If you're trying to figure out the stock market's next moves, watch the S&P 500 Index. Last Friday marked a crucial point, with the index dipping to 5,930. This is the line you don't want to cross. Slipping below means we're below the 50-day moving average again and likely heading further south. Falling past this 5,930 mark breaks the trendline for the second time, and you'll probably see more pressure to dip below the post-FOMC low — that's your second critical level. Things might get dicey from there, but if the selling picks up speed, I'd start eyeing the 200-day moving average as a target for early January 2025. Here's the bottom line: don't hurry to jump in at the start of January. We need some clarity on where the market's headed first.
MEXC:SUIUSDT.P Price made a higher low 4H candle in the supply area. Targeting a weak low
Nifty might remain range bound due to holidays. No big move is expected but there's a chance that it can go upto 24100-24300. On the downside 23700-23500 will work as important support zones for nifty.
https://www.tradingview.com/x/XPSf5o3U/ My dear followers, This is my opinion on the CADJPY next move: The asset is approaching an important pivot point 109.43 Bias - Bearish Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 108.28 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Indusindbank broke trendline and reaching towards reversal zone - Half BAT & BAT Harmonic patterns. Expected reversal at 848.30 to 869.8. Pattern will fail if price settles below 792 in weekly timeframe. Retracement leg can reach till 960 to 1060
I'm expecting a double bottom for Open DAO. An inverted head and shoulders is being formed. 0.00000000750 is a good entry point, then sell at 750 without one zero then wait for the shoulder.
Gold has filled the area between 2612.90 and 2612.30 and now has a path to climb to the orange area between prices 2639.85 and 2640.50 and will also cross this orange area, Higher targets are also expected from gold..
AS LONG AS THE PRICE REMAINS BELOW THE SUPPLY ROOF, sellers will target 2640-2638 level and sell again. Defending the price at 2610-2613 isn't enough to stop sellers after the breakout of 4hr ascending trendline , ON TECHNICAL THE ROOF 2638-2640 COULD BE TESTED AGAIN IF THE PRICE MANAGES TO BREAK THE 2630 RESISTANCE LEVEL. BREAK AND CLOSE ABOVE THE SUPPLY ROOF WILL RETURN THE PRICE TO THE DEMAND FLOOR AND A PSYCHOLOGICAL LEVEL WITH A BUY POTENTIAL TO TARGET 2694-2700, AT 2694-2700 WE HAVE A STRONG SUPPLY ROOF AT THAT LEVEL CAPABLE OF DROPPING THE PRICE OF GOLD
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It seems to me like Bitcoin is overdue for a correction, probably to 58K - 65K levels. It seems pretty hard to imagine that it will go much higher until this correction takes place. Stoch RSI looks very heavy on the weekly. It will be interesting to see if alts tank as well, or if this will signal the beginning of alt season. Let's wait and find out.