S&P500 Finalizing the year on a clear note!Hi dear investors, let's take a look as to how the S&P500 should close up the fantastic year of 2024 after a lovely Christmas Rally , the S&P500 is currently up 31.10% and we are showcasing how the price continues to be bullish, currently it has formulated a positive ascending channel which I am monitoring for the strong resistance line and then finish at a top level of 6160.
Entry at : 6,080
Target : 6,160
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Sp500index
The Silent Cost of FOMO Trades: What Your Anxiety Is SayingLast Thursday, I watched my 8-year-old nephew at a birthday party, desperately trying to play with every toy, eat every snack, and join every game simultaneously. He ended up in tears, overwhelmed and exhausted, having fully enjoyed none of them. Looking at my trading journal that evening, I had to laugh - I'd done exactly the same thing in the markets that day.
The FOMO Frenzy
You know that feeling - EUR/USD is climbing, GBP/JPY is breaking out, and USD/CAD is testing support. Your heart races. Your palms sweat. Suddenly you've got positions in all three pairs, and your mind is spinning like a circus juggler with too many balls in the air.
What Your Anxiety Is Really Saying
That knot in your stomach? It's not just stress - it's your internal risk manager throwing up red flags. Think of anxiety like your car's check engine light. Most people try to ignore it or put tape over it. But what if that warning light is actually your most valuable trading tool?
The Real Cost (It's Not Just Money)
Last month, I lost 4% of my account in a single day chasing trades. But the real cost wasn't the money - it was:
Three sleepless nights
Snapping at my wife over breakfast
Missing my kid's soccer game because I was glued to charts
Taking twice as long to recover my confidence
The Birthday Party Strategy
Now I treat my trading like I wish my nephew had handled that birthday party. Pick one game. Enjoy it fully. Then, if it makes sense, move to the next one. In trading terms:
One trade at a time
Full focus on that setup
Clear exit plan
]No peeking at other pairs until this trade is managed
Your Brain on FOMO
Here's what happens when FOMO kicks in - your brain floods with dopamine, the same chemical that makes my nephew grab three cupcakes at once. Your prefrontal cortex (the rational part) gets overwhelmed by your limbic system (the emotional part). Suddenly you're trading like a sugar-rushed 8-year-old.
The Solution: Your Personal FOMO Filter
I've taped a note to my monitor that asks:
"If this were the only trade you could take this month, would you take it?"
It's amazing how quickly FOMO evaporates when you frame it that way. I went from taking 15-20 trades per week to 2-5, and my profit has doubled.
Your Next Step
FIf you find yourself battling FOMO, try this: Each time you feel the urge to place a trade, wait 5 minutes. Just 5 minutes. Write down what you're feeling. You'll be amazed at how many FOMO trades never make it past this 5-minute filter.
Remember, the market is like an endless birthday party - it'll be there tomorrow, next week, and next year. You don't have to play every game or eat every cupcake today.
Cheers to your success,
Gio
SP500 / Key Levels to Watch Amid Jobs DataS&P 500 Technical Analysis
The price dropped from its ATH located at 6099, and still running to get 6058, then should break that by closing 4h or 1h candle below it, to be a more bearish trend toward 6022 and 5972.
The bullish scenario will be solid if can break 6100.
Key Levels:
Pivot Point: 6076
Resistance Levels: 6100, 6143, 6185
Support Levels: 6058, 6022, 5971
Ho-Ho-Hold or Sell? The Magnificent Seven Christmas PUMP!!!!Incredible strength in the tech sector as price keeps making higher highs despite the huge rally we’ve already witnessed this year.
NASDAQ:MAGS Today’s daily close will confirm a new bullish time at mode trend on the 3 day chart.
Targets: $56 and $61
Expiry by December 27th
The trend expiry date has confluence with the end of the year low volume so this should be a risk on call with exits pre Xmas!
Technical Analysis for S&P 500 IndexChart Structure:
Upward Trend Channel:
The S&P 500 Index is currently trading within an upward trend channel, indicating a strong bullish trend.
Price is trading above the Ichimoku cloud, further supporting the potential for continued upward movement.
Fibonacci Extension Levels:
The key Fibonacci extension levels are plotted to help identify potential targets for future price action:
1.618 at 6,062.3 (Immediate target)
2.272 at 6,091.9
2.618 at 6,107.7
Indicators Used:
Ichimoku:
The price is above the cloud, which suggests a strong bullish bias.
The cloud is supporting the price action, reinforcing the expectation of continued upward momentum.
Alligator:
The Alligator lines are aligned in a bullish configuration, indicating a continuation of the upward trend with increasing volatility.
Price Action Forecast:
The immediate resistance is near the 1.618 Fibonacci extension level at 6,062.3. If the price continues to break through this level, it could reach the 2.272 level at 6,091.9, followed by the 2.618 level at 6,107.7.
The trend remains bullish, but if the price starts to drop below 6,062.3, it could signal a pullback toward the lower support levels.
Conclusion:
Bullish Scenario: The upward trend is likely to continue, with potential targets at 6,062.3, 6,091.9, and 6,107.7.
Bearish Scenario: A drop below 6,062.3 could signal a potential reversal or consolidation phase.
This analysis is based on technical indicators and should be supplemented with fundamental analysis for a more comprehensive view.
S&P 500 Analysis: Bullish Momentum and Key Levels S&P 500 Technical Analysis
The S&P 500 reached another All-Time High (ATH) in December, signaling a continuation of its bullish trend and the potential for further historical gains.
Currently, the price is consolidating within the range of 6068 and 6022, awaiting a breakout. Overall, the bullish trend remains strong, with the next key target at 6143. However, a break below 6022 could signal a correction, with the price potentially dropping toward 5971.
Key Levels:
Pivot Point: 6068
Resistance Levels: 6100, 6143, 6185
Support Levels: 6022, 5971, 5932
Trend Outlook
The overall trend remains bullish, supported by strong momentum and the recent achievement of new highs.
Are we waiting for #FOMO in #SPX to spark Fomo in #BITCOINSeems, clear to me the obvious answer is YES!
So let's cheer on #STONKS cracking 5,000 on the #S&P
As we would likely see risk be fully turned on, and cash to flow into the #Crypto space.
FWIW
I think the #Economy stinks
but that doesn't necessarily mean assets can't go up in number.
There are plenty of examples where this is the case.
Argentina. Turkey and so on.
#BLOWOFFTOP scenario is still in play.
Riding Wave 5: Is $700 Just Around the Corner?Hey Realistic Traders, Will META Bullish Bias Continue ? Let’s Dive In....
In the Daily timeframe, META rebounded above the 38.2% Fibonacci level, marking the completion of wave 4. Within this wave, a Descending broadening wedge pattern was formed. Recently the price has broken out of the pattern. This breakout was further confirmed by a bullish MACD crossover, signaling increasing momentum and strengthening the case for a continued upward move.
Based on these technical signals, I foresee a potential upward movement toward the first target at $638. After reaching this level, a minor pullback is likely before the rally continues toward a new high at $700.
This outlook remains valid as long as the price holds above the stop-loss level at 550.00.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on META.
US Equity Secular Bull Cycle, $SPX 24' Price Target, 2025 BeyondUS EQUITY
S&P 500 INDEX
BOHAN
The S&P 500 Index SP:SPX monthly chart: Over the past 30 years, the US stock market has weathered the personal computer cycle, the dot-com bubble, the social media cycle, and the subprime mortgage crisis. The most recent epic crash was the 2020 pandemic. Since then, the US stock market has continued its secular bull cycle, fueled by quantitative easing (QE) that began in 2008. We saw a bull market from 2020-2021 driven by QE, a bear market in 2022 due to interest rate hikes, and now, in 2023-2024, we are entering the Web 3.0 and AI era. So, where is the next epic crash? And will there be another bull cycle after that?
1.) No one can accurately predict the market. The first step to improving your COGNITION is to grasp the rules of the human system. The essence of society is that the rich exploit the poor, and the essence of the stock market is that institutions exploit retail investors. Only market makers, institutions, and family offices know what's going on because they set the game, and we're just playing it. As retail investors, the best we can do is improve our cognition, conduct in-depth research on the US stock market, and arrive at high-probability answers.
2.) Understanding dollar dominance is key to understanding society. The US established a new world order, shifting societal control from religion to currency. Wars are fought to defend the dollar's status. After the gold standard was abolished, the US dollar became the world's reserve currency, effectively ruling the world.
The long bull and short bear cycles in the US stock market rarely stem from fundamentals like earnings per share (EPS). They are mostly driven by the Federal Reserve's unlimited quantitative easing (QE) Cycles - printing money, issuing bonds, having debtor nations foot the bill, and injecting liquidity into the stock market.
Therefore, the US equity market is essentially a liquidity platform. Unless there's a World War III, US assets are the only ones suitable for long-term investment due to currency dominance. Invest long-term, dollar-cost average, and if there's an epic crash, keep buying the dip.
3.) S&P 500 (SPX) target price for the end of 2024: 6200+
Macros: The Fed's broad money supply (M2) is still growing, and QE continues.
Fundamentals: Strong corporate earnings growth, fueled by the AI era.
Technical: A 4-year weekly uptrend channel since 2020, plus institutional positioning JPMorgan's JPM Collar Positions: STO SPX 6055 C DEC 21 @$50.00 + x 39600) indicates significant buying pressure.
4.) Expecting a pullback in 2025, but the secular bull market will persist.
Macros: Short-term cyclical factors like tariffs might have an impact, but the long-term trend remains intact due to continued QE.
Fundamentals: Big tech valuations might become more reasonable, especially Nvidia. However, long-term EPS for Nvidia could reach $4.00, and overall corporate earnings growth remains strong.
Technical: The 4-year weekly uptrend channel might encounter resistance, and the JPM Collar positions could see a shift from buying to selling. However, significant open interest in SPX options with high gamma at 6300, 6500, and 7000 suggests institutional bullishness for mid-2025.
Even with a 15% to 20% correction, we should continue to buy the dip, as the secular bull cycle is expected to persist.
5.) The secular bull cycle is projected to last from 2008 to 2030. An epic crash might occur at the end of this cycle, followed by another major bull market. The potential cause of the crash would be the end of QE and a resulting liquidity crisis. This is speculation, of course, but the principle of dollar dominance suggests that as long as US hegemony remains, any crash presents a buying opportunity.
*The above analysis is for informational purposes only and does not constitute investment advice.*
U.S. Aggregate T-Bond Market. Fears & Greed Awakening. Series IIIt's gone 3 weeks or so, since Mr. Trump has secured a win over his Democrat-rival Kamala Harris in the 2024 U.S. presidential election, as it declared by the Associated Press.
Since that, a lot of stocks soared in a meme-style mode, while Bitcoin almost cleared $100,000 and Dogecoin soared amid Trump-fueled crypto rally.
However macro data still stoke fears over a possible recession and the notion that the Federal Reserve could be too slow with cutting interest rates. Non-farm payroll added just 12K new places last month. And the ISM manufacturing index, a barometer of factory activity in the U.S., came in at 46.5%, worse than expected and a signal of economic contraction.
Fresh ISM release is scheduled on Dec 02, 2024 (47.5 points forecasted), and labor market data is on the radars on Friday, Dec 06 (+183K non-farm payroll forecasted).
The main technical graph is for U.S. Core Aggregate T-Bond Market ETF (AGG), in total return format, and it indicates on Reversed Head-and-Shoulders technical structure in development, as it's been discussed in earlier published ideas.
Moreover, huge 200-Week SMA breakthrough is on the investments radars also.
What does it mean for Bond Market?.. Potentially "Good", to jump to all-time high.
... and for Stock Market?.. Potentially "Also Good", until it reach the fever pitch.
ES - Where to Join into the TrainThese two blue boxes are also very suitable for working with receivers.
Instead of getting lost in the low time interval, transactions can be taken by looking at the reactions when the price reaches these levels.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Gold Spot intraday setup. The Pushmi - Pullyu animalRemember Dr. Dolittle? He was a vet who could talk to animals. One of the rarest was the “pushmi-pullyu,” a llama with two heads (one head was where the ass ought to be).
The pushmi-pullyu was a gentle creature that did not like to be stared at. And yet the other animals in Africa convinced him to go with the good Dr., and be put on display in Europe, because Dr. Dolittle was a kind soul who needed money to look after all the animals in his “care”.
It's gone a bit since Gold explosion last week, due to Biden's gaffe to authorize the yellow/blues regime use US-made missiles inside Russia's legal area, while the rods of Russia's retribution hanged like the sword of Damocles over all of Europe, on the basis of reciprocity.
Last week Gold spot added +153 US Dollars just in 5 Days. That was the best in history ever 1-week return, since January, 1980. Additionally, in percentage points Gold spot added +5.97 percent in a week. It was the 3rd best 1-week return over past decade.
Gold spot in Euro OANDA:XAUEUR at the same time continues its gain 11th straight month in a row.
The main intraday graph is for Gold spot OANDA:XAUUSD , and it indicates that Gold has retraced a bit to its key $2670 level (that was discussed in earlier published ideas), and ready to take Adv. again, since Trump-a-rally rolled out into the all-the-world fart.
Beautiful $SPX price action, ascending triangleLONG TERM TREND: Neutral/Bearish
TIMEFRAME: Intraday
What a textbook ascending triangle pattern we're witnessing on SP:SPX today! 👀
Price action has been absolutely pristine, giving us multiple touches on both the ascending support trendline and the horizontal resistance. Each bounce off support has been getting progressively higher, while sellers continue defending that key overhead level - classic ascending triangle behavior.
The swings within this pattern have been a trader's dream - offering clean entries and exits for those playing the range. We've seen buyers step in with conviction at each test of the rising support, leading to predictable bounces.
However, there's a concerning development here... While ascending triangles are typically considered bullish continuation patterns, the momentum on each bounce is getting noticeably weaker. Volume has been declining throughout the pattern formation (a bearish divergence), and the last two tests of resistance showed significant rejection wicks.
If this declining momentum continues, watch for a break below the ascending support line. Such a break would likely trigger a cascade of stops and could lead to an accelerated move lower. Key levels to watch would be 5950, 5940 and ultimately 5925.
Remember to always manage risk and size positions appropriately. No pattern is guaranteed to play out as expected.
What are your thoughts on this setup?
#SPX #TechnicalAnalysis #ChartPatterns
Bubble everything - 2024-NOV-13Taking into account "bubble everything" theory and ~18-years cycle on financial markets + on top of that ~4-years cycle in crypto markets ... we have roughly 6-7 ATH on everything.
Then bubble will start bursting.
Housing markets will need 4-7 years to visit new bottoms.
Stocks & crypto will need ~1 year to catch new bottoms.
What's going to be the trigger to bubble everything burst?
Value stocks shine bright, amid Growth stocks depressionValue investing is an investment strategy that involves picking stocks that appear to be trading for less than their intrinsic or book value. Value investors actively ferret out stocks they think the stock market is underestimating. They believe the market overreacts to good and bad news, resulting in stock price movements that do not correspond to a company's long-term fundamentals. The overreaction offers an opportunity to profit by purchasing stocks at discounted prices.
Warren Buffett is probably the best-known value investor today, but there are many others, including Benjamin Graham (Buffett's professor and mentor), David Dodd, Charlie Munger (Buffet's business partner), Christopher Browne (another Graham student), and billionaire hedge-fund manager, Seth Klarman.
The main represented technical graph is for SPDR S&P 500 Value ETF (SPYV) that invests in the committee-selected S&P 500 with focus on value stocks. The Index selects stocks from the S&P 500 that exhibit these fundamental value characteristics: (i) book value to price ratio, (ii) earnings to price ratio, and (iii) sales to price ratio. To be included in the index common stocks and REITs must meet certain liquidity criteria and must have a positive as-reported earnings over the most recent four consecutive quarters (measured using the sum of earnings over those quarters) and for the most recent quarter.
Top 10 AMEX:SPYV components, incl. weight.
1) Berkshire Hathaway Inc. Class B NYSE:BRK.B 3.97%
2) JPMorgan Chase & Co. NYSE:JPM 2.88%
3) Exxon Mobil Corporation NYSE:XOM 2.43%
4) Johnson & Johnson NYSE:JNJ 1.93%
5) Walmart Inc. NYSE:WMT 1.65%
6) UnitedHealth Group Incorporated NYSE:UNH 1.63%
7) Bank of America Corp NYSE:BAC 1.28%
8) Procter & Gamble Company NYSE:PG 1.21%
9) Chevron Corporation NYSE:CVX 1.16%
10) Costco Wholesale Corporation NASDAQ:COST 1.14%
The basic concept behind everyday value investing is straightforward: If you know the true value of something, you can save a lot of money when you buy it. Most folks would agree that whether you buy a new TV on sale, or at full price, you’re getting the same TV with the same screen size and picture quality.
Stock prices work in a similar manner, meaning a company’s share price can change even when the company’s valuation has remained the same. This means, strictly speaking, there is no such thing as a true, or intrinsic, value of the stock of a given company. But there are relative values.
Value investing developed from a concept by Columbia Business School professors Benjamin Graham and David Dodd in 1934 and was popularized in Graham's 1949 book, "The Intelligent Investor."
Just like savvy shoppers would argue that it makes no sense to pay full price for a TV since TVs go on sale several times a year, savvy value investors believe stocks work the same way. Of course, unlike TVs, stocks won't go on sale at predictable times of the year such as Black Friday, and their sale prices won’t be advertised.
Value investing is the process of doing detective work to find these secret sales on stocks and buying them at a discount compared to how the market values them. In return for buying and holding these value stocks for the long term, investors can be rewarded handsomely.
Intrinsic Value and Value Investing
In the stock market, the equivalent of a stock being cheap or discounted is when its shares are undervalued. Value investors hope to profit from shares they perceive to be deeply discounted.
Investors use various metrics to attempt to find the valuation or intrinsic value of a stock. Intrinsic value is a combination of using financial analysis, such as studying a company's financial performance, revenue, earnings, cash flow, profit, and fundamental factors. It includes the company's brand, business model, target market, and competitive advantage.
Some metrics used to value a company's stock include:
Price-to-book ( P/B ), which measures the value of a company's assets and compares them to the stock price. If the price is lower than the value of the assets, the stock is undervalued, assuming the company is not in financial hardship.
Price-to-earnings ( P/E ), which shows the company's track record for earnings to determine if the stock price is not reflecting all of the earnings or is undervalued.
Free cash flow , which is the cash generated from a company's revenue or operations after the costs of expenditures have been subtracted.
Free cash flow is the cash remaining after expenses have been paid, including operating expenses and large purchases called capital expenditures, which is the purchase of assets like equipment or upgrading a manufacturing plant. If a company is generating free cash flow, it'll have money left over to invest in the future of the business, pay off debt, pay dividends or rewards to shareholders, and issue share buybacks.
Of course, there are many other metrics used in the analysis, including analyzing debt, equity, sales, and revenue growth. After reviewing these metrics, the value investor can decide to purchase shares if the comparative value—the stock's current price vis-a-vis its company's intrinsic worth—is attractive enough.
Fundamental thoughts
Were you ready or not, but still US interest rate is at the highest degree over the past decades (basically due geopolitics tensions), while high borrowing cost is inappropriate to internal US macroeconomic conditions (weakening labor market, weakening housing sales etc).
This is why growth stock will not pump forever, meaning that no one is at the top over so-called "Mag Seven" hyped stories.
At the same time, the main technical graph is for SPDR S&P 500 Value ETF (SPYV) indicates on Reversed Head-and-Shoulders technical structure in development, as further gain I am sure has to come.
Gold takes Adv. since Trump-a-rally pans out to Bulls fartIt's gone 2 weeks or so, since Mr. Trump has secured a win over his Democrat-rival Kamala Harris in the 2024 U.S. presidential election, as it declared by the Associated Press.
Since that, a lot of stocks soared in a meme-style mode, while Bitcoin clears $93,000 and Dogecoin soared amid Trump-fueled crypto rally.
Among nearly 2000 components of Smallcap Russell 2000 Index TVC:RUT , appr. 90 percent of them (without any fundamental reasons) were up on November 6 - at the day Trump clinched White House victory.
For S&P 500 SP:SPX and Nasdaq-100 NASDAQ:NDX indices these numbers were 70 and 75 percent respectively.
Since US dollar interest rates are still near multi year highs and Powell still says the Fed is in no hurry to cut interest rates.. all of that means Trump-a-rally gives no light for super-duper bets, as it's been discussed in earlier posted ideas.
Moreover, Geopolitics is roaring back, as current U.S. President Joe Biden tries to authorize the yellow-blues to use powerful long-range American-made weapons inside Russia's legal areas, potentially inside Kursk region where located The Kursk Nuclear Power Plant, that is one of the three biggest nuclear power plants (NPPs) in Russia and one of the four biggest electricity producers in the country.
The main graph is for Gold spot OANDA:XAUUSD , and it indicates on Cup with Handle technical structure in development as Gold takes Adv. since Trump-a-rally pans out to Bulls fart.
Bearish reversal?S&P500 is rising towards the pivot and could reverse to the pullback support.
Pivot: 5,961.93
1st Support: 5,902.96
1st Resistance: 6,027.61
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Weekly Forex Forecast Nov. 18 - 22: SP500, NAS, DOW, GOLDThis is the Weekly Forex Forecast for Nov 18 -22nd.
The Big 3 Indexes started to pullback last week from there elections fueled rallies. Patience is required, as we look for confirmations of a market shift from bullish to bearish.
Gold also retraced last week, and may may struggle against a surging USD. Patience here will benefit traders, as we wait until the market tips its hand.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURJPY | MarketoutlookThe policy divergence between the US Fed and SNB supports the pair at lower levels.
Jobless claims dropped to 227,000 for the week ending October 19, down from 242,000 the week before, suggesting some stability in the labor market. The four-week moving average rose by 6,750, reaching 231,000, which indicates that jobless claims are still showing fluctuations despite the recent decline.
The S&P Global Flash U.S. Manufacturing PMI increased slightly to 47.8 in October, up from 47.3 in September. However, this still shows that manufacturing activity is contracting for the fourth month in a row. On the other hand, the Flash Services PMI rose to 51.5, indicating modest growth in the services sector, which is important since it makes up a large part of the U.S. economy.
CARS.COM LIKELY TO PERFORM WELL IN TECH SECTORIn the Software industry under Technology sector, CARS.COM technically, the stock has been
gathering bullish momentum, a pullback to its demand zone is what is left.
N.B!
- CARS price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#CARS
#NYSE
#NASDAQ
#SP500
DESPITE Q3 LOSS, AST SPACEMOBILE REMAINS A BUYThe level between 19.30 - 23 looks strong for ASTS, holding price since late September; and with Q3 loss declared by the company, the price still got rejected at this level. There is high possibility that buyers are accumulating at this mentioned level. Will ASTS witness upward movement in coming weeks. A price close below 17 is not favourable!
N.B!
- ASTS price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#ASTS
#NASDAQ
#SP500
S&P 500: Bearish Momentum Below 5927 S&P 500
Technical Analysis
The price dropped perfectly as we mentioned in the previous idea
so now still has a bearish volume to get 5891 and 5863 as long as it trades below 5927
otherwise, it should close 4h candle above 5928 to be bullish till 5952 and 5972
Key Levels:
Pivot Point: 5927
Resistance Levels: 5952, 5972, 5989
Support Levels: 5891, 5863, 5833
Trend Outlook:
- Bearish Trend while below 5927
- Bullish trend if break 5939
previous idea