Another 48h - Rollercoaster Ride Right At The Start Of The Week

2025/02/24 - 9th Calendar Week 2025
Another 48h - Rollercoaster Ride Right At The Start Of The Week
“price action fell to the last two week lows today and came back!
what is important? and/or why? staying bearish? when bullish?”

The US stock markets did not recover from their recent price slide on the first trading day of the new trading week. The leading index Dow Jones Industrial closed on Monday, February 24th, 2025 with a small gain of +0.08% to 43,461.21 points. This meant that it was barely able to make up any ground after a loss of -1.7% on Friday. That was the Dow's biggest daily loss since mid-December 2024 last year. The market-wide S&P 500 even closed -0.50% lower on Monday at 5,983.25 points and fell below 6,000 points for the first time in almost three weeks. The Nasdaq 100 extended Friday's two percent loss even further. Namely by -1.21% to 21,352.08 points. The index, dominated by tech giants, fell to its lowest level in almost three weeks.

Now the business figures of the semiconductor giant Nvidia are likely to come into focus, which will be published on Wednesday, October 27th, 2025 - after the bell on Wall Street, after the stock market closes. This Monday, Nvidia's price action fell by a good -3%, after having already lost -4% on Friday. Nvidia's numbers are seen by stock market investors as an important test of what will happen to the "Magnificent 7" , i.e. the seven US giants from the technology sector. But not everyone should move up or down, because of Nvidia . Anyway, Berkshire Hathaway's B shares rose a good +4% today. The investment conglomerate of well-known investor Warren Buffett presented business figures at the weekend and reported a jump in profits for the fourth quarter. Berkshire Hathaway is worth around a trillion US dollars on the stock market and is one of the most valuable US companies after the “Magnificent 7” . The shares of Nike recorded an increase of almost +5% as the leader in the Dow today. The bank Jefferies recommended buying the shares of the lifestyle group and described them as a new “top pick”. And with today's closing price of $80.26, it is also a new long NKE 4XSetUp. In addition to the new old long CBK 4XSetUp - also with today's closing price of €22.09.

Will The Bulls Come Back Above 107.348 Points, The Annual High Of 2023?

That was the question of the last 8th calendar week. And we have to answer this question with NO - because the last price action on Friday, the 21st february 2025 was 106.641 points. Answering this question was instructive because a price action below would and will also retrospectively confirm the trend reversal formation of the price action development above the annual high of 2023, namely even the 107.348 points.

“Everybody says that I have a lot of power. But what does that power consist of?... Can I influence governments? I am beginning to be able to..."
George Soros

Will The Bears Defend The Terrain Under 107.348 Points Once Again This Week?

This is the question of this 9th calendar week. And it is important because it would confirm the trend reversal formation above the 2023 annual high, at just 107.348 Points points, in the second week in a row.

110.176 : 2025/01/13 - Annual High 2025
108.583 : 2024/12/31 - Annual High 2024
107.348 : 2023/10/03 - Annual High 2023
106.665 : 2025/02/24 - last price action
105.441 : 2024/11/06 - Trump Re-Election Day
Traders and/or investors only sent the DXY during today's trading session, on Monday, the 24th February 2025 at 106.665 points (some minutes after the closing bell on WallStreet). What are - 0.683 points under the Annual High of 2023, from the 3rd October 2023, at 107.348 points. And/Or + 1.224 points above the Intraday High on Trump Re-Election Day, from the 6th November 2024, at 105.441 points. What is fundamentally important in this respect is to be able to detect whether the short-term bearish trend reversal formation above the 2023 annual high of just 107.348 points will be confirmed this week. And we tend to continue to see slightly falling price action towards Trump's Election Day Intraday High of 105.441 points. Or will the bulls be starting to fight back this week? And traders and/or investors who will send price action above 107.348 points again by the weekend?

109.881 : 2025/02/02 - 1st Short Downtrend 1st Leg
108.523 : 2025/02/12 - 1st Short Downtrend 2nd Leg
108.523 : 2025/02/12 - 2nd Short Downtrend 1st Leg
107.381 : 2025/02/19 - 2nd Short Downtrend 2nd Leg
106.665 : 2025/02/24 - last price action
106.566 : 2025/02/14 - Last Week Before Low
106.334 : 2025/02/20 - Last Week Low
106.126 : 2025/02/23 - This Week Low
Be that as it may, in addition to the general picture this week, if we analyze the price action in a little more detail without losing track at the same time, the three short-term downward trends are groundbreaking. Why? Because they represent the dynamics of the downtrend, if you will, the power of the bears - especially their extended trend lines. Which represent something like the consequences of the bears. But I don't want to read too much into it - but there was still a lot to learn today. A more than interesting price action development right at the start of the week. Because traders and/or investors sent the price action of the DXY at the start of the week with a small bearish GAP - more or less at the level of the low of the week before last. And that meant that in the first few hours of this week we broke through last week's low - 106.334 points from the 20th February 2052 - so that the current weekly low is lower than the previous week (or the week before). Even by 106.125 points - at the start of this week! This is why the pressure from the bears can also be seen. But that wasn't everything - on the contrary! What? Yes, because the bulls struck back - because traders and/or investors sent the price action back up in a bullish manner after the first few hours. And it was so high that, after the WallStreet bell, this Monday, on 24th February 2025, we could close the day's trading with around +50 points, even with a small plus today! What a roller coaster ride? It's going to be another really really super educational price action volatility this week! Why? Because the price action is currently, at 106.665 points, more or less at the level of the extended trend line of the 2nd downward trend. That's why I still tend to remain bearish - again this week! But as of today, I can even less rule out the strength of the bulls to send the DXY back above the 2023 annual highs of over 107.348 points.

With best wishes
and good intentions:
Aaron

Another 48h - DXY ... is pure information material.
By trying to give you even more information about the DXY every day to make even better trading decisions (buy/sell or do nothing). The goal of each day is from my side that you say to yourself after reading my daily analysis (Another 48h - DXY ...): "I didn't notice that before!" Because then you have received new information; yes - maybe even learned something!? If, yes? Then give me a like - and continue reading tomorrow! Concrete 4XSetUps with entry price, target price and also stop price are available in the daily 4XSetUps...

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