SPY/S&P500: in the mid-term resistance zonePrice has approached the upper border of the mid-term resistance zone: 598-612.
Until price closes bellow 612, I am preparing for the start of a correction to mid-term support: 564-540.
If price moves confidently above 612, than next resistance target is at 635 level.
The macro-structure of the uptrend from 2022 lows is well intact until price holds above 540 level and assumes higher targets for 2025 at 635-640-670 levels.
I wish everyone Merry Christmas and successful and profitable 2025!
Thank you for your attention.
Indexes
SPX Is About to Explode – Here’s What I’m WatchingSPX is at a critical level, and whichever way it breaks, the move could be huge. Here’s my take:
If we drop below 5663, I see a move down to 5534 – 5445. If that zone fails, we could head toward 5332, and if selling pressure keeps up, 5234 might be next.
But if we break above 5800, the bulls could take over, pushing to 5972, and maybe even 6149.
It’s all about reaction levels now. I’m watching these zones closely—what’s your take? Are we heading up or breaking down?
Kris/ Mindbloome Exchange
Trader Smarter Live Better
SPY Weekly Chart! I think downtrend has startedFrom a weekly chart perspective, I think we are going to start bear market pretty soon. Volume has been the lowest and I also see TTM squeeze in the weekly which was last seen in the pandemic era. I really think that investors should sell or cover their open positions.
Dollar Index (DXY): Pullback From Resistance
I think we may see a local bearish continuation after a test
of a key daily/intraday resistance.
A local Change of Character on an hourly clearly shows the strength of the sellers.
The index may retrace at least to 106.53
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DOLLAR INDEX (DXY): Does The Market OVERREACT?
It looks like Dollar Index is preparing for a retracement
after a very bullish market opening.
As a clear sign of strength of the sellers, I see
a head and shoulders pattern on an hourly
and a breakout of its neckline.
The market may drop at least to 108.6
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DOW JONES INDEX (US30): Bullish Outlook Explained
It feels like US30 index is preparing to recover
after Friday's and today's selloff.
As a confirmation, I see a nice bullish imbalance
after a test of a daily support and a tiny ascending triangle
pattern on an hourly.
Goals: 44196 / 44470
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$EUNITR - Europe Interest Rates $EUNITR
(January/2025)
source: European Central Bank
- The European Central Bank lowered its key interest rates by 25 bps in January 2025, as expected, reducing the deposit facility rate to 2.75%, the main refinancing rate to 2.90%, and the marginal lending rate to 3.15%.
This move reflects the ECB’s updated inflation outlook, with price pressures easing in line with projections.
While domestic inflation remains elevated due to delayed wage and price adjustments, wage growth is moderating, and corporate profits are absorbing some inflationary effects.
Despite persistent tight financing conditions, the rate cut is expected to gradually ease borrowing costs for firms and households.
The ECB remains data-driven and has not committed to a predetermined rate path, emphasizing a cautious approach to ensuring inflation stabilizes at its 2% target.
NDQ100 Update - Overaction? Thanks for checking out our latest update. Today, we are looking at the NDQ100 daily chart.
What a 48 hours we have seen. After a plunge that wiped off up to 1 trillion dollars and close to 600 million off Nvidia, we saw a fast fightback at the end of the session and a recovery on Tuesday. The crash occurred after Chinese Tech company DeepSeek shocked the AI world with a powerful LLM.
Looking at the last price action, has support reformed? Will we see the new push higher after this last seller test? Buyers look interested, but we would like further confirmation with rallies that fill the gap or a test of the last high.
Good trading from Eightcap.
$JPIRYY -Japan Inflation Rate Highest in Near 2 YearsECONOMICS:JPIRYY 3.6%
(December/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan jumped to 3.6% in December 2024 from 2.9% in November,
marking the highest reading since January 2023 as food prices rose the most in a year.
Meanwhile, the core inflation rate climbed to a 16-month peak of 3%, in line with estimates.
FTSE (UK100)BIAS: BULLISH
The FTSE(UK100) still ranging between 8400 and 8000... Break range and expect a big move (9K or retest 7800).
That rejection of 8100 makes me bullish bias X 2
If bias was to change
A solid push and resistance found around 8100-8000 would be expected.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
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Dollar Index (DXY): One More Clear Sign of Strength
Looks like Dollar Index is going to continue rising.
After an extended accumulation within a horizontal parallel channel,
the market violated its upper boundary on Friday.
Bullish trend will most likely continue.
Next goal - 110.5
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$SPX - idea from the historyI've just faced an unpublished idea about SP:SPX . Will publish it in the mid on the road. )
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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