2024 Stock Market Predictions

​Trading Mentor: https://www.groktrade.com/tradingmentor.html

This video talks about d-seven's 2024 stock market predictions. He nailed it going into 2022 saying that the December 2021 highs would be the market highs for years to come, and so far going into 2024 he has been accurate.

The last couple of months have been quite bullish helping the S&P 500 gain 24% for the year. The S&P 500 has rallied the past nine consecutive weeks, which is the first time doing so in nearly 20 years. e are overdue for a pullback.

JPMorgan got in on the 2024 stock market predictions estimating the S&P 500 will be down ~11%. Morgan Stanly's 2024 stock Market prediction says the S&P 500 will drop by ~4.6 and Wells Fargo down by ~2%.

D-seven's 2024 stock market prediction is more bearish and thinks we'll drop more than ~20%,

Are the markets finally starting to top? It sure looks like it. The stock market technical analysis today reveals a slowing of the upward trajectory in the markets.

The last nine weeks, the S&P 500 maintained a robust bullish move upward with help of the 2023 Santa Rally. The stock market technical analysis today indicates that the markets continue to be overbought delivering bearish divergences in the MACD and RSI on multiple timeframes.

The weekly timeframes, of most major indices' charts are showing a bearish divergences in the oscillator and being at notable resistance levels. The stock market saw a midweek pullback, prompting us to question whether this is an 'exhaustion rally' coming to an end. If the Santa Rally of 2023 is anything like the Santa Rally of 2022, then 2024 could be quite bearish.

Investors, such as the 'smart money,' may consider selling to pocket profits, capitalizing on the current market strength. This would be favorable for the bears, potentially leading to a snapback market decline. The upcoming week is poised to be a pivotal clash between bullish and bearish sentiments.
​
The VIX, known as the "fear index," increased from its January 2020 lows, now sitting below 12.5. These lower levels are currently at a 'NO-FEAR' sentiment level. A crucial aspect to watch in conjunction with the stock market technical analysis today is the BULLISH divergence on the VIX, which is BEARISH.

#stocktrading #technicalanalysis #investing

Posted at: https://www.freeonlinetradingeducation.com/trading-videos.html

★ BEGINNER TRAINING FOR TRADERS ★
- https://www.freeonlinetradingeducation.com/sample-101-video.html

★ SUBSCRIBE NOW | NEVER MISS A VIDEO ★
- https://goo.gl/haxTTn (Easy one-click)

★ CHARTS WE USE ★
TradingView - https://www.tradingview.com/?aff_id=4639

LET’S CONNECT!
Facebook - https://www.facebook.com/GrokTrade/
Twitter - https://twitter.com/GrokTrade
Instagram - https://www.instagram.com/groktrade/
StockTwits - https://stocktwits.com/GrokTrade

★ CHART SCHOOL ★
- https://www.freeonlinetradingeducation.com/chart-school.html

★ OUR WEBSITES ★
Grok Trade - https://www.groktrade.com
Free Online Trading Education - https://www.freeonlinetradingeducation.com

___________________________________________________________
DISCLAIMER: This US stock market technical analysis today trading video is on advanced technical analysis on the US stock market this week and any stocks mentioned are for you to research after consulting with a registered investment advisor.

This US stock market technical analysis today trading video is on advanced technical analysis on the stock market this week and any stocks mentioned are for you to research after consulting with a registered investment advisor.

All of Grok Trade's technical analysis videos are for educational purposes only. Our videos are not delivered by a registered financial advisor.

All securities mentioned in this stock market trading video should be carefully reviewed for suitability by a registered financial advisor. And please keep in mind that our stock market 2023 stock predictions are simply a guess, and the stocks to watch this weekend are not a recommendation to buy or sell. As mentioned and to make sure there is no confusion, the US stock market technical analysis this week dives deep into technical analysis to help traders choose market sentiment and is not an endorsement to buy or sell any security.

The stock market technical analysis this week may have stocks to trade but any mention is strictly for educational purposes only. Again, we are required to say, "Always seek out a financial advisor." d7 called the 2008 and 2022 market crash, but there is never any guarantee of calls made by anyone include any Grok Trade mentor. This stock market trading video is on advanced technical analysis on stocks to trade after consulting with your investment advisor. These technical analysis videos are for education purposes only.