As we can see, the SP500 has confidently fixed the week above the trend of downtrend and it seems that there is every chance to continue growing and reach the development of the "flag" technical formation, which was formed after the uptrend and locally we have completed the correction to the global trend, at least the chance is high.
The potential target of the technical formation is $5,000, a round number and a new all-time high, and if this happens, the golden rule "New high - Buy" will come into effect
The local task is to get above $4,200 and, accordingly, pull the stock market along with it, 4,000 is an important support level, the breakdown of which can send us to update the low below 3,500
DXY could not hold the important zone 100-105 and if there is no consolidation in this zone in the next week, then there is a big chance to fall to the bottom of the previous range at around 90
There is a big chance for gold to see a new high or at least enter the range of 1800-200 dollars
Amazon is still in a downtrend, a correction to a very long uptrend, the area above $120 is interesting for continued growth and purchases, local targets in this case are around $150
Nvidia held and closed the month above $180 and paved the way to $300
Netflix has not yet reached the purchase zone - $400, the price passes above the mark and can start working long in order to test the maximum, around $700
Tesla expects a long sideways movement in a wide range of 120-350, local resistance of $200, along the passage of which you can see a test of the maximum
Zoom is obviously heavily oversold, in his case either death or a pass to the 100-115 level. It doesn't look like death yet, there is a chance to work out a good percentage of profit, if the stock market moves, then weak boats will move too. Exit above 115 will open the way to 300, but I do not expect a quick rise
Apple seems to be in trouble, a head and shoulders formation could reverse such a long uptrend. Danger zone 110-120 dollars. If this mark is broken, then there is a high probability of seeing $60 per share.
Boeing has almost swallowed the fall, the $300 level is likely to be tested, it is not the first entry to the resistance test, but the level is very serious and it will be indicative of what pressure there will be from the bears, there is a chance to break above 300 and see a new high in the long term
The potential target of the technical formation is $5,000, a round number and a new all-time high, and if this happens, the golden rule "New high - Buy" will come into effect
The local task is to get above $4,200 and, accordingly, pull the stock market along with it, 4,000 is an important support level, the breakdown of which can send us to update the low below 3,500
DXY could not hold the important zone 100-105 and if there is no consolidation in this zone in the next week, then there is a big chance to fall to the bottom of the previous range at around 90
There is a big chance for gold to see a new high or at least enter the range of 1800-200 dollars
Amazon is still in a downtrend, a correction to a very long uptrend, the area above $120 is interesting for continued growth and purchases, local targets in this case are around $150
Nvidia held and closed the month above $180 and paved the way to $300
Netflix has not yet reached the purchase zone - $400, the price passes above the mark and can start working long in order to test the maximum, around $700
Tesla expects a long sideways movement in a wide range of 120-350, local resistance of $200, along the passage of which you can see a test of the maximum
Zoom is obviously heavily oversold, in his case either death or a pass to the 100-115 level. It doesn't look like death yet, there is a chance to work out a good percentage of profit, if the stock market moves, then weak boats will move too. Exit above 115 will open the way to 300, but I do not expect a quick rise
Apple seems to be in trouble, a head and shoulders formation could reverse such a long uptrend. Danger zone 110-120 dollars. If this mark is broken, then there is a high probability of seeing $60 per share.
Boeing has almost swallowed the fall, the $300 level is likely to be tested, it is not the first entry to the resistance test, but the level is very serious and it will be indicative of what pressure there will be from the bears, there is a chance to break above 300 and see a new high in the long term