I normally expect a fast movement here in Nasdaq. However, both at the end of the year and with the new president, the system has now turned into a 3 forward 2 backward period. Deep declines are buy, fast increases are sell mode. Technically, 19500 is the break, 18900 is the main support. The 21500 level is also the main resistance. The 21500 - 20500 band movement will continue for a while. My main target price expectation is 25000. All declines continue to be a buying opportunity. The band movement in December and January will offer a good opportunity to expand the vault.
Dax continues its movement in the horizontal zone. The band is stuck in the 1000 point area between 18750 - 19750. When 19750 - 19900 is broken, then we can talk about harsher movements.
There is no technical deterioration in Russell. Nasdaq and Russell made good profits, silver is resting. While the global market is calm and horizontal on the Russell side, sudden jumps can be seen. The intermediate target is 2600, the main target is 3000.
After the 2600 support was broken last week in ounce gold, we quickly reached the 2500 level, but we returned very quickly. The breaking and rapid return of the 2600 support increases the possibility of a bear trap. For this, it should not fall below 2580 again and the 2736 level should be exceeded. There is no deterioration in the main trend. Short-term charts continue by multiplying buyers and sellers. My medium-term target price expectation is 3400. As long as it does not fall below 2400, all declines continue as buy.
The product, which could not keep up with the recent rise of ounce silver gold, got stuck at the 31.50 - 31.80 resistance. If we can close above these two levels for 2 days, the movement will continue where it left off. Silver is a bit of a delicate product, but when the movement starts, you do not think about gold, platinum, or palladium. There is no deterioration in medium-term charts. The main support is the $27 level. If we do not go below this level, we will move towards the target of 50+ dollars in the first half of 2025.
Brent oil produced some reaction last week. But it still looks very weak. Reactions up to the 78 and 80 regions are considered normal. If there is no geopolitical risk, the oil side will continue to decline. The key figure here is 70 dollars, if we come back there, this time it will be broken.
Ethereum is in a bit of a resting period since we passed the 2900 resistance very quickly. However, if we can exceed 3500, we will observe much sharper increases in altcoins. The main target price expectation is 6000, 8000 and 10000 may also come to the agenda in the medium term. All declines up to 2800 are buying opportunities.
We finally reached the 100000 resistance in Bitcoin. Those who expect 40000 will return from 75000 - 80000 have their coffers fueled for the rise. It is quite healthy for there to be a horizontality here, roughly like the band 84000 - 105000 and back and forth. I have mentioned before that the altcoin rally has started. Candles of 50 - 70 - 100% are coming every day. We will see increases in each sector. When these candles reach 200 - 300 - 500% on a weekly basis, deep corrections will begin in the sector and coin (we are at the beginning and I am telling you very early). Until these sharp increase candles come, you will continue to wait for volume to come to your product in the market. The main target price expectation is 150000 - 180000 and if they exaggerate that figures like 15 - 25 - 40x will be seen from their own bottom price in the right altcoins, we are entering a period where 100 - 200 - 500x can be discussed in some projects.
Everything in the market is going up so hard and fast that the market needs dollars and the troubled situation in Europe has caused the dxy to jump up very seriously.
I don't think Trump will want a strong dollar and this week will be decisive for the dxy. Technical indicators are overinflated. This week, a return to 105 levels should begin.
The possibility of Volkswagen going bankrupt in EUR - USD and Europe not wanting a strong euro has led to excessive selling. The main support and demand zone has been broken down. The figure we will follow here is 1.02, if we come below here, a Europe-based risk may occur. If we return to the band again in 2 - 3 weeks, the nightmare will end and we will continue to move to the band of 1.05 below and 1.10 at the top. In a scenario where the dxy weakens excessively, the possibility of this level rising to 1.20 should not be underestimated.
We have technically reached the SOS zone in GBP - USD. If we can't hold on above 1.24, 1.20's may come to the agenda quickly. If we can stay above 1.24 for 1-2 weeks, we can say that the downtrend is over.
In USD - JPY, both the US 10-year, DXY, and the Japanese failure (or being condemned to failure) in economic activities brought it back to the dangerous area of 156. I think there will be action this week. Above 156 is a definite stop.
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