type of proxy that you get from the regular SIM card of a mobile operator, and the type of connection here can also be different - 3G/4G/5G. Just like regular server proxies, mobile proxies act as an intermediary between the user and the endpoint of the connection, and the feature is that you use the network of the mobile operator and the SIM card itself to connect. And the key difference from server proxies here is that you get not static proxies, but a separate pool of rotating IP addresses. Mobile IP proxies are designed in such a way that IP addresses from mobile providers will be in continuous rotation, therefore, IP addresses will be constantly changed to new ones, which opens up unique opportunities if such proxies are used correctly.
Now, with this information in hand, we can deal with more detailed questions, specifically what is a mobile proxy farm and how to create your own mobile proxy.

Why should you create your own mobile proxy?

Creating your own mobile proxy can be a valuable venture, particularly for those looking to resell IP addresses. These farms are often demanded by medium to large companies that require a significant number of IP addresses. Quite often medium or even large businesses consider creating mobile 4G proxy farms in case they need a large number of IP addresses, as mobile proxy farms are not only cost-effective but also have a very high trust factor and are comparable only to residential proxies. While residential proxies are tied to traffic, mobile proxies have unlimited bandwidth, and this becomes a key factor in calculating costs. The rotation capabilities of a single mobile proxy allow for obtaining a thousand IP addresses per day without traffic limits, making them highly efficient in the market. The larger the business size, the more tangible the economic benefit of mobile proxies becomes for the company since the pay-per-traffic model of residential proxies will be less cost-effective for their high-volume IP address needs.
Therefore, 4G/5G proxy with rotation not only helps in the data collection process but also gives access to content that is geo-restricted and thus helps mask user activity. A own mobile proxy farm will be useful for such tasks:

• Cost-Effectiveness: Mobile proxies, with their unlimited bandwidth and rotation capabilities, offer a cost-effective solution, especially for businesses with high-volume IP address needs.
• Geo-Targeting: Mobile proxy farm gives you the ability to customize more precise display of ads based on specific countries and regions, according to the location of the key audience.
• Product Data Scraping: Mobile proxies enable point-by-point collection of product information, such as availability and price in specific regions, aiding in market discovery and trend analysis.
• Testing Applications: 4G/5G mobile proxies provide opportunities to test applications and websites in specific regions, ensuring functionality and performance.
• Network Activity Management: Within a company, mobile proxies can monitor traffic among employees, enhancing security and increasing productivity.

So if you're considering building your own 4G mobile proxy farm, this is an issue that deserves your attention, because you get personalized access to an entire farm with impressive features and no traffic limits. Mobile proxies continue to grow daily, opening up many new opportunities in a wide variety of industries. And for business solutions, mobile proxies are an integral tool that enables a variety of strategies.

What do you need to create a mobile proxy?

In answering the question of how to create your own mobile proxy, we need to consider all the components and equipment that will be required for such a purpose. To create a 4G/LTE mobile proxy you will need:

• SIM card: You need to choose the right operator, with the tariff plans you need.
• Modem/smartphone: The SIM card requires an activation and connection device. Each SIM card requires one modem, but you can also use a regular smartphone with 5G capabilities as a modem, and this feature will also be available on our service soon.
• Hub: You will also need a USB hub, ideally with 10 to 20 ports. You will need this connect hub to accommodate your modems with SIM cards.
• PC/Server: Any personal computer is required but with a Linux operating system installed on it. A TV tuner is also a good cost-effective option. Usually, modern models are built on hardware that can support multiple modems. In terms of cost, they will also cost less than PCs or servers.
• Mobile Proxy Control Panel: A special panel will also be required for modem management, which makes it easier to manage traffic and optimize the performance of proxy servers.

Mobile Proxy Control Panel Overview and Features

We have developed a convenient solution for managing your mobile proxy farm or individual modems, and this panel allows you to configure mobile proxies in the most detailed and convenient way due to its wide functionality and user-friendly interface.
We also offer several options for using your mobile panel. Namely:

• If you have all the necessary equipment, we offer a monthly subscription.
• If you do not have the equipment, we offer a pre-packaged set of equipment including delivery. But please note that the subscription is not included in this set and it must also be purchased separately.

To better understand how the mobile panel works and its key features, we suggest reviewing its complete structure to fully understand the functionality of the control panel.

Beginning work with the mobile control panel

First, you need to authorize the system. Once you have successfully done so, you will gain access to the mobile panel:
https://preview.redd.it/2aai7ga1k53d1.jpg?width=1024&format=pjpg&auto=webp&s=b8eacb44e9448161cca1336b5dfc978f97035cb6
Settings and notifications can be found in the top right corner. The dark theme function is also implemented.
https://preview.redd.it/wt9qmbt2k53d1.jpg?width=227&format=pjpg&auto=webp&s=9ba7ceb2ab7b5efbb7e32e45815508c9847b14f7
The account balance and the current status of your connected modems can be seen in the upper left corner.
https://preview.redd.it/vb5uu6z4k53d1.jpg?width=227&format=pjpg&auto=webp&s=0442f5d0fc56dcd38fcbe4a13c9bd11c80414230
The mobile panel has quite a wide range of functionality, the main functions are as follows:

• user data change to other user data;
• flexible authorization setup for all modems connected to your account;
• removing duplicates;
• the ability to track deliveries and manage payments;
• to manage proxy statuses, the ability to add your domains to facilitate rotation;
• convenient setting of notifications sent - to Telegram or your e-mail;
• several payment methods for balance replenishment, the most frequently used at the moment are available - crypto and bank card;
• flexible API options to meet your needs

https://preview.redd.it/sfe7dq56k53d1.jpg?width=193&format=pjpg&auto=webp&s=86d212616ea17f14d97b29444f1427d5e7d7c4f6
The mobile panel is divided into several main sections, namely: "Home", "Knowledge Base" and "Setup".
https://preview.redd.it/ewqgu7k8k53d1.jpg?width=398&format=pjpg&auto=webp&s=6c9f0abc9ba56d4d6164bb77a24d674272dc7d19

• "Home" - all connected hubs and modems are displayed here. This is the main working area and all settings can be conveniently configured here.
• "Setup" - in this section you can set up synchronization of your equipment with the mobile panel and also set up the necessary connection.
• "Knowledge Base" - a section with general information, answers to common questions, and various tutorials on mobile proxy configuration.

Mobile panel workspace key features

In this section, we will look separately at how the Home section is organized. Directly below the button, you can see a roster of live host tabs. Every tab functions as a graphical depiction of a connected hub, accompanied by its bounded modems.
https://preview.redd.it/o53x26y9k53d1.jpg?width=412&format=pjpg&auto=webp&s=10aa057456003d329299cc1f9deac4c4e181a0ad
By clicking on the three dots next to the tab name, you can delete an unnecessary tab or rename one of the tabs. Also, this Modem Management window consists of two sections: one (upper) for managing the selected modems, and the second (lower) serves as a knowledge base, which contains information about modems and SIM cards for a specific hub.

An explanation of the modem control panel

https://preview.redd.it/5idtvjabk53d1.jpg?width=746&format=pjpg&auto=webp&s=9a09cd6a8a59d7cff46bffd860a8cbb96bc825cc
Buttons on the modem control panel are responsible for different functions. The functionality breakdown is as follows:

• Export: This feature empowers you to generate a comprehensive list of all modems in your preferred format;
• Pause and Power Buttons: These buttons provide precise control over the operation of the chosen modem, allowing for seamless management;
• Plan: Sends you to the tariff setting window to make a payment. There are two tariffs currently available, "Basic" and "Advanced";
• History IP: Allows you to review the change history of IP addresses associated with a selected modem.
• Users: Grants access to the user management interface for the modem. Within this section, you can add users or remove them, also you can manage authorization types and other details, and individual user traffic consumption.
• Limits: Allows you to set traffic consumption restrictions both for the entire hub and for individual modems.
• Bin Icon: A handy tool to remove selected inactive modems, simplifying the management interface.

A detailed list of active modems

Let's break down exactly what kind of information the workspace contains:
https://preview.redd.it/399dwtedk53d1.jpg?width=1024&format=pjpg&auto=webp&s=93e1052bbe1418d1881f074202ec24240114b480
From left to right we see quite detailed information on each connected modem, we suggest going through each column:

• Checkbox Column: Crucial for the selection of modems, this column makes it easier for the simultaneous selection of all modems displayed on the page.
• Modem: Provides basic information about the modem, including the serial number, model, and the set tariff - "Basic," "Advanced," or "No Tariff."
• Status: Displays the current operational status of the modem - "Online," "Offline," or "Down." Additionally, there are displayed internet distribution indicators - green or red round icons, which provide quick visual insight.
• Provider: Shows the SIM card operator, and connection type and allows you to directly edit the SIM card number using the "Enter" button.
• Proxy: Displays the IP address and port of the mobile proxy linked to the modem, which supports HTTP and SOCKS protocols.
• IP: Indicates the IP address of the modem.
• Rotation: Provides options for IP rotation, such as setting rotation intervals, rotating IPs for all or selected modems, and link creation for proxy management and monitoring status.
• Updated: Displays the date of the last update for the proxy IP address on the modem.
• SMS: Controls reading SMS messages and sending USSD requests.
• Notes: Provides a dedicated place to enter notes specific to the selected modem.
• Action: Ability to change the modem plan or remove selected modems, providing full control over management decisions.

Configuring the workspace for active modems

Depending on your preferences, the workspace can be customized by you to suit your needs. If necessary, certain columns can be hidden, thus optimizing your workspace so that only the most important and necessary information remains.
https://preview.redd.it/z7r0b3mek53d1.jpg?width=197&format=pjpg&auto=webp&s=71813a571476615e4a780b47f37aef63b1529a77
You can examine all these features and test the panel directly by trying the mobile panel demo version.

A step-by-step guide on how to create a mobile proxy server

If you still have any questions about creating mobile proxies, connecting, and configuring them correctly, you can find more information in the "Knowledge Base" section. There you will find not only instructions on how to configure them but also answers to various questions that are most often asked on this topic, as well as a list of minimum requirements and compatible equipment.
To understand how to create a mobile proxy, it is crucial to study the information in this section. It provides insights into whether your equipment meets the minimum requirements for creating mobile proxies. Before embarking on creating your own mobile proxies and working with the mobile panel, a thorough understanding of the information in this section is highly recommended. It will help you ensure that your equipment is compatible with the mobile panel. If you are uncertain, you can always reach out to us via the feedback form, available on the website. Provide the details of your equipment, and our experts will check if it is compatible with the mobile panel and assist with the setup.
Once you have studied all the necessary information, you can proceed with the registration process in the mobile panel and start creating your own 4G/5G mobile proxies. Always remember that creating your own mobile 4G/5G proxies provides you with significant opportunities, especially for corporate purposes. When used correctly, they can be a powerful tool in increasing sales and making your organization more competitive, catering to the needs of both medium-sized and enterprise-level businesses.

https://preview.redd.it/ci4l420hi53d1.png?width=1626&format=png&auto=webp&s=3d5455b3129877be3e70ce322629e49908e56f15

​
Weekly Game Questions and Help Thread
Greetings all new, returning, and existing ARKS defenders!
The "Weekly Game Questions and Help Thread" thread is posted every Wednesday on this subreddit for all your PSO2:NGS-related questions, technical support needs and general help requests. This is the place to ask any question, no matter how simple, obscure or repeatedly asked.

New to NGS?

The official website has an overview for new players as well as a game guide. Make sure to use this obscure drop-down menu if you're on mobile to access more pages.
If you like watching a video, SEGA recently released a new trailer for the game that gives a good overview. It can be found here.

Official Discord server

SEGA run an official Discord server for the Global version of PSO2. You can join it at https://discord.gg/pso2ngs

Guides

The Phantasy Star Fleet Discord server has a channel dedicated to guides for NGS, including a beginner guide and class guides! Check out the #en-ngs-guides-n-info channel for those.
In addition, Leziony has put together a Progression Guide for Novices. Whether you're new to the game or need a refresher, this guide may help you!Note: this uses terminology from the JP fan translation by Arks-Layer, so some terms may not match up with their Global equivilents.

Community Wiki

The Arks-Visiphone is a wiki maintained by Arks-Layer and several contributors. You can find the Global version here. There you can find details on equipment, quests, enemies and more!

Please check out the resources below:

• Frequently Asked Questions
• General Troubleshooting Help
• Captcha Help
• GameGuard Help
• Searching the subreddit

If you are struggling to get assistance here, or if you are needing help from community developers (for translation plugins, the Tweaker, Telepipe Proxy) in a live* manner, join the Phantasy Star Fleet Discord server. *(Please read and follow the server rules. Live does not mean instant.)
Please start your question with "Global:" or "JP:" to better differentiate what region you are seeking help for.
(Click here for previous Game Questions and Help threads)

Megathreads

/PSO2NGS has several Megathreads that are posted on a schedule or as major events such as NGS Headlines occur. Below are links to these.

• Weekly Social Thread
• Official Bug Reports
• NGS Headlines

By : Matt Simpson, Market Analyst
I noted at the end of April that average returns of US stock markets were actually skewed to the upside, which flew in the face of the old adage "sell in May and go away." The seasonality matrix shows that global indices don't tend to provide negative returns until August or September, with July providing positive average returns beforehand.
We have four full trading days left in the month, and odds favour another bullish month for US indices. However, price action on the daily timeframe has alerted me to a potential pullback, while VIX futures and market positioning are also sending smoke signals to be aware of.
https://preview.redd.it/sj0wxw1l333d1.png?width=1485&format=png&auto=webp&s=d7d1b412b26c6de78c4015b9924bf5756b68295e

VIX market positioning from the weekly COT report

The VIX represents the implied volatility of the S&P 500 index over the next 30 days, as perceived by options traders. A lower reading suggests lower levels of expected volatility, while a higher VIX means increased levels of expected volatility. Although it is based on the S&P 500, it serves as a global benchmark for implied volatility of the stock market in general.
https://preview.redd.it/kt52ujko333d1.png?width=1245&format=png&auto=webp&s=01623dd8ebe9af216a9f13b11ac4111dd2b684e4
It is therefore interesting to note that the VIX reached a four-year low last week, just as open interest (a proxy for volume) hit its second-highest level on record, according to the commitment of traders report. As the data is accurate up to Tuesday, May 21st, and the VIX futures market subsequently rose and broke a four-week losing streak, I suspect a cycle low for volatility may be in place. If so, this suggests higher levels of volatility, which doesn't generally bode well for US indices.

S&P 500, Nasdaq 100, Dow Jones (Futures and cash markets)

The top panels show the futures markets, the lower shows their respective cash markets. It can be useful to compare the two to provide hidden support or resistance areas between them.
https://preview.redd.it/goubv9kr333d1.png?width=1485&format=png&auto=webp&s=9b6fc5fe9d5e9bce894e3a72c213e838e4d607a9

S&P 500 (ES1! Futures, SPX cash):

The futures market drifted higher on Monday in a tight range, but what has really caught my eye is how the overnight high met resistance around the April high and the high-volume node of the rally from April's low. Given that the price action of the past two days remains within the body of Thursday's bearish engulfing day, my hunch is to fade into rallies beneath the all-time high upon any moves inside Thursday's upper wick.
Bears could seek an initial move back to the bearish engulfing low. However, we likely need to see the S&P 500 cash market (lower panel) break comfortably beneath its gap support level before becoming too confident about further downside in the futures market.

Nasdaq 100 (NQ1! Futures, NDX cash):

Tech stocks have the slight upper hand, as Nasdaq futures are trading in the upper wick of Thursday's bearish engulfing candle (and shortly-lived all-time high). Yet I really do not trust these early moves in thin trade, which has allowed the US dollar to drift lower, AUD/USD, EUUSD, and the like to drift higher along with US futures. Like the S&P 500, I seem to want to fade into these drifting markets with a stop above the all-time high.
The March high of ~18,700 makes a likely target for bears, although I'd like to see the cash market break or form a daily close beneath its March high before getting too excited over a deeper correction. A break beneath the 18,545 low on Nasdaq futures opens up a run for 18,200 near the high-volume node of the rally from April's low.
Click the website link below to get our exclusive Guide to index trading in Q2 2024.
https://www.cityindex.com/en-au/market-outlooks-2024/q2-indices-outlook/
https://preview.redd.it/pjsmlsby333d1.png?width=1000&format=png&auto=webp&s=3100000cf7f97ec9039fb7f3d5be27a15481fd83

Dow Jones (YM! Futures, DJI cash):

For a brief momentum in history, the Down Jones cash market traded above 40k. I am fairly certain it will break above that level in future, but for now the Dow is leading the declines on Wall Street.
Yet Dow Jones futures are trying to form a low above the 39k handle (near a high-volume node). And this paves way for a minor bounce, which may help better time shorts for the Nasdaq or S&P 500. The Dow seems likely to appeal to bears seeking swing trades, but that requires either evidence of a lower high forming – or a break below 39k to suggest bearish continuation.

-- Written by Matt Simpson
Follow Matt on Twitter u/cLeverEdge
https://www.cityindex.com/en-au/news-and-analysis/these-sp-500-nasdaq-dow-jones-rallies-look-made-to-fade/
From time to time, StoneX Financial Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
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