S / R Levels - Dec 9 - 13
New securities: SMH, GLD, and SLV. PLTR also added in the Weekly Compass.
The market extravaganza continues, the week closed in the green for SPX and NDX, but that was not the case for the Dow Jones and Russell2000. Tech propelled the green week returning as a hero again and SPX neared an annual resistance anticipated months ago, these levels are key more than ever for risk management.
Good news for subscribers, the S/R levels and the Weekly Compass are including the semiconductors sector, SLV and GLD are included and there are more upgrades to come in 2025.
PLTR is being included in the Weekly Compass, considering its relevance for many investors.
PLTR and SMH have been included in the free Monday’s publication considering the kind suggestions of many subscribers, today they will be part of the regular premium offer, so you don’t have to wait if they’re included or not in the edition for everyone published on Mondays.
The prospects of a rate cut based on the November’s jobs report injected optimism on Friday, tech rallied +0.92%, Small Caps (IWM) closed positive +0.32% with a red candle, indicating that the initial bounce vanished during the day.
Two essential notes before the levels:
Read the latest macro economic publication with 15 charts including macro indicators, many of them are suggesting caution. This is zero interpretation, these are pure historical moves analyzed.
In case that $6100 acts as a zone of turbulence next week, get access to the key levels to watch, good things are below the paywall, and secure your subscription price before 2025:
WEEKLY LEVELS