The Week Ahead

... key charts and levels

“Discipline is the bridge between goals and accomplishment.” - Jim Rohn

Pre-holiday low liquidity chop continues as we wait for the last Central Bank meetings of the year. As discussed in our latest post, conditions will likely remain sub-optimal as traders slowly proceed to lock-in 2024.

Base-case assumption remains that we will likely need to shake out a lot of weak hands / early 2025 swing attempts before we start seeing some good two-sided action again; most probably, post-Trump taking office and maybe even post Q1.

Here are some of the main control charts we will focus on and discuss this week:

Invesco S&P 500 Equal Weight ETF

Invesco DB Commodity Index Tracking Fund

Tesla, Inc.

Gold Futures

iShares 20+ Year Treasury Bond ETF

NVIDIA Corporation

U.S. Dollar Index

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Wishing you a great week ahead.

Disclaimer

This Substack is not an alert or trade signal service and does not offer investment advice. You and only you are responsible for the trades or investment decisions you make. Authors are not registered investment or commodity advisors, brokers or dealers. Please do your own research.