Ethereum Ends Five-Day Winning Streak on Daily Chart! What’s the Outlook for Year-End Performance?
I. Major Indices: (1) $SPDR S&P 500 ETF (SPY.US)$ Broke down below the rising wedge, stabilized at the key support level of 680; (2) $Invesco QQQ Trust (QQQ.US)$ Support level shows strong buying interest, intense battle between bulls and bears; (3) $State Street® SPDR® Dow Jones Industrial Average® ETF Trust (DIA.US)$ Continues to trade within the rising channel; (4) $iShares Russell 2000 ETF (IWM.US)$ The trend is strong, with short-term pullback likely needed.
II. Popular Stocks: (1) $NVIDIA (NVDA.US)$ Continued to oscillate, underperforming both the broader market and sector indices; (2) $Alphabet-C (GOOG.US)$ Broke down below the uptrend channel, may start consolidating; (3) $Tesla (TSLA.US)$ Moving sideways, high likelihood of accumulation; (4) $Apple (AAPL.US)$ Signs of stabilization are emerging at key support; (5) $Microsoft (MSFT.US)$ Rebounded at the 450 key support, awaiting a second test; (6) $Amazon (AMZN.US)$ After the breakout, retesting the trendline before continuing to rise; (7) $Meta Platforms (META.US)$ Dropping towards the previous low support, with signs of stabilization during the second test; (8) $Taiwan Semiconductor (TSM.US)$ A valid breakout, entering a strong upward trend; (9) $Micron Technology (MU.US)$ Waiting for a pullback to present a buying opportunity; (10) $Broadcom (AVGO.US)$ A high probability of a downside fakeout, presenting short-term trading opportunities.
III. Major asset classes: (1) $XAU/USD (XAUUSD.CFD)$ Continuing a strong upward trend after shaking out weak holders; (2) $USD (USDindex.FX)$ Following a sharp decline, panic selling emerged; (3) Cryptocurrencies continue to consolidate, with accumulation likely. Ethereum may present a buying opportunity in the near term.
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Russell 2000 Index (.RUT.US)$ $Roundhill Magnificent Seven ETF (MAGS.US)$ $USD (USDindex.FX)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Bitcoin (BTC.CC)$ $BTC/USD (BTCUSD.CC)$ $Ethereum (ETH.CC)$ $ETH/USD (ETHUSD.CC)$ $iShares Ethereum Trust ETF (ETHA.US)$
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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