I think that the peaks made in the fear index towards certain levels will not be permanent and that they form a basis for technical corrections and relative buying opportunities. In fact, when you look at it, the Nasdaq chart continues in a very nice channel movement in the big picture. Of course, we need to be careful about which term we trade here. If we trade in the short term, Nasdaq futures may be under pressure below 19600 - 19700 with this DeepSeek story, but there is no serious change. In terms of the channel, Nasdaq's pullback from every 34 and 55-week moving average continues to be an opportunity and an opportunity for me. Pay attention to 18600 - 18370. Probably this DeepSeek pressure will be in the Nasdaq 18600 - 18371 support area, if there is no deterioration as we have heard from the professionals in terms of artificial intelligence that we have read and listened to so far, that is, if DeepSeek does not make new statements and nothing suppresses the market, it seems possible that this DeepSeek will be sold by the market above 18600 but especially 18370, technically.
I read all the pullbacks that can be made towards the 18300 - 17500 area on the Nasdaq weekly chart as an opportunity, without saying DeepSeek etc., the magnificent 7 may shake a little due to Nvidia's balance sheet, etc., and completely with technical analysis only. Therefore, I will follow 18637 - 18371 as a short-term strong support area with the latest news flow on Nasdaq and the upward movement in the volatility index. I underline 18371, I would read a sale that deepens towards 17500 as an even more serious opportunity in technical terms. Therefore, all pullbacks that may occur towards these areas will feed the 20458 - 20800 Nasdaq targets. Now we have drawn the general picture. I had said that I do not expect anything from America in the first 3 months of the year. It will go, come back, go, come back. S&P will zigzag within this band, 6300 above, 5600 below. After the first 3 months in Nasdaq, I will expect this chart to fold the channel upwards. I think that starting from the second half of March and or the first weeks of April, an attempt will begin to pass 20458 - 20800 in the Nasdaq weekly chart. However, the short term is very short. I do not expect a Nasdaq chart that will pass 20400 - 20800.
When we look at the Oracle side, we actually saw a very sharp increase for two weeks. Now, after this sharp rise, there is a pullback correction movement in all of America. In Oracle, 159.5 - 143.5 is a strong support and maybe for those who could not be in the 2-week rise movement and say that Oracle is gone before my eyes and I could not get it, the 159.5 - 143.5 region will be a very strong support region in my opinion. When we look at the chart, we see that all pullbacks in 2023 are balanced and supported in the 34 and 55-week moving average region. All pullbacks towards here, unless there is a very extreme negative fundamental or news-based risk in America, all pullbacks towards 159.5 and 143 in Oracle will be a rasped price region for the short-term targets of 188.20 and 210 and 226. Therefore, I think that pullbacks towards the 34 and 55-week moving average region will offer a new opportunity for those who missed the 2-week breakout in the chart. Summary 159.5 intermediate support, 143.40 Oracle is the short-term strong main support. All pullbacks towards this region will support the short-term 188, medium-term 210 and 226 dollar targets. This year, unless there is an extreme deterioration in America, unless Trump does something extreme and crazy that will upset the markets, this chart will close this year above 200 dollars.
There is a very nice rising channel in Caterpillar. In other words, I can say it is a great example of how to trade, sell above the channel, buy below. With the fire in America, this chart has gained very serious upward momentum. They may want to turn back the two-week candle. A downward pressure may occur in CAT below $ 377 towards $ 350. Investors may want to read this as a risk analysis of the process, a plan B or a support region that will balance the price below. In this sense, the support with the 377 note may be under pressure. In my opinion, $353 can be read as an important support zone in Caterpillar (CAT) stock. If we ask what kind of a footprint it leaves us with in terms of the risk expanding if 353 is broken, we see that the pricing below these moving averages was not very permanent before. We see that these moving averages are working on the bottom and when the 55-week moving average is broken, we can see the risk of throwing a needle to the 89-week moving average from past footprints. Therefore, the risk of $318 under 353 is great here. If you ask what the risk is, it is a place we should put in the left pocket. Summary 377 intermediate support, all pullbacks towards $353 and $317 can be read as a support zone that the index has been technically eroded for the targets of 436 and 460 in CAT stock.
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