Navigating the S&P 500: What to Watch This Christmas Week If you look at the S&P 500's technical chart, you'll notice something intriguing: Friday's rebound wasn't just any rebound — it came with a surge in volume. The Index is flirting with its 50-day Moving Average, a key indicator with investors on edge. As long as macroeconomic data doesn’t throw any curveballs, there's a promising outlook for a festive rally in the stock market this Christmas week. My eyes are on the 6,000 mark for the SPX as a pivotal point. If the momentum continues, we might even see it touch 6,100, which could be the ceiling for this bullish run.
A quick breakdown of my TOP6 in preparation for next week. This is not Mark's or the Coaches analysis, so take it with a little distance but I still hope you took value from it and it helped you in preparing next week. As we move into the festive period a lot of banks will reduce their exposure resulting in much lower liquidity over all asset classes so I'm not too eager to get involved in trades. Let price and the DXY settle over the next couple of days, stay in your routines, keep the momentum high and be prepared when 2025 starts.
Dear Traders, DXY has been in news ever since US Election results came out in the market. We expect price to reverse after making small correction, once the correction has been made we can correlate dxy and trade dxy pairs. Good luck and trade safe!
Watching Chillguy retrace after the last pump. Looking for a reaction at key levels. Would help if BTC had a little bullish uptick, but just in case keep the stops tight under support.
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i Think this move is low risk cause i thinkk BTC is in a upTrende in higher timeline
I believe it's time for us to prepare for a correction in the market, as this correction is necessary for a healthy upward trend. Let’s approach it with respect ? :) "By the way, before this correction, we will experience an upward movement in the market."
This is on Monthly Timeframe. One can buy with limited quantity and limited capital as it a penny stock. Potential Targets/Levels when the stock sustains price value of 10. #SETCO. This is not a call or tip for any. One can use this stock for study purpose as well.
Based on The-FXJ the next Target of the Bitcoin is touching recent High :)
SPX had a clean break and retest of its ascending wedge last week. It was a strong move back up off of 5850, but it rejected on the retest. Range is now from 5,850 to ATH. Looking to see if bulls can reclaim that trendline or not. For now I'd be bullish above 5,850 and bearish below. Downside target would be the election gap fill and/or the previous ATH around 5,669. We're still near ATH so that will continue to be the upside target. Long confirmation would come if it reclaimed the wedge + the descending trendline above.