Breaking strongly above the 3176.40 point, it climbed above 3241.16 points, leading to an attempt to break through the downtrend line (2).
It remains to be seen if volatility around December 24 could break above the downtrend line (2)-(3).
If you get support at 3294.62, I think it's likely that there will be a move to update the New High.
According to the wRSI_SR indicator, the RS line is in the overbought section, so there is a possibility of a short-term downtrend. So, we have to see if we can get support from 3176.40-3241.16.
If you get over this short-term downtrend well, we're expecting a nice upside.
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(DJI 1D chart) It started with the gap (30154.5-30216.0) rising and closed at 0.49%. It remains to be seen if the index can be maintained above the 29933.8 point.
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(IXIC 1D chart) It started with the gap (12658.2-12730.8) rising and closed at 0.84%. You should see if it rises along the uptrend line (2).
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(SPX 1D chart) It started with the gap (3701.2-3713.7) rising and ended at 0.58%. We have to see if it rises along the rising channel.
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(XAUUSD 1D chart) It is on the rise, breaking above the 1871.820 point. We should watch as it rises above the 1899.330 point and can break above the downtrend line (5)-(6).
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(USOIL 1D chart) If it rises above the 49.17 point and gains support, an attempt to break above the downtrend line (1) is expected. It remains to be seen if it can rise along the short-term uptrend line (3).
** All indicators are lagging indicators. So, it's important to know that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day. G1: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
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