US stock market post-election forecasts using 2024-2025 signals By Francesco Massetti Posted on 21 November 2024 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr S&P 500 Monthly Index 17.01.24 Usa stock market forecasts trend 2025 US stock market forecasts S&P500 Index short and long term trend through trading signals derived from the WD Gann technique. S&P 500 Index chart with technical picture last 3 years sp500 weekly US stock market forecasts S&P500 today In the weeks between 19 July and 09 August, the US market suffered a strong negative retracement, which ended at the octave static support at 5,119 points. Following the weekly set-up on 12 August 2024, the S&P500 Index reversed the short-term trend from negative to positive, generating new momentum that continues to this day. During the last stock market signal of the week of 08 November 2024, the price dynamics generated strong bullish action that took the Standard and Poor 500 to new highs at 6,012 points. The short-term trend remains positive with first targets in the area of 6,100; 6,180 points. Only a return below 5,665 will indicate a return to negative laterality: first supports in the 5,820; 5,760 area. Medium-term S&P500 Index trend sp500 monthly During the month of August 2024, we witnessed an initial attempt to reverse the bullish trend. In fact, quotations reached an initial low at 5,519, to gradually recover later and close in the positive at 5,648 points. Both the September Set Up, Expiry of the Range Square, and the October Set Up re-established the medium-term upward dynamic. Next signal will expire in January 2025. Targets remain area 6,100, 6,290 points. Only the reaching of 5,640 will indicate a negative trend reversal. Technical analysis American Stock Exchange quarterly S&P500 quarterly The price dynamics of the S&P500 Index has been evolving for about a decade within an ascending channel consisting of 1X1 angles, plotted in red in the picture above. The next Set Up quarterly will coincide with Q1 2025. Next targets area 6,100-6,295 points. Only a return below 5,080 will mark the end of the positive self-correlation of long-term returns. The article on the US stock market was illustrated using the WD Gann technique and the Top Trader(c) stock market charting software.
