There is no deterioration in the long-term chart of SP 500 and a new ATH has arrived. The probability of seeing a 5-7 and 10% correction has increased, but for a sharp correction we need to go below 6000. Roughly, as long as we stay above 5640, every decline is a buying opportunity. The main target is the 7000 - 7500 range. Those who expect a global collapse soon will be beaten up again. Get well soon.
If Nasdaq can correct a little this week (there is still serious momentum, sell transaction is risky) 22500 - 22300 levels may come to the agenda. We can see a healthier Nasdaq afterwards. For those who take short-term transactions, the stop is below 22000. The closing should be between 24500 - 25000 by the end of this month. My long-term target has increased from the 27000 - 30000 range to the 29000 - 32000 range. In addition, as long as it remains above 21200, all deep declines are buying opportunities.
I increased my DAX medium-term target from 27000 to 30000. The only condition is that there should be no closings below 22300.
The movement in ounce gold has started to narrow. Below 3250, the top is 3430, this band is still active. Uptrends are sales, downtrends are buying. Closings above 3430 can take the movement to the old peak. We will be exposed to a sharp movement after we get rid of the band movement. Above 3430, the short margin is 200 dollars, 3630 - Below 3250, the margin is 200 dollars, 3050. Gold, which is moving very quickly to its long-term target price, is expected to remain horizontal for a while. The medium-term target price is 4000, the only condition is that it remains above 3000. If it falls below, the term will be extended.
The price in silver reached the level of 37.50. In the short term, the bull flag is the target range of 39 - 40 as long as it remains above $ 35. Our expectation in the medium term is $ 50+.
Platinum, which has been stuck between 700 and 1050 for 7 years, has risen to 1450 when 1100 was exceeded. A horizontal movement is normal for a while (1300 - 1450 range). As long as it remains above 1300, $ 1750 is the target. I expect the product, which has been standing for 7 years, to complete the a b c formations. This corresponds to the $ 2000 level. If you have not arbitraged gold and platinum, you do not understand the market.
Brent oil went up a little due to geopolitical risks, but settled down again. Although it remained horizontal for a while, oil now wants the $ 50 level. My only condition is not to exceed $ 80.
Bitcoin rose to the 110000 level after the 85000 upward break and is currently moving horizontally. Although this horizontality may continue for a while, the target range is 127000 - 135000 as long as it remains above 98000 in the short term. The peak figure in the long-term chart has increased from the range of 150000 - 180000 to the range of 180000 - 210000. My new medium-term target area is 200000.
Just as Ethereum silver was suppressed, the suppression of Ethereum in the same way, the lack of price stability, maturity shift and many similar factors delayed and prevented the lower rally. I expect an increase in the summer months, but I do not expect it to exceed the old ATH level before September. Either news, data or it will definitely remove this product. But playing with price stability is literally disgraceful for exchanges. So if we see the next bull, I will only chase trading on decentralized controlled exchanges. Technically, there is a positive news expectation, possible staking etf news.
We may see serious jumps at the bottom from time to time throughout the summer. But the real rise will either happen or start in September or October.
Those struggling with the confusion of whether to buy or not at 1.03 in Eur-Usd are sighing right now. Demand zones are always exposed to sharp reversals. The extreme situation is still basically indicating strengthening. This supports my king the cash scenario in the coming periods. Technically, declines up to 1.15 are considered normal. Those who say there is a gap below etc. are fools. There is also a gap at 1.40 and it has not closed for 7 years.
1.23 is the area where the door will open upwards. When we exceed 1.23, 1.40 and 1.60 levels will come to the agenda, I wanted you to hear it from me first. My only condition is that the 1.13 - 1.12 zone does not break down.
Band-by-band declines continue in Usd-Jpy. Our current band is 149 - 140, in case of downward intersections, the 130 level will come to the agenda. As long as it remains below the 150 level, my expectation in the long term is the 120 - 110 range.
The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.
