The second week of September saw markets retreat from recent gains, as risk-off sentiment took hold. The SPY weekly outlook expired bearish but missed its target price, closing at $540.36, above the anticipated $538. In contrast, Bitcoin's bearish sentiment proved accurate, with the BTC.USD weekly outlook hitting its target price of $55,375, striking at $55,583. Meanwhile, gold prices held steady, with the GLD weekly outlook expiring neutral and hitting its target price of $230.53. As investors assess the market's direction, key levels to watch include the SPY's upper range of $549 and lower range of $526, Bitcoin's upper range of $64,217 and lower range of $46,534, and gold's upper range of $234 and lower range of $227. The mixed performance underscores ongoing uncertainty, highlighting the need for cautious investment strategies amidst lingering economic concerns.
Expired SPY Weekly outlook. 2nd WK SEP 2024
> BEARISH 📉 MISS
Prior Week Closed Price: 540.36
This Week Target Price: 538
Upper Range: 549
Lower Range: 526
Expired BTC.USD Weekly outlook. 2nd WK SEP 2024
> BEARISH 📉 HIT
Prior Week Closed Price: 56,162
This Week Target Price: 55,375
Strike Price: 55,583 on SEP 11, 2024
Upper Range: 64,217
Lower Range: 46,534
Expired GLD Weekly outlook. 2nd WK SEP 2024
> NEUTRAL 📊 HIT
Prior Week Closed Price: 230.63
This Week Target Price: 230
Strike Price: 230.53 on SEP 9, 2024
Upper Range: 234
Lower Range: 227
Expired SPY Weekly outlook. 2nd WK SEP 2024
> BEARISH 📉 MISS
Prior Week Closed Price: 540.36
This Week Target Price: 538
Expired BTC.USD Weekly outlook. 2nd WK SEP 2024
> BEARISH 📉 HIT
Prior Week Closed Price: 56,162
This Week Target Price: 55,375
Strike Price: 55,583 on SEP 11, 2024
Expired GLD Weekly outlook. 2nd WK SEP 2024
> NEUTRAL 📊 HIT
Prior Week Closed Price: 230.63
This Week Target Price: 230
Strike Price: 230.53 on SEP 9, 2024