S&P 500 Targets: Continuation of Record-Breaking Gains Amid MacrTechnical Analysis
The S&P 500 cash index, depicted on its daily chart, has extended its record-breaking trajectory by decisively breaching the prior resistance level of 6,031.24. This movement has prolonged the established bullish trend, guiding prices towards a critical resistance level at 6,110.21, corresponding with the 141.40% Fibonacci extension. A continuation of this bullish momentum could see buyers break through this resistance, subsequently targeting higher levels at 6,149.12 and eventually 6,221.99.
Conversely, should sellers regain momentum, initially targeting the key support level at 5,840.49, a confirmed breakdown below this support would signal a potential shift in sentiment.
Key Events to Watch
The weekly jobless claims and U.S. trade balance reports are expected to provide further insights into the resilience of the economy. In addition, all eyes are on the non-farm payrolls report due on Friday, which will be instrumental in assessing the extent to which robust corporate growth has translated into labor market strength.
Moving Averages
Healthy growth on EthereumEthereum is in an uptrend according to the Exponential Moving Averages (EMAs), but more importantly, the current price ($3700) is about EMA 20. Buying Ethereum at an average price has a positive risk-reward ratio. In a bearish scenario, ETH could bounce from EMA 200 ($3350) at the latest and still maintain a bullish trend. Anything below EMA 200 would have a bearish indication. If the current bullish trend persists, Ethereum eyes the $4000 psychological resistance.
EG INDUSTRIES - POTENTIAL BULLISH CONTINUATION PATTERN ?EG INDUSTRIES - CURRENT PRICE : RM2.03
In long term the stock is UPTREND as the share price is above 200-day EMA. For short and medium term, the stock is trading in sideways. However, based on chart pattern analysis, the stock is potential of making BULLISH ASCENDING TRIANGLE - Bullish Continuation Pattern .
Based on ICHIMOKU CLOUD, the share price is trading above CLOUD indicates a little bit bullish scenario. CHIKOU SPAN is in CLOUD and pending to breakout above cloud. If CHIKOU SPAN manage to break above CLOUD, it will add more bullish outlook for the stock and technically it is a buy signal.
At current moment, if the stock made a high above RM2.05, then technically it is a buy signal for me based on CHART PATTERN (Completion of ASCENDING TRIANGLE) and ICHIMOKU CLOUD (CHIKOU SPAN breakout CLOUD).
ENTRY PRICE : RM2.06 - RM2.10
TARGET PRICE : RM2.22 and RM2.37
SUPPORT : 50-day EMA
Coherus BioSciences | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Coherus BioSciences
- Double Formation
* Support=0 | EMA 20 | Area DIsclosure | Subdivision 1
* Neckline | Pattern Alignment At 2.40
- Triple Formation
* Entry Bias Hypothesis | Entry Area | Subdivision 2
* Retracement | 0.5. 0.236 & 0
* Angle 1 | 3,4,5 Wave Template | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
PayPal | PYPL | Long at $64.00From a technical analysis perspective, PayPal NASDAQ:PYPL is in the early stages of a potential downward trend reversal/stabilization based on my selected simple moving averages. With a current P/E of 15x, recent earnings beat, low debt, and earnings growth potential/estimates, PayPal is in a personal buy zone at $64.00.
Target #1 = $72.00
Target #2 = $85.00
Target #3 = $93.00
Target #4 = $117.00
Nvidia: Next Leg Coming?Nvidia has been mostly quiet since the summer, but some traders may think another move to the upside is coming.
The first pattern on today’s chart is the August high of $131.26. NVDA broke above this level in the first of October and then pulled back to test it in three different weeks. Has old resistance become new support?
Second, the 50-day simple moving average (SMA) recently converged with the 100-day SMA and is now pulling away. That may suggest its longer-term trend is getting bullish after a period of neutrality. (The activity also resembles patterns in late 2023 and early 2024 before the chip giant doubled.)
Third, stochastics are rebounding from an oversold condition.
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#ETHWUSDT #1W (ByBit) Descending channel breakoutEthereum PoW regained 50MA weekly support and seems to be in full bullish mode, continuation is on.
⚡️⚡️ #ETHW/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures, OKX Futures
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 5.0%
Current Price:
3.665
Entry Zone:
3.524 - 2.904
Take-Profit Targets:
1) 5.119
1) 7.030
1) 8.941
Stop Targets:
1) 1.940
Published By: @Zblaba
AMEX:ETHW BYBIT:ETHWUSDT.P #1W #Ethereum #PoW ethereumpow.org
Risk/Reward= 1:1.5 | 1:3.0 | 1:4.5
Expected Profit= +59.3% | +118.7% | +178.2%
Possible Loss= -39.6%
Estimated Gaintime= 3-6 months
Paramount Global | PARA | Long at $11.00 (Jan '26 Call Options)Paramount Global NASDAQ:PARA may be gearing up for a price move to reach my historical simple moving average (white and green lines). It appears to be consolidating in the $9-$11 range, but the company is on shaky grounds. Currently, their debt is not well covered by operating cash flow, the dividend of 1.82% is not well covered by earnings, and there has been some insider selling lately. But earnings and cashflow are expected to grow in the future. So, it's a tossup in terms of fundamentals if the future actually plays out. Thus, while I have no desire to hold shares given the risks, the chart is enticing. January 2026 call options (strike of $12.50) are $0.90 each and that may be enough time for this to either move up or implode. The personal risk is small, but the reward could be generous.
Target #1 - $12.50 (January 16, 2026 call options, priced at $0.90 each)
CFX is readyAfter an 80% correction from $0.55 this year, CFX seems to have found its lowest price of the year at $0.125. With Bitcoin's positive price movement, CFX looks to provide positive price movement. The signs are that the price action crossed the 21 SMA (weekly chart), and the RSI reversed and crossed the 50 boundaries.
CFX's target is to make a higher high after $0.55. But before that, CFX must be able to cross the $0.23 price because there is a potential supply in that area.
Levi Strauss & Co | LEVI | Long at $15.75NYSE:LEVI Straus & Co. A very historically strong company with a loyal following. While you can say what you want about quality changes and a company that feels "stale", Levis jeans don't go out of style - they just ebb and flow within style trends. While the value isn't quite there for NYSE:LEVI with a P/E of 42x and price-to-cash flow of 22x, we are near Santa Claus rally season. From a technical analysis standpoint, it just touched the "bottom" of my historical simple moving average and may be poised for a bounce from here. However, there are still two price gaps on the daily chart between $13.70 and $14.50 that (likely) will eventually be closed - which I believe may occur with greater signs of slowing consumer spending (i.e. future recession). But, for now, NYSE:LEVI is at my personal buy zone at $15.75 for a buy-and-hold into 2025.
Target #1 = $18.00
Target #2 = $20.90
Target #3 = $22.75
The 3 Reasons To Buy Nvidia StockNvidia is coming back to the markets
and its going to be exciting to see
how this stock will perform
This December
earlier
today i wrote about how I was so
fearful about only trading bitcoin
as a source of income
in the capital markets even though
I will try to document on the stock market
because I know you may have some interest in
trading stocks.
And so once in a while, I will document
on stocks if the price action as a swing trader.
if its too good not to ignore but
sadly I will not participate in the trades.
Do you remember the
rocket booster strategy?
It has the following 3 steps:
#1-The price has to be above the 50 SMA
#2-The price has to be above the 200 SMA
#3-The price should gap up in a trend
The last step is important because we are buying
the stock at a cheap price.
as you can see from looking at
the MACD histogram indicator
below this chart NASDAQ:NVDA
this is what you will see on this chart
Do you remember what boosts this
strategy?
Its candle stick patterns
If you want to learn more about trading
rocket boost this content.
Trade safe.
Disclaimer: Do not use a high margin above x5
also, trading is risky please learn risk management and profit
taking strategies
Also feel free to use a simulation trading tool
to improve your trading before
you trade with real money.
The #1 Reason You Should Buy Bitcoin Now.Yesterday i was so discouraged,
as i was kneeling down
to help myself after meditation.
And so I decided to re-up
and go grab some coffee.
And some corn snacks
And some milk just to boost my
digestion system
Because about 3 days ago I made a decision to
put the pen down on stock trading, and
forex trading and commodity trading
as a source of income but instead
focuss on trading bitcoin
This decision brought about some
much fear, discouragement and resentment
but its for the better good
and for my mental health.
Am still good at trading all those
assets I mentioned above
but this time I want to focus
because according to business strategy
Written by W Chan, and Renee
elimination is the key to maximum profit
and that elimination requires focus
this is why I created "My Top 13 iron watchlist"
to learn more check the resources below
to drill down to one asset class to trade.
Yes once in a while I will
document on stocks, and forex but my
focus is now bitcoin COINBASE:BTCUSD
Now look at this chart below
you see the MACD Histogram
those red bars mean that the price of bitcoin
is very cheap according to historical performance
so this is the time to get it at a cheap price
before it goes up.
in short
when you see that red
color it means the bitcoin market
has crashed.
and as Roberrt Kiyosaki
says the best time to buy is in a market crash
trade safe.
Rocket Boost this content to learn more
Disclaimer:
Trading is risky you will lose money whether you like it or
not please learn risk management and
profit-taking strategies,.
Also trade with a simulation account
before you trade with real money
Short Semiconductors on Falling DemandThe semiconductor ETF NASDAQ:SMH is currently trading at an all time high because of the belief that there will be increased demand for semiconductors arising from the applications of generative AI. However, on a fundamental level, semiconductor revenue has been dropping for the past five consecutive quarters ( Omdia ). In fact, in the first quarter of 2023 alone, semiconductor revenue dropped 9% from the previous quarter ( Omdia ).
As I see it right now, here are some
positive points for semiconductor companies:
Generative AI has increased demand for semiconductors
Cryptocurrency prices are high, increasing demand for semiconductors
and some negative points for semiconductor companies:
Overextended from Moving Average 300
Generally declining demand
Decreased consumer demand for gaming PCs as Economy heads into recession (since gaming PCs are a luxury good)
US Semiconductor Equipment is being used in China, increasing supply and therefore decreasing price for semiconductors.
Burry entered a large put position on SOXL, and NVDA put premium is currently extremely high
Overall, I am bearish on semiconductors because I think the AI argument is priced in excessively considering the previously dropping demand, and have purchased puts to profit off a potential fall in the value of semiconductor companies.
Drummond Geometry: Envelopes and TerminationsIn Drummond Geometry, envelopes serve as dynamic zones of expected price action, and terminations mark key points where price either respects or challenges these levels. Let’s explore these concepts based on the chart provided and the behavior of Tesla stock.
1. Envelopes and Their Role
- Definition : Envelopes represent boundaries derived from price movement, predicting areas of support and resistance. The chart displays various DG lines and envelopes:
- The inner bands (the blue filled area limited by red lines) reflect the Envelope Top and Bottom
- The outer envelope also known as Area 1 for the below part and Area 6 for the above part (dark green zone) marks the exhaustion zone , where price typically meets resistance or support and reverses.
- Behavior on the Chart :
Notice how Tesla’s price action interacts with the envelopes:
- After a significant upward movement in early November, prices exceeded the upper exhaustion zone .
- Rather than reversing, the exhaustion zone acted as support , allowing price to consolidate and enabling the envelopes and PLdot to "catch up" to the higher price levels. This might seem unlogical, it appears however more often than not. The PLdot needs to catch up with the price action!
2. Terminations and Congestion
- Congestion Terminations (Blue dots/circles):
These occur where price closes near the DG line, indicating indecision or a pause in trend direction. In the chart:
- Blue terminations cluster around October 30 - November 6, showing congestion after which a sharp move up follows. This congestion allowed the price action to stabilize before resuming the trend.
- Breakout and Continuation :
When prices break above or below the envelope, terminations play a critical role:
- On November 11, the price could not break the exhaust zone for the Nov. 12, thus typically signaling exhaustion. The high of that day was rejected by the lower exhaust boundary of Nov. 12. Remember, you know the exhaust zone for the upcoming day with DG as these are always available for the bar ahead
- What followed was a "cycle". In DG this is explained as a market movement from one envelope to the opposite one. Price eventually went to the daily exhaust zone below, which was also the proxiity of the MTF live weekly ETOP finding support and rotating again higher.
3. Interaction of DG Lines (5-2 and 5-9)
The chart includes:
- 5-2 Lines (Yellow Circles and Crosses):
These lines reflect nearer-term support and resistance.
- 5-9 Lines (Red Circles and Crosses):
These represent stronger levels of potential support and resistance.
---
4. Exhaustion Zone Acting as Support
The most notable observation from the chart is how the exhaustion zone flips its typical behavior:
- Expected Behavior :
Normally, when prices move into the exhaustion zone (upper envelope), resistance is expected, leading to a pullback.
- What Happened :
In this case:
- The exhaustion zone acted as support .
- The price stabilized above this level, allowing the PLdot and envelopes to "catch up."
- This "catch-up" mechanism reflects a realignment between market momentum and the statistical framework of the DG lines.
Takeaway for Traders
This chart demonstrates that while envelopes and terminations provide reliable zones for potential price reactions:
1. Context is Key: The exhaustion zone’s behavior can adapt, switching roles between resistance and support depending on market conditions.
2. Congestion Helps Trends : Congestion terminations (blue dots) can mark pauses that prepare for further trend continuation.
3. Flexibility of DG Lines : The interaction of 5-2 and 5-9 levels offers layered insight into market structure, helping traders refine entries and exits.
By combining envelope behavior, termination probabilities, and DG line interactions, traders can better anticipate price movements and manage risk effectively.
Norwegian Cruise Line | NCLH | On the path to profitability?Norwegian Cruise Line NYSE:NCLH , as well as many of the other cruise line stocks, never fully recovered from the 2020 market crash. From a technical analysis standpoint, this stock may be poised for a nice upward trend soon since it's been consolidating in my selected primary simple average. It is in a personal buy zone at $18.00.
Target #1 - $22.00
Target #2 - $25.00
Target #3 - $55.00 (very long-term)
Healthcare Sector (XLV) Long-Term BuyI believe healthcare will be the next rotation coming out of this tech bull run. Using the Trade Jeanie (Jeanius Screener/Indicator), I was able to see the current technical buy signals happening on AMEX:XLV :
Took out an untested low
Price touching 21EMA while the 9EMA > 21EMA
Retested a level that was broken to create a break of structure (BOS & Retest)
The Jeanius Indicator shows green 'Combo' labels every time this same combination of signals happened