• NQ100_m continues to pullback from all-time highs
• The 161.8 golden Fib ratio is the nearest term support
• Prices trading below 21-day EMA
• Latest selloff confirms negative RSI divergence
• US jobs d

• Gold in corrective wave on D1 uptrend.
• Price slipped below 50 LWMA on H4 time frame.
• 4 potential bearish targets if 2055.82 breached.
• Bearish scenario invalidate above 2078.99 level

Global financial markets are set to be influenced by a cocktail of themes in the new year.

An anticipated pivot by the Federal Reserve to rate cuts, geopolitical risks and the US elections among other factors could translate to heightened volatility!

Here are 3 assets that may see big moves in 2024:

This year has seen its share of surprises and shockers, to say the least.

Investors and traders had to battle with a US and European banking crisis in March, the outbreak of the Israel-Hamas war in October, all while contending with the uncertainties over the Fed’s next policy moves.

• Solana skyrocketed by as much as 1125% this year

• Technical pullback warranted after such eye-watering gains

• This crypto still holds year-to-date gains of about 950% despite recent drop

• Solana likely surged as crypto sector recovers from FTX/SBF saga, amid Bitcoin ETF hype

• Further declines may hark back to key support levels from Q1 2022, before potentially pushing back higher

• Fed pivot, geopolitical fears have fuelled oil's recent rebound
   
• Brent's 50-day SMA now crossing below 200-day counterpart
   
• Such a "death cross" could signals declines ahead for oil prices
   
• After the last "death cross" in Sept 2022, Brent fell by a further 21% through March 2023

• SPX500_m pushing higher today to kick off "Santa Rally" period
   
• "Santa Rally" period typically refers to last trading week of December and first 2 trading days of new year
   
• S&P 500 has climbed in 4 out of the past 5 "Santa Rally" periods
   
• US stocks soared this year due to AI-mania and hopes for Fed rate cuts in 2024
   
• SPX500_m should have enough reasons to reach new record high next year

• USDInd now trading at lowest since end-July
   
• Holiday season tends to see lighter trading activity
   
• Still, today's US inflation data release could trigger a pre-Christmas move for the greenback

• Japan's benchmark stock index pares post-BoJ gains
   
• This index could be en route to “5th distinct touch”
   
• Friday's Japan’s CPI release may be next volatility trigger

• Fed pivot last week sparked oil price recovery; extended by Red Sea disruptions
   
• Crude now testing resistance at downward trendline
   
• Elliot Wave: correction wave now underway
   
• "Death cross" looms for crude oil