When I look at the price action of current market, it is showing similar behaviour of 2017. Grinding UP. Look at the chart below. If that is the case, you will see frequent liquidation break like today.
Until yesterday, SPX was deviating from 20 SMA around 2 % and now it is marked to 1.5 %. Price touched the mean value (3890) and bounced back. Lets wait and watch the price action.
c AMD- December 2024 Current Price Trends and Short-Term Analysis Hourly Chart (Short-Term) The short-term trend for AMD on the hourly chart is currently down , indicating some immediate bearish momentum. However, there are early signs of a turnaround as the price edges up from $132 toward the $145 level. Significant resistance exists at $145 , which will act as a crucial test for further upward momentum. Until AMD decisively breaks this level, the price action is likely to remain choppy and sideways . Immediate-Term Outlook In the immediate term, AMD appears to be stabilizing and attempting to shift upward. The current price action suggests that the stock may oscillate within the range of $132 to $145 in the short term, building a base for a potential breakout. Key resistance levels are $145, $150, and $155. Medium-Term (Three-Month Daily Chart) Trend Overview On the three-month daily chart, AMD exhibit...