SPX500USD GANN VIEW FOR DECEMBER 2024... DEC 01, 2024

1 дек.

After hitting the important level of 6016.90 (Actual High was 6018.70 ) on Nov 08, 2024..... we squared Price and Time. Gann students know that very clearly. Nov 11, 2024 High of 6031.4 did not hold for long and very dropped below 6016.90 and closed at 6010.20. Earlier update we had observed momentum level was 5910.70 which was briefly breached on daily basis for 3 days Nov 15/ Nov 18/ Nov 19 but we closed higher that level thereafter. So the bounce back expected was to hit 6016.90 and higher if momentum continued after earlier high. We hit the earlier high on Nov 26, 2024. Current ATH is 6049.0 and we have closed above the 6016.90. Staying above this level could take us to 6087.70 and 6123.30 a cluster zone. We are slightly behind Time but if Christmas Rally continues we may surpass it. Major Level to watch ahead for Dec 2024 is 6229.4 if the trend continues. Next Gann Date is Dec 21, 2024 and Level of 6130 is to be watched. Merry Christmas to all.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.