This week will be decisive in Nasdaq. Technically, the 17900 level is important (current closing price 18546). As long as we do not get daily closings below this level, I maintain buy positions. The Fed did not cut interest rates, but the market lowered its own interest rates. US 10-year bonds are coming down. The second issue is the cash leaving the market, the reason for which is that Japan's interest rate hike wants to return to the country of 5 trillion dollars of free credit, and sudden events like this can break out. Fear prevails in the market, the VIX index reached the 21 level, the main resistance, months later. Although I like to buy fear, this happens within the technical framework, because tensions are increasing in the Middle East and there may be points where even technical analysis will not work. In short, unless the 17900 level is broken, I am positive and expect a return to the 20000 level. It broke the 200 dma as in the 2001 - 2008 - 2020 crashes. Staying below here may leave every exit as a sell. The worst weekly candle after the pandemic. I hope this remains as a needle. If it doesn't, we are likely to see much bigger and deeper declines. The scenario I expect in 2025 may be active in 2024.

The 18000 level was important in the DAX, when it was broken, a very sharp candle came down and we relaxed to the 17600 level. Either it will continue on its way without a sharp reaction and a new bottom from here. Or they can exhaust it to the 17000 level below. I don't expect a change in the main trends until at least the end of 2024. However, if the 17000 level is passed down, it would be useful to be cautious.

Silver, which has its share of the Fed, Japan, and recession expectations, is trying to recover. Below 27 is now working as an important support. As long as it stays above 27, I expect the horizontal slow upward trend to continue for a while. The real hard and fast movement will start when 32.50 is passed. Below 27 is extremely negative.

I am giving 2 figures for ounce gold, 2380 - 2420. As long as these ranges are not cut down, there is room up to 2590. If it is permanent below 2380, there may be decreases of 2300 - 2280 - 2250. However, this will not be enough to break the trend. The target price for 2024 is 2700, and the target price for 2025 is 3200.

In USDJPY, the BOJ's second interest rate hike finally made Yen strong. In my opinion, it is still very cheap. Technically, we have fallen by 9 and 10%. Therefore, it may be a bit illogical to look for extra sell from here. The levels of 150 - 151 - 152 - 153 can be followed as a reaction area. The target price is 130. In addition, CHF - JPY realized a monthly negative candle after long months. As long as 180 cannot be exceeded, it will first want 156 and then 144 below and it is a matter of maturity. The declines can be squeezed into 8-10 months, or even shorter.

Brent oil has slowly approached the levels we expected with fears of a recession. The aggressiveness of sales can take us to $71. That level is the main support, and slipping below it will lead to much more intense sales. As long as $82 is not exceeded at the top (if it is, I will continue to buy gradual sells), I expect $60 and $50 in the medium term. But in the long term, I think oil will be much stronger after 2025 and 2026, like $300.

While we were saying that the Bitcoin bear trap worked, war, recession, Japan brought us back to the channel bottom and the chart part was broken. Persistence below 57000 may spoil things a little. But the bull is inevitable. Such formations are used to shake up and the term is changed. News is served, brave people who can buy fear are needed.

We are also watching a shakeup in Ethereum. In the short term, the support level of 2850 was cut down and is currently in a partial recovery phase. If we cannot permanently exceed the 2950 and 3000 areas within 2 days, the price will want 2500 and 2400 and this will remain as the final bottom.

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