The first week of September saw a mixed start to the month, as markets navigated a complex web of trends. The SPY weekly outlook expired bullish but missed its target price, closing at $563, below the anticipated $564.94. In contrast, Bitcoin's bullish sentiment proved accurate, with the BTC.USD weekly outlook hitting its target price of $60,388, striking at $60,185. Meanwhile, gold prices held steady, with the GLD weekly outlook expiring neutral and hitting its target price of $231. As investors look ahead, key levels to watch include the SPY's upper range of $576 and lower range of $553, Bitcoin's upper range of $67,820 and lower range of $52,956, and gold's upper range of $235 and lower range of $227. This varied performance across equity, cryptocurrency, and precious metal markets underscores the intricate interplay of global economic factors, monetary policies, and sector-specific dynamics shaping investor sentiment as the autumn trading season begins. The divergent paths of these markets underscore the ongoing uncertainty and highlight the need for cautious investment strategies as the quarter draws to a close.
Expired SPY Weekly outlook. 1st WK SEP 2024
> BULLISH 📈 MISS
Prior Week Closed Price: 563
This Week Target Price: 564.94
Upper Range: 576
Lower Range: 553
Expired BTC.USD Weekly outlook. 1st WK SEP 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 57,281
This Week Target Price: 60,388
Strike Price: 60,185 on SEP 3, 2024
Upper Range: 67,820
Lower Range: 52,956
Expired GLD Weekly outlook. 1st WK SEP 2024
> NEUTRAL 📊 HIT
Prior Week Closed Price: 231
This Week Target Price: 231
Strike Price: 231 on SEP 5, 2024
Upper Range: 235
Lower Range: 227
Expired SPY Weekly outlook. 1st WK SEP 2024
> BULLISH 📈 MISS
Prior Week Closed Price: 563
This Week Target Price: 564.94
Expired BTC.USD Weekly outlook. 1st WK SEP 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 57,281
This Week Target Price: 60,388
Strike Price: 60,185 on SEP 3, 2024
Expired GLD Weekly outlook. 1st WK SEP 2024
> NEUTRAL 📊 HIT
Prior Week Closed Price: 231
This Week Target Price: 231
Strike Price: 231 on SEP 5, 2024