HOOD — In Key Macro Resistance Zone

Jul 14

Price has reached a major resistance zone, with the 110 level marking an ideal spot where downside pressure may begin to dominate and a mid-term top could start forming. Macro support for the macro-uptrend structure is at the 80–65 area.

Hedging near current levels may be prudent - especially ahead of earnings and while volatility remains relatively cheap.

Weekly view


Daily view:


Thank you for your attention and I wish you successful trading decisions!

Sep 26

Trade active

Price has extended beyond the macro resistance zone but remains within the maximum proportions of the topping structure. At these levels, hedging long-term positions is highly recommended.

As long as price continues to close below 132, I am looking for a mid-term correction to unfold, targeting a move back toward the 80–75 zone.

Chart:

Oct 14

Trade closed: target reached

HOOD Expecting more upside into the 180+ macro resistance, with a possible extension toward 220 to complete the macro uptrend from the 2022 bottom; this remains the primary scenario while price holds above 131 support.

A break below 131 would increase the odds that a mid‑term top is already in place and shift focus to a corrective phase instead of extension higher.

Chart:

Nov 5

Note

If today’s low holds, I see structural potential for one more upside leg into the macro resistance zone at 190–220, with a possible maximum extension to the 250 level.

Alternatively, if price breaks down and starts closing below the 21dEMA, odds will shift toward a deeper move below the 50dMA into the 120–110 region — which would indicate that at least a mid-term top is in.

Chart: