Subscribe to my website and join 28K traders to receive 3 premium publications per week analyzing $SPX, U.S indices, ETFs, magnificent 7, crypto, and megacaps.
$AMZN: Oversold. Volume profile points to a make-or-break spot here, with oscillators calling for a relief bounce.
On Monday, the price must stay here, since the closest support is at 234 (-1.85%). If there is a bounce, 240 is the resistance to watch.
Like & Repost for more.
$MSFT After nailing a high probability bearish move for subscribers, the price could find consolidation considering oversold conditions.
Price action is bullish above 388 for Monday, targeting 394 and 397. If things go south, 384 is likely.
Like & repost for more daily levels
$SPX: Indecisive price action finding rejection at the 20 DMA. This crucial moving average has set resistance as highlighted when the price action lacks conviction.
Monday is make or break day, using levels is key to validate direction. $SPY.
The Support and Resistance Levels for Next Week are Out: Last week they were crucial for my high probability setups: $AAPL: -5.3% 🎯, $SPX: -1.2% 🎯, $MSFT: -6.3% 🎯, $GLD: -6.2% 🎯, $VXX: 7.2% 🎯.
One traded setup covers the subscription for the entire year. Join! Link in bio.
The Support and Resistance Levels for Next Week are Out: Last week they were crucial for my high probability setups: $AAPL: -5.3% 🎯, $SPX: -1.2% 🎯, $MSFT: -6.3% 🎯, $GLD: -6.2% 🎯, $VXX: 7.2% 🎯.
One traded setup covers the subscription for the entire year. Join! Link in bio.
SEMIS ARE BACK
$AMD is bullish above 479.0 only, with potential moves to 499.9 ( 2.4%) and 511.4 ( 4.7%).
$MU bullish above 962.7 only; upper levels are 1029.9 ( 3.4%) and 1064.0 ( 6.8%).
$AMAT 11.2% key level is 543.4, followed by 566.9 ( 2.6%) and 581.1 ( 5.2%).
The #Nasdaq Composite is showing a bullish reversal from oversold conditions considering the Stochastic. The bounce came from the volume shelves gap, the price needs to hold this zone to avoid a selloff to 24K.
$SPCX will be included tomorrow in this index $COMPQ.
With unprecedented investor demand for the largest IPO in history (SpaceX), it's worth remembering a simple lesson:
A great company doesn't always make for a great investment at any price.
The median major IPO lost 31% in its first year & suffered a 53% drawdown along the way.
The biggest launch this week is not on a soccer field. This special technical study of major IPOs provides a roadmap to help you making informed decisions about $SPCX. Stock market update with daily levels for $SPX.
Link in bio.
$SPX: After a -4% pullback, the index has reached the lower Bollinger band and the oscillator is curling up.
There is space for further decline until reaching oversold conditions, but a breather is possible. Will be on Friday when $SPCX is literally launched?
$AAPL: The top signal was anticipated, the stock has fallen -5.5% in two days 🎯.
The lower band may provide temporary support at the $290 zone, but the price is not yet oversold. Any eventual bounce today must recover $293 for preliminary validation, otherwise $285 follows.
TOP SIGNAL
$AAPL is constantly analyzed in my Trading Compas (daily and weekly). We have navigated bounces and tops successfully by combining technicals and S/R levels. Link in bio for the full analysis and levels for the $SPX, all the mag 7 and other megacaps for next week.
$SPX: Fear is rising after an extended period of dumb money confidence, which usually precedes declines. Sentiment indicators like Fear & Greed or Smart/Dumb Money do not time turning points like price action, but they signal when to stay in defensive mode, like today. $SPY$ES_F
$SPX: Technical bounces following a sell-off are normal, but today's bounce completely vanished, validating the bearish thesis. Not even the daily level of $7,431 posted last night for everyone subscribed was recovered. The chart remains bearish and suggests a continuation lower.
$NDX: Such bearish price action at all-time highs suggests continuation. When those bearish candles are validated by an overbought RSI, the bearish likelihood increases. Can the market open green tomorrow? Yes, but it must prove any bounce by recovering key weekly levels.
TOP SIGNAL
$AAPL is constantly analyzed in my Trading Compas (daily and weekly). We have navigated bounces and tops successfully by combining technicals and S/R levels. Link in bio for the full analysis and levels for the $SPX, all the mag 7 and other megacaps for next week.
$TSM, the second largest semiconductor company in the world by market cap, has printed a weekly shooting star. Previous occurrences have sent the price to the 20 MA (currently 369 and rising).
Monthly, weekly, and daily levels are constantly updated for founding members. $SMH
#Bitcoin has reached extreme oversold conditions, very similar to those seen in February. Price action relative to the Bollinger Bands and RSI mirrors those conditions closely. $BTC#Crypto
Key levels to recover posted in the Weekly Compass.