Good Evening and I hope you are well.
comment: Bullish af. Could pull back on Monday but I can not see this going below 25600 before we print 26500 or even 27000. 25600 was tested so much last week and Friday was max bullish, I can only assume much more upside.
current market cycle: trading range since November / currently a ascending triangle which will likely break to the upside soon
key levels for next week: 25600 - 27000
bull case: Bulls can be confident. Higher lows and we broke above the contracting triangle. The upside is clear, they want a re-test of the ath 26649 and some more. Any long still has a stop 25568 but better would be 25264. I doubt we get another pullback though.
Invalidation is below 25568
bear case: The chart is clear, higher lows and the pullbacks got increasingly smaller. Bears just have to give up above 26000 because we could go up to 26500 or even 27000. Could the news help them for a bigger pullback? Well, no one knows but I just doubt it. I will watch futures open but even if we get down to 25600, I can not see bears being strong enough for a surprise here. Everything points higher. Given that we are in the Opex week, I can absolutely see this going to 27000 and then down to 25800 before end of the week.
Invalidation is above 26119 but I think as a bear you have to cover above 26000
short term: Very bullish if futures do not open 400 points lower.
medium-long term - Update from 2026-01-10: New ath most likely soon.
comment: Bullish af. Could pull back on Monday but I can not see this going below 25600 before we print 26500 or even 27000. 25600 was tested so much last week and Friday was max bullish, I can only assume much more upside.
current market cycle: trading range since November / currently a ascending triangle which will likely break to the upside soon
key levels for next week: 25600 - 27000
bull case: Bulls can be confident. Higher lows and we broke above the contracting triangle. The upside is clear, they want a re-test of the ath 26649 and some more. Any long still has a stop 25568 but better would be 25264. I doubt we get another pullback though.
Invalidation is below 25568
bear case: The chart is clear, higher lows and the pullbacks got increasingly smaller. Bears just have to give up above 26000 because we could go up to 26500 or even 27000. Could the news help them for a bigger pullback? Well, no one knows but I just doubt it. I will watch futures open but even if we get down to 25600, I can not see bears being strong enough for a surprise here. Everything points higher. Given that we are in the Opex week, I can absolutely see this going to 27000 and then down to 25800 before end of the week.
Invalidation is above 26119 but I think as a bear you have to cover above 26000
short term: Very bullish if futures do not open 400 points lower.
medium-long term - Update from 2026-01-10: New ath most likely soon.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.