Friday, January 24, 2025
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Inventory markets hit aquire levels and bounce

  1. Emini S&P December barely absorbing as we alternate largely sideways for 7 sessions. The low & excessive for the closing session were 5756 – 5820. (To examine the unfold to the contract you alternate)

  2. Emini Nasdaq December hit my purpose & buying opportunity at 42350/250. Final session excessive & low for the closing session were: 20056 – 20287.

  3. Emini Dow Jones December longs at 42350/250 worked perfectly, hitting each and each targets earlier than the shut. Final session excessive & low for the closing session were: 42245 – 42715.

Emini SP 500 September futures

  • Emini S&P moved very runt closing week, retaining a 85 point fluctuate as we’re battle to push elevated in severely overbought circumstances. Shorts are a putrid belief with out a promote ticket within the form of solid longer interval of time bull pattern.

  • So I in truth have no solid signals nonetheless if we proceed elevated peep 5875/85, perchance as a long way as 5900/05.

  • My handiest advice on strategies to alternate this market is to aquire at enhance nonetheless be snappy to care for shut a profit within the low volatility circumstances.

  • HOWEVER sadly we over ran the following enhance at 5775/5770 hitting 5756 earlier than seeing the anticipated rebound.

  • If we proceed decrease on the present time peep solid enhance at 5745/35 & longs need stops below 5730. Targets: 5755 & 5765.

  • A shatter decrease this week nonetheless would possibly perchance well purpose 5695/90 & even enhance at 5680/70. Longs here need stops below 5660.

Chart

Nasdaq September futures

  • The shatter above the August excessive of 20217/251 hit my targets of 20330/340 & 20400/430, nonetheless no longer reasonably as a long way as 20600 gorgeous but, with a excessive for the week at 20538.

  • We gorgeous held at enhance at 20250/150 the day gone by nonetheless longs need stops below 20050.

  • If we proceed decrease this week we meet very solid enhance at 19900/800 & longs need stops below 19700.

Chart

Emini Dow Jones September futures

  • We wrote: I mediate gains are likely to be runt in severely overbought circumstances nonetheless there is without problems no promote ticket & I will remain a  buyer on any profit taking.

  • We did dip as a long way as enhance at 42350/250 as predicted & this did show to be an very unbiased correct buying opportunity nonetheless longs need stops below 42150 on a retest on the present time.

  • Targets of 42500 & 42650 were hit straight away, which approach we caught the low & excessive for the day.

  • A shatter decrease this week nonetheless risks a lope to 42000/41900 & longs need stops below 41800.

Chart

The contents of our reports are intended to be understood by knowledgeable customers who are fully responsive to the inherent risks in International change, Futures, Choices, Stocks and Bonds buying and selling. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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