# LIVE: US Stock Market Monday Open:
**Date:** 2026-03-29  
**Source:** [YouTube](https://www.youtube.com/watch?v=xXPlnVGbWJM)

## Main Thesis
The market is at a critical juncture, with the S&P 500 potentially forming a top or consolidating before a further move higher, while the DXY shows signs of a potential breakout and commodities like gold and silver are consolidating after strong rallies.

## Charts & Technical Analysis

### 1. SPX (S&P 500) (daily)

**Bias:** NEUTRAL/BEARISH (SHORT-TERM CAUTION)
**Pattern:** potential top/consolidation, rising wedge (implied)
**Key Levels:** 5260 resistance, 5000 support, 4900 support

Atkinson notes the SPX is at a critical level, potentially forming a top or consolidating. He highlights the previous week's price action as a 'doji' or 'spinning top' candle, indicating indecision. He mentions the 5260 level as resistance and 5000 as a key support level, with 4900 as a stronger support. He suggests a break below 5000 would be bearish, while a move above 5260 would be bullish. He also mentions the possibility of a rising wedge pattern, which typically resolves downwards.

### 2. SPX (S&P 500) (weekly)

**Bias:** NEUTRAL/BEARISH (SHORT-TERM CAUTION)
**Pattern:** consolidation, potential top
**Key Levels:** 5260 resistance, 5000 support

The weekly chart reinforces the daily view of consolidation. Atkinson points out the long upper wick on the previous week's candle, indicating selling pressure at higher levels. He reiterates the importance of 5260 as resistance and 5000 as support, emphasizing that a break below 5000 would be a significant bearish signal on the weekly timeframe.

### 3. NDX (Nasdaq 100) (daily)

**Bias:** NEUTRAL/BEARISH (SHORT-TERM CAUTION)
**Pattern:** consolidation, potential top
**Key Levels:** 18400 resistance, 17500 support

Similar to the SPX, the NDX is showing signs of consolidation and potential topping. Atkinson notes the 18400 level as resistance and 17500 as support. He mentions the NDX is also forming a similar indecisive candle pattern, suggesting a potential pullback or further consolidation.

### 4. DXY (US Dollar Index) (daily)

**Bias:** BULLISH
**Pattern:** ascending triangle, potential breakout
**Key Levels:** 104.5 resistance, 103.5 support, 102.5 support

Atkinson highlights a potential ascending triangle pattern on the DXY, with resistance around 104.5. He suggests a breakout above this level would be very bullish for the dollar, potentially leading to a move towards 106-107. He notes the DXY has been consolidating for a while and is now showing signs of strength, which could be a headwind for equities and commodities.

### 5. EUR/USD (daily)

**Bias:** BEARISH
**Pattern:** descending channel, potential breakdown
**Key Levels:** 1.08 resistance, 1.07 support

The EUR/USD is showing weakness, consistent with a strong DXY. Atkinson points out a descending channel and a potential breakdown below 1.07, which would be a bearish signal. He expects further downside if the DXY breaks out.

### 6. Gold (XAU/USD) (daily)

**Bias:** NEUTRAL/BULLISH (LONG-TERM)
**Pattern:** consolidation after rally
**Key Levels:** 2200 support, 2150 support

Gold is consolidating after a strong rally. Atkinson identifies 2200 and 2150 as key support levels. He suggests that as long as these levels hold, the long-term bullish trend remains intact. He notes that a strong DXY could put short-term pressure on gold, but the overall macro picture remains supportive.

### 7. Silver (XAG/USD) (daily)

**Bias:** NEUTRAL/BULLISH (LONG-TERM)
**Pattern:** consolidation after rally
**Key Levels:** 24.50 support, 23.50 support

Similar to gold, silver is consolidating after a significant rally. Atkinson points to 24.50 and 23.50 as important support levels. He believes that as long as these levels hold, silver remains in a bullish trend, with potential for further upside once the consolidation completes.

### 8. Crude Oil (WTI) (daily)

**Bias:** NEUTRAL/BULLISH
**Pattern:** ascending channel, consolidation
**Key Levels:** 82 resistance, 78 support

Oil is consolidating within an ascending channel. Atkinson notes resistance at 82 and support at 78. He suggests that oil is likely to remain range-bound for a bit, but the overall trend is still upwards, supported by geopolitical factors and supply concerns.

### 9. 10-Year US Treasury Yield (TNX) (daily)

**Bias:** BULLISH
**Pattern:** ascending channel, potential breakout
**Key Levels:** 4.3% resistance, 4.1% support

Atkinson observes that the 10-year yield is pushing higher, potentially breaking out of a consolidation pattern. He identifies 4.3% as a key resistance level and 4.1% as support. A sustained move above 4.3% would be a significant bullish signal for yields, which could put pressure on growth stocks.

### 10. Bitcoin (BTC/USD) (daily)

**Bias:** NEUTRAL/BEARISH (SHORT-TERM CAUTION)
**Pattern:** consolidation, potential double top
**Key Levels:** 70000 resistance, 60000 support

Bitcoin is consolidating around the 70,000 level, with Atkinson noting a potential double top formation. He highlights 70,000 as resistance and 60,000 as critical support. A break below 60,000 would be a significant bearish signal, while a sustained break above 70,000 would negate the double top and open the way for higher prices.

### 11. Ethereum (ETH/USD) (daily)

**Bias:** NEUTRAL
**Pattern:** consolidation
**Key Levels:** 3600 resistance, 3200 support

Ethereum is also consolidating, following Bitcoin's lead. Atkinson points to 3600 as resistance and 3200 as support. He expects ETH to largely track BTC's movements in the short term.

## Regime / Cycle Analysis
Atkinson discusses a potential shift in intermarket dynamics, with the DXY showing strength and yields rising, which could be a headwind for equities, particularly growth stocks. He notes that commodities like gold and silver are consolidating after strong moves, suggesting a potential rotation or pause. The overall macro environment is seen as complex, with inflation concerns still present and central bank policies being closely watched.

## Key Calls & Predictions
- Watch SPX 5000 support level closely; a break below is bearish.
- Monitor DXY 104.5 resistance for a potential bullish breakout.
- Be cautious with equities, especially growth stocks, if DXY and yields continue to rise.
- Gold and Silver are consolidating; maintain long-term bullish bias if key support levels hold.
- Bitcoin faces a critical test at 60,000 support; a break could lead to significant downside.

## All Instruments Mentioned
SPX, NDX, DXY, EUR/USD, Gold, Silver, Crude Oil, 10Y yield, Bitcoin, Ethereum

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*Generated by FX Evolution Monitor on 2026-03-29 23:00:17*