| | | | Is the Boat Tipping?
I commonly hold that when most of the market participants expect 1 particular thing, the market is going to likely do something different. Today I am going to show you the expectations for 2025 across a large swath of analysts. Are they all expecting the same thing? Let's take a look!
Come join me as we dive in and see what’s moving!
Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day.
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Navigating Key Levels in the Market: What to Watch for in 2025
Markets are already giving us plenty to analyze as we enter the third trading day of 2025...
The S&P 500, Nasdaq and Russell 2000 — alongside commodities like oil and gold — are all at critical levels. If you’re watching these moves closely, it’s clear we’re in a precarious situation where patience and precision will be key. Let’s dive into the setups and what they might mean for the days ahead.
Right now, the S&P 500 is facing resistance at a key level, marked by a high from late December. We’re seeing lower time frames — like the 15-minute chart — showing signs of a pullback, with the possibility of heading toward the daily roadmap line. If we break below support, we could see a dip into the 5,600–5,700-point range.
On the upside, resistance levels sit at the 6,100–6,200 zone, so any breakout above these highs could lead to a new leg higher.
The Nasdaq is also showing signs of weakness, with a clear move toward its extension target just below current levels. We’ve seen the first leg down, a retrace and now potentially the second move lower.
This is a moment where traders should be cautious — the Nasdaq is notorious for sudden shifts, and this could go either way.
The Russell 2000 has been hugging its roadmap line for over 10 days now — not exactly a sign of strength. If the S&P 500 and Nasdaq take a dive, the Russell could flush lower, possibly toward the 2,050 level. It’s a precarious setup, and traders should brace for volatility.
Oil is trying to push higher but hasn’t yet broken through its key resistance zone. If it clears this area, we could see a bullish move, but until then, it’s a coin flip.
Gold, meanwhile, is in a similar spot — it needs an extension higher to confirm a breakout. Otherwise, we may see it retrace back to support.
The markets are teetering on key levels, and this isn’t the time to rush into trades blindly. Focus on resistance and support zones, use the daily roadmap line as your guide,and don’t get caught chasing.
Volatility could pick up in the coming days, especially with next week’s holiday closure for observing President Jimmy Carter. Stay disciplined and ready to adapt — this is a market that rewards patience and preparation.
As always, keep an eye on the charts and let price action lead the way. No one cares about your money more than you do, so stay sharp and protect your capital.
Today’s Daily Chart Setup: Sphere Entertainment (SPHR)
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