Turning point
you might recall the last focus being the abnormal price flows for the market at year end with our projections for the last two weeks of the year and the first two weeks of the new year
we projected a price decline into the year end
and it turned out we were spot on:
with the higher than usual odds for this once a year opportunity for this 2 week play in alignment of all time frames
these plays could be taken aggressively and on full size
we had indeed very profitable plays on our hand for closing out 2024
The first move in the new year is mostly significant as a precursor of the first quarter
We mentioned that a trend following probability is portfolio manager repurchase what they had sold in the last two weeks of December and in the case of the precious metals it manifested as such:
yet in the case of bitcoin and the S&P500 prices did not recover but rather traded sideways and weak
Statistically as such have a less likely trend continuation to looking forward within the first quarter but rather a sideways market
Even more, based on other various factors it would come to no surprise if the overall market might take a dip for the beginning of 2025
Comments