SPY Triple Bottom, Rally time?!AMEX:SPY SP:SPX
I'd really like us to end the week above $580 in order to have this either Double or Triple bottom friends!
I could see a flash crash down to fill the price GAP at $574.81 as well.
Either way from what I'm seeing on the TVC:VIX , Economic numbers, and the charts I believe we are getting close to a bottom friends.
Consolidate down to only the best names until we receive that confirmation. They did a fake out today and another FED putting FUD into the market didn't help with the GDP projection.
Not financial advice.
Trading
Suntek realtyFrom the Covid low of 145 zone prices have given a rally for two years and made a high of 590 in Jan'22. From there prices have retraced 50% and made a low of 272 and recovered back to hit new all time high.
Prices have made a continuation Head & shoulders pattern whose neckline is 500 zone. Prices have given the breakout the neckline and currently retesting the same. The measured target of the pattern is 950 zone.
Prices are likely to continue the uptrend towards 950-1000 zone in the coming months. The key level for the same is 380.
Exxon Mobil (XOM): Preparing for a Q1 2025 SetupHeading into Q1 2025, we believe NYSE:XOM could present a promising buying opportunity, and we are preparing a setup to align with our bias. Since April, we have been closely monitoring Exxon Mobil, and the technical picture continues to gain clarity as the stock respects both the range middle and range high. The wave ((b)) overshot wave A by a significant margin but still within acceptable limits for a flat correction.
Since the overshoot in early October, NYSE:XOM has seen a substantial decline—falling 17% over 75 days, a significant move for this stock. The primary driver behind this decline seems to be ongoing shareholder challenges. Over the last three years, Exxon Mobil has resisted calls for meaningful carbon emissions reductions, instead doubling down on traditional oil and gas operations. Legal action against shareholder activists pushing for emissions reduction targets has only added to the controversy, with proposed changes falling short of expectations.
The shareholder concerns highlight a critical point: some voting patterns defy logic when aligned with long-term goals. Questions remain about whether Exxon Mobil should, or can, prepare for a carbon-neutral future. The widely publicized shareholder vote in 2021, which many hoped would lead to substantial changes, seems to have produced minimal practical outcomes.
Despite these issues, we see potential for NYSE:XOM to resolve its challenges in the near future. From a technical standpoint, we observe a strong likelihood of a wave C drop into the $101–$92 range, which aligns with the 61.8%–78.6% Fibonacci retracement levels. This would be a key area to begin building a position.
GBP/USD: Anticipating Market Movements Amid Holiday TradingAs the holiday season approaches, many institutional traders are taking a break for Christmas, leading to a unique trading environment in the financial markets. Today marks the reopening of Forex markets and selected indices, but traders should anticipate lower trading volumes due to the absence of many market participants. This reduced activity often results in heightened volatility, as fewer traders can lead to larger price swings when trades are executed.
Turning our attention to the GBP/USD currency pair, it opens the week with a rather narrow candle range, currently trading around the 1.2531 mark. This level underscores the bearish trend that we’ve previously discussed, suggesting a continuation of downward movement in the near term. Traders should closely watch the significant support level at 1.2500, which may come under pressure as we approach the end of the year. There is a legitimate possibility that this demand zone could be breached, particularly with the unique market conditions prevailing during the holiday period.
If the 1.2500 support does fail, the next area of interest for bearish traders would likely be around 1.2400. This level represents another critical support point, which, if broken, could indicate a strong bearish impulse in the market. As we navigate through the remainder of December, it's essential for traders to be prepared for unexpected moves.
Currently, we find ourselves in a cautious position, opting to hold off on any trading activity at the moment. Our strategy is to wait for the price to reach our ideal demand area around 1.2500 before considering the next trade. It’s crucial to have a clear plan in place, especially in a market characterized by low liquidity and potential volatility. Monitoring the price action closely will be key to identifying optimal entry points that align with our trading strategy.
As the year draws to a close, it’s vital to remain vigilant and adaptable. The interplay between reduced market participation and potential volatility could create opportunities, but it also necessitates prudent risk management. Whether we see a bearish momentum take shape before year-end or have to wait for the new year, patience and a disciplined approach will be critical to navigating this unique trading environment.
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GBP/USD: Navigating a Bearish Trend into 2025As 2024 closed, the GBP/USD currency pair finished firmly in the red, mirroring our earlier forecasts that anticipated this outcome due to the strong performance of the broad-based US Dollar (USD). Entering the new trading year, the pair has broken out of a sideways range, suggesting a readiness for a new bearish impulse as market participants react to a confluence of economic indicators and sentiment shifts.
At the forefront of the upcoming economic landscape is the United States Department of Labor's release of weekly Initial Jobless Claims data. Analysts project a rise in claims to 222,000 from the previous count of 219,000, indicating a potential uptick in unemployment. A figure that surpasses market expectations could exert downward pressure on the USD, creating a short-lived window for GBP/USD to correct its bearish trajectory. Traders will closely monitor this release and its immediate impact on market sentiment.
In the broader scope of the market, risk perception remains a crucial aspect for currency movements, especially for the GBP/USD pair. If Wall Street opens with strength and experiences a subsequent risk rally, the USD could weaken. Such bullish sentiment in equity markets generally encourages investors to shift away from safe-haven assets, potentially providing the GBP/USD with the momentum it needs to mount a recovery. However, as of now, our outlook remains predominantly bearish, with eyes set on the next demand area that could serve as a potential support level.
Meanwhile, developments in the UK economic calendar are rather muted, particularly on a Friday that lacks any major high-tier data releases. This absence of impactful data could limit the GBP's ability to capitalize on any potential USD weakness, reinforcing the bearish bias that has characterized the pair recently.
Looking ahead, there's also keen anticipation surrounding the ISM Manufacturing PMI data for December, which will be released from the US. This key economic indicator will provide insights into the health of the manufacturing sector, and a reading that deviates from expectations can significantly impact both the USD and the GBP. A stronger-than-anticipated PMI could further bolster the USD, solidifying the bearish momentum for GBP/USD.
In summary, as we step into 2025, the GBP/USD pair is poised in a precarious position that reflects broader market dynamics and economic fundamentals. With the immediate focus on US jobless claims and manufacturing data, investors must be agile in their strategies. While there is potential for a recovery rally should the markets react favorably, the prevailing sentiment leans toward bearishness, and any significant barriers to recovery will likely be tested as the pair seeks support in the forthcoming sessions. As always, staying attuned to both economic indicators and risk sentiment will be vital for navigating this evolving landscape.
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EUR/USD Year-End Review: A Bearish Outlook for 2025As the curtain fell on 2024, the EUR/USD currency pair concluded the year under a veil of bearish pressure, aligning closely with the predictions outlined in previous analyses. On the final trading day of the year, the pair reached a significant low, hitting our predetermined take profit level at 1.03500. This movement signifies the prevailing market sentiment as we transition into 2025, with indicators suggesting that the bearish trajectory remains firmly in place.
The backdrop of this price action is rooted in a risk-averse atmosphere that has characterized global markets. Investors seeking safety gravitated towards the US Dollar (USD), further dampening the EUR/USD pairing as we approached the New Year break. Such aversion to risk has historically led to a strengthening USD, which paints a challenging picture for the Euro amid ongoing economic transformations across Europe.
As we move into the first week of 2025, all eyes are on the forthcoming US economic indicators, particularly the weekly Initial Jobless Claims data. Analysts predict that the number of first-time applications for unemployment benefits will climb to 222,000, a modest uptick from the previous week's 219,000. Should the actual figures exceed expectations, this could lead to a weakening of the USD in the latter part of the day, introducing an element of volatility into the market.
On the other side of the Atlantic, European Central Bank (ECB) President Christine Lagarde provided insights into the ECB's progress in combating inflation throughout 2024. In her recent statements, she expressed optimism about hitting the inflation targets set for 2025, stating, "Hopefully, 2025 is the year when we are on target as expected and as planned in our strategy." Despite these assertions, the market reaction to her comments was tepid at best, illustrating a possible disconnect between the ECB's hopes and the stark realities facing the Eurozone.
Lagarde’s emphasis on the progress achieved in 2024 indicates a deliberate and strategic approach to monetary policy; however, the actual impact on the Euro remains to be seen. The broader economic conditions in Europe, including persistent inflationary pressures and slower economic growth compared to the United States, add layers of complexity to the Euro's valuation against its American counterpart.
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GOLD BULLUSHHello Everyone I hope you are doing well, Happy New Year 2025. Have a great year.
As you know gold has pumped 250 300 pips in startup of new year, like a crazy moment.
Gold has changed structure bearish to bullish, since it has touched the area of 2596.
Im still looking for a buy apportunity and I have found one more setup for gold buy.
Im gonna gold buy at the price of 2636, because there is a breakout and BOS. So that i will put buy orders.
ENTRY POINT : 2636 at the area of BOS
STOPLOSS AND TARGET : SL 2629 nd TP will be 2653
GOOD LUCK EVERY
PLEASE SHARE YOUR IDEAS ON THIS POST AND USE SL ON EVERY TRADE.
STAY TUNE FOR EVERY UPDATE.
GOLD WANNA FALLING ONCE AGAINAs i published an idea that gold will fall, and gold fall my entry was at 2637, stop loss was 2651 and target was 2585, but that setup gave us 450 pips.
Now I'm back with another idea, my idea is gold will fall when it touches the price 2632.80
Lets see what will happen. Gold moving crazy since last week its moving up and down.
ENTRY POINT : 2632.80 at the area of OB H1.
STOP LOSS : 2641.40 and Target is 2611.50
PLEASE USE STOP LOSS AND TP ON YOUR EVERY TRADE. DONT FORGET TO SHARE YOUR IDEAS ON THIS POST, PLEASE SHARE YOUR IDEAS.
STAY TUNE FOR EVERY UPDATE.
GOOD LUCK EVERYBODY.
World gold price todayOver the past 10 years, January has typically been the best month for gold. However, Low said that is not necessarily true in the post-pandemic era when countries are still struggling. He pointed out that while recent data shows that Chinese gold demand has been strong over the past 12 months, some US factors could hold back gold prices this month. Investors are still looking at the hawkish factors at the US central bank’s final policy meeting of the year, he said. The revelation that the Fed will slow its pace of rate cuts this year has put the US dollar in a good position, which is not very positive for the precious metal.
Another issue Low noted was that the technical outlook for the yellow metal had deteriorated somewhat over the past week. He observed that prices had fallen below the 100-day moving average for the first time in more than a year. Although prices have rebounded in subsequent sessions on the back of buying from investors, he noted that this is also a negative sign for gold.
Gold price today 1/2/2025Safe haven demand and central bank rate cuts are the catalysts for gold’s rise in 2024, with the precious metal likely to rise more than 26% in the year, its best performance since 2010. Experts say these factors will continue to drive the precious metal in the new year. However, sentiment is likely to turn more cautious given the policy shift under US President Donald Trump.
Geopolitical tensions are expected to remain elevated next year, as central banks continue to buy gold, while the US debt problem could return. Donald Trump. All of this will provide safe haven demand for the precious metal...
This expert commented that this year will be a bit difficult for gold as the price of this precious metal has increased by nearly 27% in 2024. Prices cooled down in November and December but mainly due to the US election results as it somewhat affected the outlook of the US Federal Reserve (FED) this year.
🔥 XAUUSD SELL 2636 - 2638🔥
💵 TP1: 2615
💵 TP2: 2605
💵 TP3: OPEN
🚫 SL: 2645
+1062% in 24 hours from $0.25 to $2.79 $NXUWhen a stock makes a 10x move in a day you have to take profit. If you want to be greedy and still give it a chance for the moon you must set sell order at the crack of uptrend.
We've made 25 trades over the past 2 weeks, 24 of them have reached planned take profit target ✅
Don't even ask about the total, it's humongous. Imagine with happens with it under January effect 😳
Nightly $SPX / $SPY Predictions for 1.2.2024🔮
📅 Thu Jan 2
⏰ 8:30am
Unemployment Claims: 222K (previous: 219K)
⏰ 9:45am
Final Manufacturing PMI: 48.3 (previous: 48.3)
⏰ 11:00am
Crude Oil Inventories
📈GAP ABOVE HPZ:
If we gap above here,
its going to bait a lot
of traders
⛔OPEN WITHIN EEZ:
There is slight downside left.
A lot of people are still bullish
into the new years not good
for the longer rally.
📉GAP BELOW HCZ:
Will cause a mechanical bounce
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
XRP Price Prediction: Breakout Above $2.25 or Further Downside?The XRP/USDT chart is displaying a descending channel following its impressive rally. The price action is consolidating, respecting both the upper and lower boundaries of the channel.
The support zone around $1.89 to $1.98, as previously highlighted, remains intact.
DYOR, NFA
Escorts Limited - At long term significant support zoneEscorts has been forming series of Higher Highs and Highs lows indicates strong uptrend.
The higher low has since last 4-5 years has bottomed out the 20 Monthly EMA.
The stock has consistently found support at the moving average and bottomed out near the same.
Currently stock is placed near the same juncture, going ahead if support holds well like in the past, stock could end its corrective phase and resume its prior uptrend.
Bitcoin 1D Pitchfork & Correlating Tops Where To Next For $BTC Basic little draw up from now just checking market sentiment with the MACD providing great analytical insight into where we are NOW and were we were MID bull run from $75k ATH to $109k. See the bearish MACD over the ATH of 75k and the same over the 109k ATH. We are back to zero on MACD we should see small dips or sideways movement but more volatile as price is higher. It will always seem more volatile as %s of BTC price are larger. So 10% drop or gain now on $93k is $9.3k where when 1 CRYPTOCAP:BTC was 9.3k 10% drop or gain was only $930! Yes same % loss or gain but more capital required to make or loose hat 10%. Still you can always order less but this is just a sentiment driver when you look at the % math of now and back in the day even 4 years ago or pre covid.
Currently we sit at $93,250 USD at time of writing. Up from the down turn to $91k. IF we keep the market moving up growing and more $ flow in to longs and or buying bitcoin the better.
I think also as its in a DIP phase people WONT be selling who brought in at or between 50k-80k. At least I wouldn't be. Even if it goes to any price pre Covid so under 25k~ This will take a while to occur with many chances to exit before or you will see much increase from where we are now.
The market sentiment is good. Its down but its still dominant and will be for another 10 - 100 years plus. It's almost perfect and the coins doing other things BTC can mostly achieve but in directly. However it is no1 and will stay that way for some time.
Love you Holders let us know you thoughts on this projection to upward of $200k within a few 6 months ?
Not finical advice I trade on my own and use my own methods the post here isn't method to trade its just an assumption of what could happen with little degree of success. Thanks for reading!