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Market trajectory hinges on weekly price patterns, Scott Melker notes

Market trajectory hinges on weekly price patterns, Scott Melker notes
Market direction driven by weekly action

Scott Melker, owner and content creator, comments that market sentiment remains divided between bullish and bearish cases based on prevailing conditions.

He suggests that the next major move will depend not on short-term shifts, but on price action across several weeks.

Melker recently highlighted panic selling in crypto markets following BTC moves by Strategy and Mt. Gox wallet activity. He also reported that JPMorgan raised its S&P 500 year-end target to 7,800, citing strong AI-driven earnings and improved geopolitical conditions in a separate update. These reports show his continued focus on market drivers across both crypto and equity sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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