S&P Futures Analysis: December 19 2024
In today’s hourly S&P 500 futures chart (ES 24-hour), key target levels are emerging:
- 5933 at 9 AM ET (primary target)
- 5908 at 1 PM ET (secondary target)
These projections align with potential market reactions to upcoming macroeconomic events.
Bond Market Update: Treasury Yields Break Out
The bond market experienced a significant sell-off, leading to a breakout in the 10-Year Treasury yield. The new target is 4.60%, signaling potential shifts in macro liquidity heading into 2025.
Gold Market Insights: Trends and Projections
Gold has rebounded from a crucial trendline but remains below critical buy signals on key oscillators. Further consolidation and validation are required before confirming upward momentum.
Crypto Highlights: BTC and FARTCOIN Projections
- BTC: Intermediate cycle projections indicate a target of 113,000 USD, reflecting ongoing bullish momentum.
- FARTCOIN: Achieved its hourly projection of $1.05, marking a key milestone in its short-term technical setup.
Additional Resources:
For a deeper dive into market trends and expert insights, explore these reports:
- Gold Market Insights: Key Trends & Projections for December 2024
- Macro Liquidity Report: Key Market Trends & Insights for 2025
- Weekly Market Insights: Is the Market Waiting for the Fed?
- Stock Market Outlook: Extreme Valuations & Liquidity Trends
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