December 2, 2025 U.S. Stock Market and Cryptocurrency Market Analysis
On Tuesday, December 2, 2025, Kim’s US Stocks clearly explained why the U.S. stock market is currently falling. Based on the S&P 500, the market had entered a short-term overbought zone, and in such zones, natural corrections are highly likely. This decline is simply an extension of that technical fatigue — a normal correction — and does not indicate any problem with the medium- to long-term upward trend.
Regarding concerns about yen carry trade unwinding, it was emphasized that excessive worry is unnecessary. Although similar concerns arose last August, the interest rate gap is now significantly smaller than it was then. Additionally, the issue has already been largely priced into the market, reducing the likelihood of a sharp shock.
Nasdaq 100 Futures and Short-Term Indicator Analysis
The Nasdaq 100 futures have successfully broken above the upper line of the downward trend, marking a trend reversal. However, in the short term, the price has stretched too far from its averages, meaning a 2–3 day correction is likely until short-term indicators bottom out. After this correction, the upward trend is expected to resume.
Cryptocurrency Market Analysis: Bitcoin and Ethereum
The cryptocurrency market also declined briefly due to China’s warning regarding stablecoin crackdowns. Bitcoin pulled back at the zone where the yellow resistance line overlapped with short-term overbought signals, but long-term indicators show a golden cross forming — a bullish long-term signal. After the short-term correction ends, a continued upward trend is likely, with a full bullish reversal expected about a week after short-term indicators bottom out.
Ethereum showed the same pattern as Bitcoin. Although short-term overbought conditions triggered a decline, the long-term golden cross confirms that the trend has not been broken. Ultimately, an upward trend is expected after the correction, and a decisive breakout above the upper line of the downtrend will signal a full trend reversal.
S&P 500 Options Analysis and Year-End Outlook
According to S&P 500 option flow, major players view $680–684 on SPY as the short-term top. Meanwhile, $676–678 is considered a correction zone, and around $675 is expected to act as a key support line. Once short-term indicators exit the overbought zone and a rebound begins, strong upward momentum may follow through medium-term indicator rise and long-term golden cross formation.
Thus, the early December period is expected to remain weak or in a pullback zone, but a strong rally toward year-end is likely, with a high probability of breaking previous all-time highs.
Tesla, Qualcomm, Nevious and Other Major Stocks
Tesla remained resilient despite Michael Burry’s overvaluation comment. Although the stock is currently taking a breather due to short-term overbought conditions and overlapping resistance, the likelihood of breaking previous highs remains strong.
Qualcomm bounced from the lower line of its upward trend and is moving toward the upper line. Short-, medium-, and long-term indicators all show positive momentum. Nevious is just before a long-term golden cross and recently rose 5.5%, strengthening support at $80.
Iron fell 5% after-hours due to convertible bond issuance concerns, but if it maintains the previous low of $39, it may rebound. Oracle is preparing for earnings on December 15, trimming its decline and forming the base for long-term upward movement.
ASML and Intel show similar chart patterns, both rebounding from support and preparing to attempt breaking previous highs. Intel, in particular, has the added tailwind of partnership with Apple, increasing the probability of exceeding its prior peak.
Tech Stocks: Broadcom, Alphabet, Tempus AI
Broadcom has entered a correction due to short-term overbought conditions, but medium- and long-term indicators remain in solid uptrends, suggesting the overall upward direction will continue. Alphabet is also in a correction zone but is likely to offer a buying opportunity once support forms.
Tempus AI is in an uptrend but expected to undergo a short-term correction due to overbought conditions. Overall direction remains upward.
NVIDIA, AMD, TQQQ and Additional Stocks
NVIDIA has not fully completed a trend reversal yet, but long-term indicators are forming a bottom in the downward phase. Conservative positioning is recommended until a full golden cross forms.
AMD is rebounding from strong support, with short- and medium-term indicators rising. TQQQ is correcting from short-term overbought conditions but may rebound again using the upper boundary of the downtrend line as support.
Robinhood may rebound after short-term overheating cools off, while Marvell Technology is in a strong trend despite experiencing short-term overbought corrections.
Stocks Shaken by Bitcoin-Related Noise
Strategist stocks declined due to Bitcoin-related issues but could turn upward if they maintain support at the black trend line, with a long-term golden cross approaching. For Bitmain, holding the critical $23.4 support is key.
Overall Summary
The current correction in the U.S. stock and cryptocurrency markets is simply a technical overbought easing process, and the medium- to long-term trend remains intact. With a strong year-end rally likely after mid-December, this is a time for calm judgment rather than excessive fear.
