The eyes of the whole world were on the elections in America. Trump won the election, but Trump's biggest supporter was Elon Musk, and so right now, after Trump won the election, we saw exactly this pricing in the market. Trump said he would make America a cryptocurrency base and also use cryptocurrencies in critical reserves. Right now, Bitcoin is going crazy. On the contrary, we are also experiencing a realization in gold. When we look back, his biggest supporter is Elon Musk, and therefore, there is a rally in Tesla. Its market value hit $1 trillion again. In other words, there is a complete election pricing. But the million-dollar question is; Is this sustainable or is this post-election hype that we are currently experiencing? That is the real issue. We are currently experiencing Trump enthusiasm, Elon Musk enthusiasm. As you know, cryptocurrency investors have been waiting for this for a long time. What is happening right now is generally an announcement of the obvious. In fact, there is nothing unexpected. We have come very strongly for 3-4 days with enthusiasm.
I think I am very optimistic about the medium and long term, especially on the American stock exchange side. But the short term is not today or tomorrow for both crypto and American indices, I am still a bull, I will never back down, but I will pull back my horns a little. There is a risk. We have experienced Trump in the past, he is not a president we will know for the first time. He may make a projection change, but think of it as Trump starting his term in the new year. But he says he will reduce customs duties. On the other hand, he says he will implement a more expansionary monetary policy. But Kashkari touched on an important point. Nobel Prize winner Daron Acemoğlu is upset that Trump won, there is a reason behind it. Very serious uncertainties will come after the enthusiasm.
Daron says Kashkari said the same thing; after all, we are trying to reduce interest rates as the FED and our target is 2%. We came this far with a tight monetary policy, even though we started with 50 basis points, if Trump implements an expansionary monetary policy when we are about to reach that two, this will contradict the monetary policy we are implementing. This will create inflation again and we cannot continue to reduce interest rates. Then, things will really get messy again. Can you imagine the FED trying to raise interest rates at this point, that's the risk. There is a risk in the market if inflation spikes again, they are worried about that in 2025. But if inflation starts to rise in America, this will not cause a collapse in the stock market, stock markets all over the world feed on inflation. If the risk materializes, first there will be a sell-off, which will be a buying opportunity.
We have reached places that have never been priced in S&P. I am also using Fibonacci in unpriced areas. Because there is no costing zone there before. What we will do here is to determine upper targets from technical analysis arguments, that is, formations and Fibonaccis. The trend in S&P is very strong above the 34-week moving average. Therefore, unless this chart falls below 5491, there will be no deterioration with the trend assumption, and as I have stated for a long time, pullbacks will be buying opportunities. Therefore, this weekly candle we took with Trump as of November was very strong. Since the short-term moving averages are very low, my advice to investors is this; As long as it stays above 5800, the strategic gap in S&P is open towards 6020 and even towards 6932 in the medium term, but I recommend investors who will make new costs to pay attention to two things.
One is that since we are moving away from the moving average, although the general trend will go up, we may receive an internal correction. If we are taking it as short-term trading, we should be cautious below 5837. If 5837 is broken, I also recommend that they be controlled against the risk of a deepening correction that could last 2-3 weeks. If 5837 is broken, the correction will deepen. The 5627 - 5491 correction will begin. As long as 5837 is not broken, the appetite gap in positions towards 6020 can be narrowed and followed upwards. As long as it stays above 5837, uptrade can continue towards 6020 and above. But the lot weight numbers opened in positions should now be gradually controlled. Because the possibility of a correction towards 5837 may occur in S&P. Below 5837, a correction process begins in S&P towards 5627 - 5491. This correction process can also extend over a period of approximately 4 weeks.
I read this chart as a buying opportunity in the pullback towards 5491. The lower indicators also support the trend. Here, I recommend that investors who will invest only in S&P ETF or a stock in S&P should not ignore the risk of a correction towards 5837 while heading towards 6020 due to excessive departure from moving averages, and even keep it a little ahead. This does not mean selling, of course it means being controlled. In other words, it means increasing the weight of new positions, staying controlled. Because although Trump will feed the capital markets, it is also necessary to be careful against the risk of the correction of the markets by uncertainties on certain issues that the FED chairmen also mentioned.
I had previously said that all pullbacks towards the 215 - 175 region in Tesla were buying opportunities. It was in an upward expectation with a strong election expectation. Let's pay attention, the Fibonacci 78.6 of the 410 - 101 decline was seen, 344 - 345 dollars. When I was analyzing before, I said that all pullbacks towards 175 - 210 are a perfect buying opportunity for 344, which corresponds to 292, Fibonacci 61.8 and Fibonacci 78.6. The region filled quickly. Now we have come to the following point in this chart; It is necessary to be controlled in the 344 or 350 - 360 region with a little stretching. I will follow whether this escape gap will remain, will it go to 410 - 494 with great momentum or will a correction start in Tesla towards 292 - 266. Therefore, let me state it like this; 292.5 intermediate support, 266.5 Tesla can be followed as strong supports in pullbacks.
Even if we are in an upward trading discipline, it will be very valuable to look for a close above $ 344 or even $ 350 for those who make new costs. We could not pass above this 344 - 350 area or until we see closings, I will be cautious about this being an escape gap. This may not seem like an escape gap to me. If there are no closings above the 345 and 350 dollar area, it would be a correct technical discipline for those who have positions to review their positions. If you say that I have no position, I missed it, I could not look, I could not wake up, it did not work, I could not do it, this chart should be viewed with a little caution until it has multiple closings above 350 dollars, that is, more than two closings. If it falls below 266 and / or below, it can be tampered with again for the next wave. The 350 - 292.5 band is not on my radar for Tesla.
According to the technical analysis that says that it would be risky to take a position here in the short term, namely, staying at the peak of 2790 in gold due to the Trump effect, my personal opinion is; I think that the 2590 - 2535 region will balance this $200 - $250 downtrend of gold's ounce and will start a major reaction trend towards 2620 - 2676. Therefore, I think that gold will start to balance at 2590 - 2530. But if you ask me whether I would expect gold to rise as it fell, I would not. I think we are entering a period where the trend will not come out. If you ask me when you would open a position in gold, I would open it above 2670.
There is a really strong rally in Bitcoin right now. If I have a position in Bitcoin, I would put a stop below 84000 for 1 - 2 hours. In other words, I would protect my risk or profit. I would have a hard time buying new ones. In other words, my hand may not reach the button. Let me say that openly. I would either put a stop below 84000 or if it reaches the 92104 region, I would sell gradually. If I have a position, I would gradually sell my profit at 92104, I am not saying I would short at 92104. Because don't short something that is trending. For example, if I try short, I won't try unless 84000 is broken. I won't short something because it has risen too much. As long as it stays above 84000, I read upwards towards 92104, I would gradually give it in that area, I would say thank you, take me off the table. I would wait below 84000, I wouldn't buy.
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