Last night, the Supreme Court's ruling on Trump's tariffs' legality was delayed. After the market's reassurance, it experienced a day of sideways movement before starting to rally, reaching nearly 98,000.
After breaking through the resistance at 94,000-96,000, the first key resistance level is around the trend line at 100,000, and the next resistance is the target zone of 105,000± analyzed with weekly charts on December 17th, which is also the daily chart level of the bullish/bearish divide. Today's strategy remains to buy on dips during pullbacks. The points I provided yesterday were over a hundred points off; I didn't get in, but surely some people entered near those levels. Most traders are impulsive. Let's see how today unfolds and then develop new strategies.
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Last night, the Supreme Court's ruling on Trump's tariffs' legality was delayed. After the market's reassurance, it experienced a day of sideways movement before starting to rally, reaching nearly 98,000.
After breaking through the resistance at 94,000-96,000, the first key resistance level is around the trend line at 100,000, and the next resistance is the target zone of 105,000± analyzed with weekly charts on December 17th, which is also the daily chart level of the bullish/bearish divide.
Today's strategy remains to buy on dips during pullbacks. The points I provided yesterday were over a hundred points off; I didn't get in, but surely some people entered near those levels. Most traders are impulsive.
Let's see how today unfolds and then develop new strategies.