SOME VIEWS ON MARKETS IN 2025 – Part 2
We continue with our short and succinct outlooks below…
S&P500 – We are not seeing the kind of level rejections that we would want to see on down-legs, indicating weakness for the time being. Overall outlook stays bearish based on momentum loss during the first 2 weeks of December 2024 and lack of signs to the contrary.
Dow30 – The index gave a strong bearish signal on 6 December 2024 and has not recovered since then. We see further weakness going into January 2025.
Euro/USD- The pair has broken through a critical level at 1.05. However, on the smaller timeframes found strong buying at 1.025. The outlook continues to be bearish and bearish wave structures are still continuing as we enter 2025.
USD Index- Continues as a mirror image of the above. The rally has run for more than a quarter now and needs to be watched closely for any weaknesses, which are not there currently.
2 Year T-Notes- The notes gave a bearish signal during mid December 2024 indicating higher interest rates going forward. This is a factor that is holding the equity indices down as we move into 2025.
SVP of Global Quality & Regulatory Compliance at Foxx Life Sciences
2 个月A good market analysis!