Post #7239

The market might drop below 4000 before reaching the 4100 level. The Gaza-Israel ceasefire could be another indicator of an upcoming long-term bearish trend. A retracement phase might cover a $100 drop in the market, but breaking below 3938 will be crucial in determining the market's trend. If the market drops below 4000, breaking the strong support at 3940, its next target could be 3840, and it might even drop further. A strong dollar will likely play a significant role in determining the market's trend. Key areas to watch: support at 4000, 3938, and 3838, and resistance at 4080 and 4100, with a target of 3800.