2024/11/30
Daily 4XSetUps - Here We Go YM1! Long Again, Thanks To Trump
“robust uptrend and that despite or because the re-election of Trump!
is trump crucial influencing factor? or is something else more important?”
45171 : 2024/11/29 - All Time High
45055 : 2024/11/29 - last price action
43965 : 2024/11/06 - High On Trump's Election Day
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 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. And on the economic policy background that the USA does not fall back into recession. No - rather that the USA is growing out of the politically self-organized and desired green US stagflation (higher US Inflation as US GDP Annual Growth Rate) under the guise of a liberal democracy, from the previous Biden and Harris Administration.
“I also feared boredom and mediocrity much more than I feared failure. For me, great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor. The high school yearbook quote my friends chose for me was from Thoreau: “If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away.”
Ray Dalio
Even if I repeat myself and possibly get on your nerves, I would like to make it clear at this point that in the historical context we are truly overbought when it comes to WallStreet even the
YM1! . For example: ”As of September 30, 2024, the S&P500 is currently trading 71% above its modern-era historical trend value, (about 2.0 standard deviations), indicating that the market is Strongly Overvalued.” Therefore, always operate with target prices and/or stop prices - and always trade or invest only a percentage fraction of your total portfolio value. Because if the US economy falls back into a US recession, it is likely to be even more terrible and nastier than last time.-----------------------------------------------
50000 : 2025/06/30 - Target Price
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45055 : 2024/11/29 - last price action
45055 : 2024/11/29 - Entry Price
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42400 : 2024/11/29 - Stop Price
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Have a good time
- regardless of the price action!
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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Disclaimer
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.