S&P 500 Daily Chart Analysis For Week of Oct 24, 2025Technical Analysis and Outlook:
The most recent trading session exhibited significant volatility in the S&P 500 Index, marked by pronounced price fluctuations between the Mean Resistance at 6671 and the Key Resistance at 6753. This range served as a crucial threshold for market participants, prompting a series of rapid buying and selling that influenced the index's overall wild movement. Ultimately, this price action culminated in a breakout above the completed Outer Index Rally at 6768.
At present, the index is situated at the newly established Key Resistance level of 6800, which lies just below the historical high of 6807. This positioning indicates the potential for further upward momentum, as the prevailing trend suggests a well-structured Active Inner Rebound extension toward the Next Outer Index Rally target of 7110.
Conversely, it is imperative to acknowledge the possibility of a sustained, steady-to-lower pullback from the Key Resistance level of 6800 to Mean Support 6740 for the Secondary Primary Up-Trend to continue on its path.
Inflationhedge
EUR/USD Daily Chart Analysis For Week of Oct 24, 2025Technical Analysis and Outlook:
In the previous trading session, the Eurodollar market exhibited significant fluctuations between the critical Mean Resistance level of 1.165 and the Mean Support level of 1.159, with the current price oscillating between the two levels.
Market sentiment suggests the prevailing Active Inner Decline trend will continue. The ongoing market perspective continues to anticipate a price decrease toward the initial support level, indicated by Mean Support at 1.159, followed by secondary support at 1.155 and the Inner Currency Dip at 1.151. If this downward trajectory continues, it could extend further to the Outer Currency Dip at 1.145, alongside the Key Support level of 1.140.
Moreover, it is crucial to remain mindful of the potential emergence of an Active Inner Rebound at the Mean Support of 1.159, which may prompt a subsequent move toward the Mean Resistance of 1.165. Additionally, an Auxiliary Inner Rebound following the Outer Currency Dip at 1.145, in conjunction with the Key Support level of 1.140, will represent alternative rebound thresholds for the currency, along with the Mean Support at 1.155 situated above these levels.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 24, 2025Technical Analysis and Outlook:
In last week's trading session, the Bitcoin market experienced wild gyrations between Mean Support 106500 and the critical Mean Resistance level of 113500, as the price is currently actively fluctuating between the two.
Current market analysis indicates an initial recovery towards the Mean Resistance level of 113500, with the potential for further upward movement to the Mean Resistance level of 116000. However, it is crucial to acknowledge the possibility of a reversal at these resistance levels, which could extend to continue the Progressive In Force Retracement trend.
S&P 500 Daily Chart Analysis For Week of Oct 17, 2025Technical Analysis and Outlook:
Last week's trading session was marked by significant volatility in the S&P 500 Index, which experienced pronounced price fluctuations following its descent to our established Mean Support level of 6550. This level served as a critical point for market participants, triggering a series of rapid buying and selling activities that contributed to the index's overall gyrations.
At present, the index is positioned just below the newly established Mean Resistance level of 6671, which indicates the potential for further upward momentum, as this trend suggests a Well-built extension to the subsequent Mean Support level of 6550.
Contrariwise, it is essential to acknowledge and be aware of the emergence of the unexpected market drop to the Mean Support 6550, 6485, 6371, and the Key Support level of 6240. Additionally, it's crucial to take note of the Auxiliary Inner Rebounds occurring at these critical points.
Inflation and Interest Rates: Global Market ImpactIntroduction
Inflation and interest rates are two of the most critical economic variables that influence global markets. Their dynamics shape investment decisions, currency valuations, corporate strategies, and overall economic stability. Understanding their interplay is essential not only for policymakers and investors but also for businesses and individuals navigating a highly interconnected global economy.
Inflation refers to the sustained rise in the general price level of goods and services in an economy over a period of time. Moderate inflation is considered healthy for economic growth, as it encourages consumption and investment. However, excessive inflation erodes purchasing power, creates uncertainty, and can destabilize economies. Conversely, deflation—a sustained decline in prices—can lead to reduced consumer spending and economic stagnation.
Interest rates, typically determined by central banks, are the cost of borrowing money. They are a primary tool used to control inflation and stimulate or restrain economic activity. Lower interest rates tend to encourage borrowing and spending, while higher rates can dampen demand but stabilize prices. The relationship between inflation and interest rates is cyclical: inflation often prompts higher interest rates, and interest rates, in turn, affect inflationary trends.
Inflation Dynamics in the Global Economy
Global inflation is influenced by a combination of domestic and international factors. Key drivers include:
Supply and Demand Imbalances: When demand outpaces supply, prices increase. Conversely, excess supply can lead to deflationary pressures. Global supply chain disruptions, such as those caused by the COVID-19 pandemic, have historically fueled inflation in multiple sectors simultaneously.
Commodity Prices: Oil, gas, metals, and agricultural commodities are highly sensitive to geopolitical tensions and global demand fluctuations. Rising commodity prices often translate into higher production costs, which are passed on to consumers, driving inflation worldwide.
Currency Fluctuations: A weaker domestic currency makes imports more expensive, contributing to imported inflation. For example, a depreciation of the US dollar against other major currencies can lead to higher prices of imported goods in the United States, affecting global trade patterns.
Fiscal and Monetary Policies: Expansionary fiscal policies, such as increased government spending and tax cuts, can boost demand and trigger inflation if not matched by supply-side measures. Similarly, central bank monetary policies, including quantitative easing, influence money supply and inflation expectations.
Global Economic Integration: International trade, foreign investment, and cross-border capital flows link economies. Inflation in one major economy, such as the US or the EU, can ripple through global markets, affecting emerging markets that rely heavily on imports or foreign capital.
Interest Rate Mechanisms and Their Global Influence
Interest rates serve as the central lever to manage inflation and maintain economic stability. Central banks adjust rates primarily through policy rates, including the federal funds rate in the United States, the repo rate in India, or the European Central Bank's main refinancing rate. The impact of interest rate changes on global markets can be profound:
Capital Flows and Exchange Rates: Higher interest rates attract foreign investment seeking higher returns, strengthening the domestic currency. Conversely, lower rates can trigger capital outflows and currency depreciation. For instance, rising US interest rates historically strengthen the dollar, creating pressure on emerging market currencies and affecting global trade balances.
Investment Decisions: Interest rates influence the cost of borrowing for businesses and consumers. High rates discourage corporate expansion and consumer credit, reducing aggregate demand and cooling inflation. Low rates encourage borrowing, stimulate spending, and can boost equity markets.
Stock and Bond Markets: Interest rate changes affect asset valuations. Bonds are particularly sensitive; higher rates decrease bond prices, while lower rates increase them. Equity markets may react to rate hikes negatively if borrowing costs rise and profit margins shrink. However, sectors like banking may benefit from higher rates due to increased lending spreads.
Debt Sustainability: Both public and private debt levels are sensitive to interest rate movements. High global interest rates can strain heavily indebted countries and corporations, especially in emerging markets, increasing the risk of defaults and financial instability.
Inflation Expectations: Central banks often adjust rates preemptively to manage inflation expectations. Market participants closely watch central bank signals, as anticipated rate hikes or cuts influence spending, investment, and speculative behavior across asset classes.
Interaction Between Inflation and Interest Rates
The relationship between inflation and interest rates is intertwined, forming a feedback loop:
High Inflation → Higher Interest Rates: When inflation rises, central banks often raise interest rates to curb spending and borrowing, stabilizing prices. This was evident in the early 1980s when the US Federal Reserve, under Paul Volcker, aggressively raised rates to combat runaway inflation.
Low Inflation → Lower Interest Rates: In periods of low inflation or deflation, central banks reduce interest rates to stimulate demand. Japan's prolonged low-interest environment is a prime example of using rates to counter deflationary pressures.
Global Spillover Effects: Rate changes in one major economy affect other countries due to global capital mobility. For instance, when the Federal Reserve hikes rates, capital often flows from emerging markets to the US, causing currency depreciation and inflationary pressures abroad.
Expectations and Market Psychology: Inflation expectations shape consumer and investor behavior. If markets anticipate higher inflation, bond yields may rise even before central banks act. This self-reinforcing loop can amplify global financial volatility.
Impact on Global Financial Markets
Inflation and interest rate dynamics have far-reaching implications for financial markets worldwide:
Equity Markets: Higher interest rates increase borrowing costs and reduce corporate profitability, often leading to equity market corrections. Growth stocks, reliant on future earnings, are particularly sensitive to rate hikes. Conversely, lower rates generally support equity valuations and risk-taking.
Fixed Income Markets: Bonds and debt instruments are inversely related to interest rates. Rising rates lead to declining bond prices and higher yields, affecting pension funds, insurance companies, and global investors heavily invested in fixed income.
Foreign Exchange Markets: Currency values fluctuate in response to rate differentials and inflation trends. Countries with stable inflation and attractive interest rates see capital inflows, strengthening their currencies, while those with high inflation or low rates experience depreciation.
Commodity Markets: Inflation often drives commodity prices higher, particularly in energy, metals, and food sectors. Conversely, rising interest rates can depress commodity demand, as borrowing costs increase and consumption slows.
Global Trade and Investment: High inflation and interest rates can make exports less competitive, affecting trade balances. Foreign investors may shift funds to economies with higher real returns, influencing capital availability and investment in emerging markets.
Emerging Market Vulnerabilities
Emerging markets are particularly sensitive to global inflation and interest rate shifts:
Debt Exposure: Many emerging economies rely on external borrowing in foreign currencies. Rising global rates increase debt servicing costs, risking fiscal instability.
Capital Outflows: Rate hikes in developed economies can trigger capital flight from emerging markets, weakening currencies and increasing inflation through imported goods.
Inflation Management Challenges: Emerging markets often face structural constraints—like supply chain inefficiencies—that make controlling inflation difficult, amplifying the impact of global rate changes.
Policy Implications
Policymakers face a delicate balancing act:
Monetary Policy Coordination: Central banks must balance domestic objectives with global realities. Sudden rate changes in major economies can destabilize smaller economies, prompting coordinated interventions.
Inflation Targeting: Many central banks adopt explicit inflation targets to anchor expectations. By clearly communicating policy intentions, they reduce uncertainty in global markets.
Fiscal Prudence: Governments must complement monetary policy with sustainable fiscal measures to avoid exacerbating inflation or creating excessive debt burdens.
Risk Management for Investors: Global investors monitor inflation and interest rate trends to adjust portfolios, hedge currency risks, and manage exposure to sensitive sectors like real estate, utilities, and commodities.
Recent Trends and Lessons
The past decade has illustrated the intertwined nature of inflation and interest rates:
Post-Pandemic Inflation Surge: COVID-19 disrupted global supply chains, leading to inflation spikes in commodities and consumer goods. Central banks responded with gradual interest rate hikes to stabilize economies.
Energy and Geopolitical Shocks: Conflicts, sanctions, and energy price volatility have heightened global inflation risks, prompting rapid monetary responses.
Global Monetary Divergence: Different economies adopt varied approaches—some raising rates aggressively, others keeping them low—creating complex capital flow patterns and currency fluctuations.
These experiences highlight the importance of anticipating inflationary trends and proactively managing interest rate policies in a globally integrated economy.
Conclusion
Inflation and interest rates are pivotal forces that shape global economic landscapes. Their influence extends across financial markets, currencies, trade, and investment flows, creating a complex web of interdependencies. Policymakers must navigate the delicate balance between stimulating growth and controlling inflation, while investors and businesses must adapt strategies to manage risk and seize opportunities.
In an increasingly interconnected world, no economy operates in isolation. Inflation in one region can ripple through global markets, prompting interest rate adjustments and influencing investment decisions worldwide. The synergy between inflation and interest rates underscores the importance of careful monitoring, timely intervention, and strategic foresight in maintaining financial stability and fostering sustainable growth.
Understanding these dynamics equips market participants to anticipate shifts, mitigate risks, and capitalize on opportunities, emphasizing the central role of inflation and interest rates in shaping the global economic narrative.
S&P 500 Daily Chart Analysis For Week of Oct 10, 2025Technical Analysis and Outlook:
During the previous week's trading session, the S&P 500 Index experienced a notable decline in price activity after reaching the Key Resistance level of 6750 and the Outer Index Rally at 6946.
At present, the index is positioned just above the newly established Mean Support level of 6550, which indicates the potential for further downward momentum. This trend could extend to subsequent Mean Support levels of 6485, 6371, and the Key Support level at 6240.
It is imperative to recognize that the index may exhibit a strong rebound following its price contact at the Mean Support level of 6550. Furthermore, there exists the possibility of an upward extension that could reach the Key Resistance target of 6753.
EUR/USD Daily Chart Analysis For Week of Oct 10, 2025Technical Analysis and Outlook:
During the trading session of the previous week, the Euro exhibited considerable volatility, initially declining to approximately the Mean Support level of 1.153 before experiencing a substantial upward reversal. Current market indicators suggest that this bullish trend may persist, with particular emphasis on the Mean Resistance level identified at 1.165, which could lead to an ascent toward the secondary Mean Resistance at 1.174.
Conversely, recent price movements may indicate a reversal, leading to a decline toward the Mean Support level of 1.156, which could complete the Outer Currency Dip at 1.145. Should this downward trajectory continue, it may extend further to the Key Support level of 1.140.
S&P 500 Daily Chart Analysis For Week of Oct 3, 2025Technical Analysis and Outlook:
In the previous week’s trading session, the S&P 500 Index demonstrated a significant increase in upward price activity, rebounding from the Mean Support level of 6585. The index not only retested but also exceeded our primary target set at Key Resistance of 6693 and the Inner Index Rally level of 6704.
At present, the index is situated just below the newly established Key Resistance level of 6750, and it appears to be on track to complete the Outer Index Rally at 6768, indicating the potential for further upward momentum in the near future that could extend to the subsequent Outer Index Rally target of 6946.
It is essential to recognize that upon achieving the Key Resistance target of 6750 and the Outer Index Rally target of 6768, there may be an ensuing pullback toward the Mean Support level of 6675. Furthermore, there is a possibility of a further decline that could extend to the Mean Support target of 6604.
EUR/USD Daily Chart Analysis For Week of Oct 3, 2025Technical Analysis and Outlook:
During the trading session last week, the Euro fluctuated within the Mean Resistance level of 1.174. Current market dynamics suggest that this pattern may continue, with a strong focus on the Key Resistance level of 1.182, potentially leading to a retest of the completed Outer Currency Rally at 1.187 and the completed Inner Currency Rally at 1.191.
On the other hand, recent price action suggests a potential downward movement toward the Mean Support level of 1.166. There is a chance that this decline could extend further down to the Key Support level of 1.140.
S&P 500 Daily Chart Analysis For Week of Sep 26, 2025Technical Analysis and Outlook:
During the aforementioned week's trading session, the S&P 500 Index experienced a notable decline after reversing near the Inner Index Rally level of 6704, which resulted in a vigorous drop to our designated Mean Support target of 6585. The index is currently moving towards the established Key Resistance target of 6693 and is positioned to fully complete the Inner Index Rally at 6704, presenting the potential for additional upward momentum that could extend to the Outer Index Rally level of 6768.
It is imperative to recognize, however, that upon reaching the Key Resistance target of 6693 and the Inner Index Rally at 6704 targets, we may observe a retest pullback toward the Mean Support level of 6585, with the possibility of a further decline extending to the Mean Support target at 6485.
Equinox Gold 4H Chart Outlook Bullish ImpulseHere is my current take on AMEX:EQX Equinox Gold Corp. The 4H chart shows an unfolding bullish impulse. I hold this stock and have added to this position numerous times as shown on the chart. As the outlook suggest we could see a pull back in green wave iv at some point, which could provide another potential point to add to the allocation once it has played out. It's correlation to gold hasn't been very strong recently, but that can always change, I'm of the opinion that gold is overdue a pull back, I have linked one potential outlook on OANDA:XAUUSD , I have some other variations which I will work to post out soon. so keeping a close eye on Gold at these levels. More comments on the chart.
S&P 500 Daily Chart Analysis For Week of Sep 19, 2025Technical Analysis and Outlook:
In the trading session of the previous week, the S&P 500 Index demonstrated a significant upward price movement following a severe drawdown on Tuesday. The index successfully reached the Outer Index Rally level of 6620 and is currently progressing towards the established target of the Inner Index Rally at 6704, with the potential for further upward momentum to extend to the Outer Index Rally level of 6768.
It is essential to acknowledge that upon achieving the target of the Inner Index Rally at 6704, the expected price action is likely to initiate a substantial pullback, which is projected to aim for the target Mean Support level of 6585 and may extend to the Mean Support at 6485. Nonetheless, this primary segment of intermediary In Force Retracement pullback is likely to facilitate a considerable rebound, allowing for a subsequent retest of the Outer Index Rally level of 6704.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 19, 2025Technical Analysis and Outlook:
In the previous trading session, the Bitcoin market exhibited a modest increase and completed Inner Coin Rally 117700. Consequently, the cryptocurrency is currently experiencing a resumption of the intermediate Primary Down-Trend rebound, with the primary target identified as Mean Support at 114500. Additional support levels are defined at 111500 and 108300, respectively.
Current analysis suggests a slight probability that the Intermediate Primary Rebound could facilitate a retest of the Outer Coin Rally at 124500, via the Key Resistance established at 123500.
However, it is critical to acknowledge that the prevailing Bitcoin market sentiment reflects a continuing downtrend. Whereas upon the conclusion of the Primary Down-Trend, the Outer Coin Dip at 102500, it is anticipated that Bitcoin will resume its upward trend.
S&P 500 Daily Chart Analysis For Week of Sep 12, 2025Technical Analysis and Outlook:
In the previous trading session, the S&P 500 Index exhibited a substantial upward movement, reaching and completing the Outer Index Rally 6543, and it is striding towards our current designated target: Outer Index Rally 6620, as detailed in the prior S&P 500 Daily Chart Analysis.
It is critical to recognize that upon reaching this momentous target, the resulting price action is anticipated to initiate a significant pullback targeting the Mean Support level of 6485. This pullback is likely to facilitate a considerable rebound, allowing for a subsequent retest of the Outer Index Rally level of 6620.
S&P 500 Daily Chart Analysis For Week of Sep 5, 2025Technical Analysis and Outlook:
During the trading sessions of the previous week, the S&P 500 Index exhibited a notable downward movement, reaching the Intermediary In Force Pullback Extension of 6370. An Odds-on Secondary Rebound subsequently followed this decline, as the index restored its upward trajectory by achieving the Mean Resistance level of 6502, although it subsequently settled below this benchmark.
It is essential to acknowledge that the current rebound from the Mean Support level of 6447 suggests a significant probability of a sustained upward movement toward the long-term objective, namely the Outer Index Rally at 6543, as detailed in the prior S&P 500 Daily Chart Analysis. Conversely, one must consider the potential for a substantial pullback to the Mean Support extension level of 6413, which would likely precede another rebound.
Moreover, it is critical to recognize that the ongoing price fluctuations may induce a considerable pullback after the fulfillment of the Outer Index Rally target at 6543. Following this anticipated downward adjustment, the index will likely resume its upward trend, targeting the completion of the Outer Index Rally at 6420.
SILVER’S SUPERCYCLE: $40 Retest Could Ignite a Moonshot to $66Silver OANDA:XAGUSD ) has finally broken out of a multi-year resistance zone, soaring past $40 for the first time since 2011. With technical momentum building and macro tailwinds in place, this could be the beginning of a supercycle rally in precious metals.
Trade Plan:
🔹 Entry Zone: Watching for a pullback to $40.00 – a former resistance turned key support
🔹 Stop Loss: $38.00 (below support, invalidates breakout if breached)
🔹 Targets:
• TP1: $44.00 – $48.00
• TP2: $58.00 – $66.00
Why This Setup?
✅ Breakout from multi-decade cup & handle formation
✅ Bullish momentum driven by inflation hedging, weak USD, and rising industrial demand
✅ Historical precedents suggest that confirmed breakouts in silver often move fast and far
Watchlist:
🕵️ Keep an eye on volume, RSI divergence, and how price reacts near $40. A healthy pullback and strong bounce would validate the setup.
#Silver #XAGUSD #SilverStackers #Commodities #PreciousMetals #GoldVsSilver
#BreakoutTrade #TechnicalAnalysis #MetalsTrading #SpotSilver #TradingSetup
#MacroTrading #SafeHavenAssets #InflationHedge #SilverSqueeze #Supercycle
S&P 500 Daily Chart Analysis For Week of August 29, 2025Technical Analysis and Outlook:
During the trading activities of the previous week, the S&P 500 Index demonstrated significant downward price movements before indicating a recovery. It reestablished its upward trend by retesting the Mean Resistance level of 6470 and trading above this benchmark. Following this, the Index exhibited a strong pivot, leading to the establishment of a new Mean Resistance at 6502.
Currently, the objective is to reach our Mean Support target, set at 6441. It is crucial to acknowledge that once this Mean Support level is achieved, there exists a substantial likelihood of a robust rebound aimed at the long-term target, the Outer Index Rally at 6543, facilitated by the Mean Resistance of 6502. Conversely, there is a potential scenario involving a significant pullback to the Mean Support level of 6370, which an odds-on secondary rebound would follow.
S&P 500 Daily Chart Analysis For Week of August 22, 2025Technical Analysis and Outlook:
During the trading activity of the previous week, the S&P 500 Index experienced significant volatility before reestablishing its strong bullish trend. Initially, the Index faced a substantial decline, reaching our designated target of Mean Support at 6370. Subsequently, it rebounded vigorously, attaining our target of Mean Resistance at 6470, and is currently aiming for the Outer Index Rally target of 6543. It is essential to recognize, however, that there remains a possibility of a decline to Mean Support at 6426 before the upward trajectory resumes.
S&P 500 Daily Chart Analysis For Week of August 15, 2025Technical Analysis and Outlook:
During the trading activity of the previous week, the S&P 500 Index exhibited a predominantly robust bullish trend, achieving a noteworthy marker by retesting the completed Outer Index Rally target of 6420, as outlined in last week’s Daily Chart Analysis. The primary objective now is to target the subsequent level, labeled the Outer Index Rally target, of 6620. On the downside, it is crucial to recognize that the current price movement is prone to retreat to Mean Support 6370 before the upward trajectory resumes.
Wheaton (WPM) – Streaming Growth + Precious Metals TailwindsCompany Snapshot:
Wheaton Precious Metals NYSE:WPM is a top-tier precious metals streaming company, giving investors leveraged exposure to gold & silver while avoiding traditional mining risks.
Key Catalysts:
Production Growth Pipeline 🚀
Blackwater, Goose, Platreef, and Mineral Park all scheduled to begin production by late 2025.
Expected to meaningfully boost output, cash flow, and dividend capacity.
Commodity Tailwinds 📈
Rising gold & silver prices supported by central bank buying, geopolitical tensions, and persistent inflation.
Fixed-cost streaming model maximizes margin expansion in a bull metals market.
Earnings Acceleration 💵
Q2 2025 EPS forecast: $0.58 (+44% YoY).
Revenue forecast: $424M (+42% YoY).
Potential for valuation re-rating as growth trends materialize.
Shareholder Appeal 📊
$0.165 quarterly dividend offers both income and growth upside for investors.
Investment Outlook:
Bullish Entry Zone: Above $81.00–$82.00
Upside Target: $115.00–$120.00, driven by new mine ramps, commodity strength, and operational leverage.
#WPM #Gold #Silver #PreciousMetals #Mining #StreamingModel #Commodities #InflationHedge #DividendStocks #SafeHavenAssets
S&P 500 Daily Chart Analysis For Week of August 8, 2025Technical Analysis and Outlook:
During the trading activity of the previous week, the S&P 500 Index exhibited a predominantly bullish trend and is poised to retest the completed Outer Index Rally target of 6420, as outlined in last week’s Daily Chart Analysis. The primary objective now is to target subsequent levels, specifically the next Outer Index Rally target of 6620 and beyond.
It is crucial to recognize that the current price movement may initiate a substantial pullback from the present price action, either before or following the attainment of the Outer Index Rally peak at 6420.
S&P 500 Daily Chart Analysis For Week of August 1, 2025Technical Analysis and Outlook:
During the trading activity of the previous week, the S&P 500 Index displayed a predominantly bearish movement after completing our Outer Index Rally target of 6420, as highlighted in the prior week’s Daily Chart Analysis, with the primary objective now being to plug our Mean Support at 6200.
It is essential to recognize that the current price movement may trigger a significant further pullback to the Mean Support level of 6090. Following this downturn, it is expected that the index will resume its upward momentum, aiming for a retest of the Outer Index Rally peak at 6420.
S&P 500 Daily Chart Analysis For Week of July 25, 2025Technical Analysis and Outlook:
In the trading activity observed last week, the S&P 500 Index exhibited a predominantly upward trajectory. It traded around the Key Resistance level of 6314. It successfully broke through this level, with the primary objective being to complete the Outer Index Rally at 6420, as outlined in the previous week's Daily Chart Analysis.
It is crucial to acknowledge that the current price movement may prompt a substantial pullback following the completion of the Outer Index Rally, with the main target identified as the Mean Support level of 6309. Following this potential downward adjustment, it is anticipated that the index will resume its upward trend, targeting a retest of the forthcoming completion of the Outer Index Rally at 6420.






















