Technical Analysis

The S&P 500 increased by about 25 basis points on 2 December.

Gold and silver prices have surged in 2025, but several divergences have emerged more recently, with notable non-confirmations between gold and silver, as well as across other precious metals such as platinum and palladium, and industrial metals like copper.

Volatility is a feature of every market, influencing how prices move from one moment to the next. To interpret this movement more clearly, traders often rely on indicators that look beyond direction alone. One such tool is the average true range (ATR) – a straightforward and widely used measure that helps illustrate how active a market is.

The previous day’s high (PDH) and previous day’s low (PDL) are simple yet valuable reference points that show where notable buying or selling activity occurred. By observing these levels, traders can gain a clearer understanding of market structure and short-term sentiment as the new trading day begins.

At first glance, the idea of buying more of something that’s falling in value might seem counterintuitive. Yet for some traders, averaging down is a way to adjust their position and manage their overall entry price when markets move unexpectedly. It’s a strategy that raises important questions about risk, timing and discipline – and whether adding to a losing trade can ever make sense in the long run.

The trading range in the stock market widened on 24 November, with the S&P 500 rising by around 1.5%.

It will be a holiday-shortened trading week, with the US market closed on Thursday, 27 November, and operating a half-day on Friday, 28 November.

It was a harsh day for risk assets, with markets opening higher only to give back all those gains, finishing sharply lower.

Inflation could be about to rear its ugly head again. Beneath the surface of the current spike in market volatility is the underlying risk that price pressures could be building once more across the global economy, especially in the United States.

Since mid-October, the S&P has fallen around 4%, while the Nasdaq has declined about 5%. There are many reasons for this, and various paths that have led us here over the past month.