U.S. equities kicked off December on a strong note
With the SPY expiring bullish as it pierced its target price of 605. The index closed at 598.79, with a strike price of 606.26 set for December 4, indicating a potential upside to 612. In contrast, cryptocurrency markets were rattled as BTC.USD slumped, expiring bearish with a closed price of 98,120, eclipsing its target price of 96,438. The downward pressure was evident in its strike price of 93,662 set for December 3, with a lower range of 91,651. Meanwhile, gold prices treaded water, with GLD expiring neutral at 243.49, hovering near its target price of 245 and strike price of 245.19 set for December 4, as investors weighed the metal's safe-haven appeal amidst market fluctuations.
Expired SPY Weekly outlook. 1st WK DEC 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 598.79
This Week Target Price: 605
Strike Price: 606.26 on DEC 4, 2024
Upper Range: 612
Lower Range: 597
Expired BTC.USD Weekly outlook. 1st WK DEC 2024
> BEARISH 📉 HIT
Prior Week Closed Price: 98,120
This Week Target Price: 96,438
Strike Price: 93,662 on DEC 3, 2024
Upper Range: 101,224
Lower Range: 91,651
Expired GLD Weekly outlook. 1st WK DEC 2024
> NEUTRAL 📊 HIT
Prior Week Closed Price: 243.49
This Week Target Price: 245
Strike Price: 245.19 on DEC 4, 2024
Upper Range: 253
Lower Range: 237
Expired SPY Weekly outlook. 1st WK DEC 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 598.79
This Week Target Price: 605
Strike Price: 606.26 on DEC 4, 2024
Expired BTC.USD Weekly outlook. 1st WK DEC 2024
> BEARISH 📉 HIT
Prior Week Closed Price: 98,120
This Week Target Price: 96,438
Strike Price: 93,662 on DEC 3, 2024
Expired GLD Weekly outlook. 1st WK DEC 2024
> NEUTRAL 📊 HIT
Prior Week Closed Price: 243.49
This Week Target Price: 245
Strike Price: 245.19 on DEC 4, 2024