2024/12/14
Daily 4XSetUps - Now Already The 7th Red Day In YM1!
“7 red days send ym1! back to trump election day levels!
is the hype about trump's re-election already over?”
The semiconductor company
AVGO passed the trillion dollar mark in terms of market value for the first time on Friday, the 13rd 2024 and set the tone in the technology sector. The 
NDX , which is dominated by tech stocks, gained +0.76% to 21,780.25 points at the end of the day at the end of the week, after climbing higher than ever before with 21,886 points in early hours. The weekly increase for the NDX was +0.7%. It initially developed weaker this week, but from the middle of the week onwards it benefited comparatively significantly from the prospect of continued low interest rates. The week before he had already posted a profit of +3.3%. Our 
DJI, on the other hand, did not find its way on Friday either and lost slightly again by -0.20% to 43,828.06 points. On a weekly basis, this means a minus of -1.8% for the New York benchmark index. The market-wide 
SP500, on the other hand, closed unchanged at 6,051.09 points on Friday.
“Managers who do not understand people's different thinking styles cannot understand how the people working for them will handle different situations.”
Ray Dalio
45171 : 2024/11/29 - All Time High
43965 : 2024/11/06 - High On Trump's Election Day
43866 : 2024/12/13 - last price action
43581 : 2024/10/18 - Oktober High 2024
42416 : 2024/11/06 - Low On Trump's Election Day
43005 : 2024/09/27 - September High 2024
41873 : 2024/10/31 - Oktober Low 2024
41791 : 2024/11/04 - November Low 2024
These seem still to be the most important price action zones, more or less, above 40000 points. And where, sooner or later, accelerated price action can occur, because bulls and bears have more or less played off each other here so far. Since August 2024 we have had a strong upward trend in
YM1! with more than +10%, so that a fall back into these price action zones is definitely possible? But it doesn't have to be! Because we will have Trump in the office again from January 2025. What impact will it have? I don't know! But we know at what price action the YM1! traded and/or invested on the day of his re-election on November 6, 2024. And basing on this I wrote this new long YM1! 4XSetUp. However, the last 7 trading days were all red - i.e. all 5 in the past week, including Friday and Thursday of the week before last. So we're already on a bit of a bear run - albeit at a high bullish level. And on the economic policy background that the USA does not fall back into recession. In recent weeks and months it has looked like the USA is emerging from US stagflation (higher US Inflation as US GDP Annual Growth Rate) - but the latest PPI data makes me a little worried! Maybe also a conservative trader and/or investor in the US stock market? Because of the last 7 red bearish trading days!? However, let this long YM1! 4XSetUp run, but don't become too euphoric - stay euphoric, and/or much more disciplined (operate always only with entry price, stop price and/or only a percentage of the value of your total deposit). The technical picture already looked better - and may be will become better again?-----------------------------------------------
50000 : 2025/06/30 - Target Price
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45055 : 2024/11/29 - Entry Price
44706 : 2024/12/06 - last price action
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42400 : 2024/11/29 - Stop Price
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With best wishes
and with good intentions!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.