Weekly Review | 17 12月 2021

SPX500 Weekly Review

Weekly Review

Wave Analysis:

Last week, the SPX500 rallied to the upperside and is still showing signs of continuing much higher. On this chart, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and may see the price break and close above 4757.3 towards 5000.000 or even higher. On this chart, buying, or holding onto a buy looks more ideal and can safely be recommended.
Trade Recommendations:
We're buyers towards 5000.09
CAC40 Weekly Review
Wave Analysis:
Last week, French Stock's Index rallied to the upperside and is still showing signs of continuing much higher. On this chart right now, we expect nothing but a possible momentum to the upperside. As it is right now, we are looking forward to a possible long term buy position towards the upper trendline and may break above it. This view can only be invalidated in case the price again break below the same trendline.
Trade Recommendations:
We're buyers towards the upper trendline.
Gold Weekly Review
Wave Analysis:
Last week, nothing much happened on the gold markets, Gold markets closed almost around the same place it opened. On this chart, following the bounce from the lower trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and may see the price break and close above the upper trendline, otherwise, if the price end up breaking below the  lower trendline, then we will be looking for a possible rally to the lowerside with an ideal target set around 1680.888 and may breakout much lower.
Trade Recommendations:
We're buyers towards the upper trendline.
 

 

Bob Stan
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