Capital Market weekly Review - 3D Trading Futures for Capital Markets Day Traders with Geva Gazit

Market analysis and trading signals for the week

09/12/2024 – 13/12/2024

* Please note – this week on Wednesday at 14:00 EST TIME the Treasury Budget report will be published. It is recommended to be out of the market when posting economic announcements.

* Please note – this week on Thursday at 14:00 EST TIME the treasury budget report will be published. It is recommended to be out of the market when posting economic announcements.

* Please note – perform futures symbol rollover to September 2020 contracts.

* Pay attention – to the changes in the operating hours of the stock exchanges this coming Monday on the occasion of Memorial Day in the USA.

* Attention – we start trading on December 2024 contracts. Symbol: ESZ24, NQZ24, YMZ24, RTYZ24 etc.

This week, the market continued its moderate upward trend of the previous two weeks and created new record prices. The market closed the week up 45.25 points compared to the previous close at 6096.75 points.

Support lines on a weekly basis:

Support line: 6052.75?
Support line: 5983.75!
Support line: 5856.75! – 5812.75

Resistance lines on a weekly level:

Resistance line: 6108.50*?! (market price) – 6126.50!
Resistance line: 6156.25!
Resistance line: 6201.50!

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The ATR20 shows a movement of 53.40 points, a significant decrease of 14 points from last week’s volatility.

In the decreases the daily fluctuation increases and at highs the daily fluctuation decreases. To remind you, the multi-year average of the contract stands at 22 points.

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This week, the market continued the upward trend of the previous two weeks and created new record prices.

The characteristic of this week is that the trend was consistent from day to day and at the same time, with significantly smaller fluctuations on a daily basis.

As I wrote last week, the expectation is for a moderate increase to continue until mid-January 2025, after Christmas and the New Year celebrations.

The market will try to continue rising this week and move in low fluctuations as long as the trend is up.

If there is a special event or unusual announcement, the market may react to the moment of a sharp decline on a particular day, but correct it the day or two following.

The main direction will be towards the weekly pivot prices.

In the event of a strong decline, the market will test the support at 5983 points in the first stage and the price at 5856 points in the second stage if and when concerns increase and the downward trend strengthens.

The combination of trading on daily support and resistance levels + rapid response in the correlation between the indices and taking advantage of price spreads that open up between the indices is exceptionally successful in generating opportunities for very safe profits.

* Trade in the trend:

Expect opportunities for Long, when there is an overlapping stochastic and DMI confirmation and the market reaches a price level of 5812.75 points up to a price level of 5983.75 points.

Expect opportunities for Short, when there is an overlapping stochastic and DMI confirmation and the market reaches a price level of 6201.50 points up to a price level of 5983.75 points.

Financial management:

Support 1 Long Contract at 6052.75? Pts. when there is overlapping approval stochastic and DMI.

Support 1 Long Contract at 5983.75! Pts. when there is overlapping approval stochastic and DMI.

Support 1 Long Contract at 5856.75! – 5812.75 Pts. when there is overlapping approval stochastic and DMI.

Respectively Resistance 1 contract at 6126.50 points, 1 contract at 6052.75 points, 1 contract at 5983.75 points, at the end of a trend or toward the end of the day.

Resistance 1 Short Contract Price 6108.50*?! Pts. when there is overlapping approval stochastic and DMI.

Resistance 1 Short Contract Price 6156.25? Pts. when there is overlapping approval stochastic and DMI.

Resistance 1 Short Contract Price 6201.50! Pts. when there is overlapping approval stochastic and DMI.

Respectively Support 1 contract at 6000.00 points, 1 contract at 6052.75 points, 1 contract at 6108.50 points at the end of a trend or toward the end of the day.

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* People who read the review were also interested in the GOLD Course.

* Buy and sell prices are based on a weekly forecast in advance. Decisions must be made on a daily basis each day, based on what the market did during the previous five days and the last day.

** Receiving a password for the demo software will be done by contacting Geva Gazit personally and with the approval of TransAct support.

*** Futures trading involves risk and is not suitable for everyone. The signals and reviews on this site are personal opinions and should not be considered as an automatic recommendation to perform any trade on the basis thereof. Responsibility for performance of trading positions is only by the trader.

Successfully,

Geva Gazit – CEO Geva International Trading
An active trader in futures contracts, a mentor, a coach and an amazing lecturer