U.S. Stocks' foreseeable goals
The most important index for the reflection of the American Stocks market is the 
SPX, so let's start with it. Unfortunately, now the chart of this index is not rich in models, so the current logic of movements in our opinion is described by the EXP model from July 30 on the daily timeframe👇
As long as the price is below the 4-point level (5 390.95), the target levels are 100% (5 125.93) and 200% (4 873.94). In case the price returns above the level of 4 point and goes beyond the trend line, there will be a second attempt to reach the target resistance level of 5 582.31 - the formally reached target of the impulse of August 1. It is necessary to mention that this pattern, despite being on the daily timeframe - is weak.
In addition, let's look at a chart of the
NDX - this index includes the 100 largest non-financial companies traded on the Nasdaq exchange, primarily technology stocks.
Consideration of this index is additionally interesting because most institutional managers consider
BTCUSDT to be in the technology sector, so NDX and BTCUSDT is often correlated.
First, let's look at the AMEXP model that formed in mid-March 2023 on the weekly timeframe and described the entire uptrend within the 2023-2024 period on this index👇
In this model we are primarily interested in the level of HP (18 289.68), currently acting as an extreme support on the weekly timeframe, and if the price can consolidate under this level, the next support will be the level of 100% (15 891.73).
More locally, on the daily timeframe, the current movement is described by the EXP model from July 24, where the price has already reached the first target level of 100% (18 355.48)👇
It is very interesting that now onNDX the price has settled in the zone of 18 355.45-18 289.68 formed by 100% and HP levels and if we don't see a rebound soon and the price tries to consolidate under this zone, the next target level will be 17 296.42.
By the way, we do not exclude that the movement towards 17,296.42 will be accompanied by an attempt ofBTC1! to close the CME GEP at the level of $57,805👇
SPX, so let's start with it. Unfortunately, now the chart of this index is not rich in models, so the current logic of movements in our opinion is described by the EXP model from July 30 on the daily timeframe👇As long as the price is below the 4-point level (5 390.95), the target levels are 100% (5 125.93) and 200% (4 873.94). In case the price returns above the level of 4 point and goes beyond the trend line, there will be a second attempt to reach the target resistance level of 5 582.31 - the formally reached target of the impulse of August 1. It is necessary to mention that this pattern, despite being on the daily timeframe - is weak.
In addition, let's look at a chart of the
NDX - this index includes the 100 largest non-financial companies traded on the Nasdaq exchange, primarily technology stocks. Consideration of this index is additionally interesting because most institutional managers consider
BTCUSDT to be in the technology sector, so NDX and BTCUSDT is often correlated.First, let's look at the AMEXP model that formed in mid-March 2023 on the weekly timeframe and described the entire uptrend within the 2023-2024 period on this index👇
In this model we are primarily interested in the level of HP (18 289.68), currently acting as an extreme support on the weekly timeframe, and if the price can consolidate under this level, the next support will be the level of 100% (15 891.73).
More locally, on the daily timeframe, the current movement is described by the EXP model from July 24, where the price has already reached the first target level of 100% (18 355.48)👇
It is very interesting that now on
NDX the price has settled in the zone of 18 355.45-18 289.68 formed by 100% and HP levels and if we don't see a rebound soon and the price tries to consolidate under this zone, the next target level will be 17 296.42.By the way, we do not exclude that the movement towards 17,296.42 will be accompanied by an attempt of
BTC1! to close the CME GEP at the level of $57,805👇
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