GateUser-3b3659cc
vip
Age 0 Yıl
Peak Tier 0
No content yet
$SPX - I expect it to make a new ATH in December. The target is the 1.618 extension of the April crash at 6958 to the R2 pivot at 6972. Any further upside in January depends on a weekly close above 6972. A weekly close above 6972 will lead to the 2.0 extension at 7460 in 2026.
  • Reward
  • Comment
  • Repost
  • Share
$TSLA - Made a new ATH on Thursday but closed the week on a weak note on Friday. It needs bullish follow through next week in order to prevent a false breakout. If it closes below 466 at the end of next week this will turn into a false breakout.
  • Reward
  • Comment
  • Repost
  • Share
$NVDA - I was looking for a 3rd drive down to break the November low and get to at least 164, but the downtrend stopped at 170 and potentially made a double bottom. A breakout above 188 will confirm a rally back to the all time high at 212.
  • Reward
  • Comment
  • Repost
  • Share
$Silver - The 14 week RSI is at 87. That's the highest level since the 2011 top at 88. However, 9 weeks ago it was at 86.8. The last time the RSI topped at 86+ and less than 3 months later made a higher high was in December 1979, so the blow off is likely to continue in January.
  • Reward
  • Comment
  • Repost
  • Share
$Gold - Still hasn't made a new ATH. There are two potential scenarios for January: 1.Blow off top, potentially a bull market top. 2. Multi week top in December and a correction back to the 20 week MA. At the moment I'm leaning to the 1st scenario because of silver's blow off.
  • Reward
  • Comment
  • Repost
  • Share
$SPX - When it closed below the 20 DMA it was supposed to hit the 100 DMA or the lower band, but sometimes macro trumps technical signals and the CPI was one of these cases. The 70 day low was made on Wednesday and the S\&P is likely headed to a new ATH by the end of the year.
  • Reward
  • Comment
  • Repost
  • Share
$AAPL - In 2023 and 2024 it made a multi month top in December and declined into April of the following year. 2 weeks ago it probably made another multi month top. A weekly close below the 10 week MA will confirm that. If confirmed I expect it to decline into at least mid March.
  • Reward
  • Comment
  • Repost
  • Share
It is so obvious that the next Islamic terrorist attack will occur in this joke of a country called Canada.
  • Reward
  • Comment
  • Repost
  • Share
This is NOT a conspiracy theory. It's an official UN plan that was published in March 2000. Compare western countries of 25 years ago to western countries today and you'll understand that this plan has been fully implemented.
  • Reward
  • Comment
  • Repost
  • Share
$SPX - The market rallied on the CPI news but despite an 0.8% up day it's not a bullish candle since it closed below the opening level, so a lower low tomorrow is still possible. Not making a lower low tomorrow would mean that the 70 day cycle low occurred on Wednesday.
  • Reward
  • Comment
  • Repost
  • Share
$SPX - Closed below the 20 day MA. The 70 day low is due on Friday. Today's action has ruled out the possibility of a small pullback like the one in June. The target is now the 100 DMA that's currently at 6638 or even the lower band that is catching up with the 100 DMA every day.
  • Reward
  • Comment
  • Repost
  • Share
$MSFT hit its 200 day MA again yesterday after hitting it on November 25. It's not making a lower low today which indicates that it's not going to undercut its November low. Bullish.
  • Reward
  • Comment
  • Repost
  • Share
On the other hand the S\&P never made a bull market top(like the ones in 2000, 2007 and 2021) without the year over year % change reaching at least 63% prior to the top. It only reached 45% in October. That's in line with my view of a 20%+ crash next fall.
  • Reward
  • Comment
  • Repost
  • Share
$SPX traded below its 20 day MA today but closed above it. The next 70 day low is due on Friday so it probably hasn't bottomed yet, but the odds of trading sideways over the next 2-3 days without closing below the 20 DMA have increased. The 100 DMA is still a potential target.
  • Reward
  • Comment
  • Repost
  • Share
  • Trending TopicsView More
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)