S&P 500 (SPX/USD) — Cooling After 5-Day Rally

Key Highlights

• S&P trades at 6822, down -0.53%
• Crypto crash triggers risk-off tone
• Retail stocks outperform into holiday season
• Fed cut expectations cushion downside

Market Overview

The S&P 500 snapped its five-day winning streak on Monday as the crypto crash spilled over into equities. Bitcoin’s sharp decline hit crypto-linked and tech names, though retail stocks outperformed thanks to strong early holiday spending data.

Despite the pullback, sentiment remains constructive heading into December — a historically strong month for equities — with the market pricing an 85% chance of a Fed rate cut.

Technical Outlook (H4)

• Stochastic recovering from oversold
• Price hovering at the 20 MA
• Support at 6750 key to maintain trend

Resistance	Support
6927.72	6750.36
7031.41	6653.03

Fremora Takeaway

Holding above 6750 stabilizes the uptrend.
Break above 6927 → opens 7031.

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WTI Crude Oil (USO/USD) — Testing $60 Resistance

Key Highlights

• WTI trades at $59.41, testing key resistance
• Sanctions on Rosneft/Lukoil create supply uncertainty
• Demand outlook remains weak (China + US inventories)
• API data today will drive short-term direction

Market Overview

WTI continues to stabilize near $60, supported by near-term supply concerns but capped by rising inventories, record US production, and soft global demand.

Despite geopolitical noise, the medium-term outlook remains bearish with the IEA projecting substantial supply growth in 2025–2026.

Technical Outlook (H4)

• Stochastic neutral
• Price above 20 MA
• Resistance at 60.11 remains the ceiling

Resistance	Support
60.11	58.54
60.82	57.79

Fremora Takeaway

Break above 60.11 → targets 60.82.
Failure → return to 58.54, possibly 57.79.