• We nailed the 4,195 target on the SPX, as mentioned in my previous public analysis from May 16 (link below this post);
• Now, it appears the index wants to correct, and the 21 ema is right there waiting for it, as a technical support level. This makes sense as it just hit its target;
• The problem is that it isn’t dropping properly. Despite the drop this...
• TSLA just reached another resistance level, after breaking its previous resistance at $177, as mentioned on my previous public analysis (link below this post);
• Although it just hit another resistance level at $191, there’s no top signal, nor bearish reversal structure on TSLA yet. Even if we see TSLA dropping, the trend would still remain bullish – remember,...
• Today TSLA hit our technical target at $177.65, successfully filling the previous gap;
• Now, it seems it is starting to lose momentum, but it is too soon to tell if we’ll trigger a top signal around this resistance (like a Shooting Star pattern, or maybe a Gravestone Doji?);
• If yes, then a pullback is likely to happen, but as long as TSLA remains above its 21...
• AAPL just reached a short-term support line on the 1h chart, around $170.93;
• This support area acted as a support on three different occasions recently, and it acted as a resistance level on May 3;
• So far, it seems AAPL is reacting above this key point. In this case, we can expect that it will seek the next resistance around $174, which is the main...
• TSLA did a powerful bottom sign just after it hit the $165 support line, the key point that I mentioned yesterday, on our previous analysis (link below this post, as usual);
• Now, TSLA is trigged a short-term reversal structure, as it did a higher high/low, breaking a pivot point at $169.51, and it is above the 21 ema (which is pointing up now);
• So far,...
• NVDA is trading inside a Trap Zone, between the $289 resistance and the ascending 21 ema, which is squeezing the price as time passes;
• Only a breakout of one of its key points would bring something new to NVDA. Usually, Trap Zone breakouts are quite powerful;
• By breaking the resistance at $289, NVDA would just resume the bullish sentiment, and the next...
• TSLA stock looks impressive, as it is doing an important reaction today, trying to reject the Hanging Man candlestick pattern from Monday;
• In theory a Hanging Man pattern is a famous top signal, however, evidence suggests that this pattern acts as a bullish continuation roughly 59% of the time (BULKOWSKI, Thomas. Encyclopedia of Candlestick Patterns, p....
• NIO is trying to reverse the trend on the 1h chart, as now it is above the 21 ema, which is ascending;
• What’s more, NIO just filled one of its gaps at $8.29, but it seems this area is acting as a resistance now;
• The problem is that we don’t see a clear bullish structure, like a higher high/low yet. This gives the impression that this was just a short-term...
• NVDA is extremely bullish, and in spite of the top signals it gave us last week, it didn’t trigger any single one of them, frustrating any bearish thesis on it;
• The 21 ema, the first support level, has been acting as a good support level this year;
• The $262 is a key support level, and only if NVDA loses it we might see a further...
• QQQ corrected to the 21 ema again, after filling the previous open gap at 322.08 (open since Aug 22, 2022);
• It is ok to see QQQ losing strength after reaching this key resistance, however, in order to maintain the bullish bias, the 21 ema must act as a support;
• If don’t, QQQ could easily seek the next support level, which is around 310, and this would...
• NVDA finally hit its long-term target this week, the 289 resistance, which I mentioned in my previous public analysis (the link to it is below this post, as usual);
• It has been correcting since then, as it did a top signal just under our 289 resistance (Bearish Harami). However, the trend is still bullish, as NVDA is still doing higher highs/lows and it is...
• The SPX has been correcting since it hit our target, the technical resistance around 4,170, but it seems it is stabilizing above the 21 ema;
• We set this target on my previous analysis (the link to my previous public analysis is below this post, as usual), before the SPX confirmed its bottom, when it was still below the 21 ema in the daily chart;
• Now we see a...
• TSLA has finally made a bottom signal above the support line at 154.76, indicating that it should jump to higher levels;
• The problem is the key point around 164, a previous support level that is acting as a resistance now. This is the same key point we mentioned in our previous TSLA analysis – the link is below this post, as usual;
• Also, despite the bearish...
• The SPX is doing a bullish reaction today, which could become a bottom signal and a possible bullish reversal – but it is too soon for this;
• Since the SPX lost the 4,078 support line, it was supposed to hit the next support line around 4,039. However, it is did bullish reaction in a “no man’s land”, and now it is trading above the 4,078 again;
• I say it is a...
• Yesterday, NVDA did what seems to be an Exhaustion Bar, a massive bearish candlestick around a support level, far from its resistance, after the pullback was already materialized;
• Today, we see a bullish reaction, and NVDA is bouncing away from its support at 263, and it is breaking the 21 ema as well, trying to reject a very bearish scenario.
• The 263 is a...
• SPX lost a support line at 4,113, and it seems it wants to engage a bearish momentum;
• The bias was already slightly bearish, as the index has been doing lower highs (purple line). But now, it is losing a key support line, indicating that it wants to seek lower levels, at least in the short-term.
• In the daily chart, the index is about to hit its 21 ema,...
• NVDA is doing a pullback to its 21 ema, which is a normal movement. The problem is that this correction is occurring after it found a strong resistance at 280;
• This could be the beginning of a Double Top chart pattern. In order to trigger this pattern, NVDA would have to lose the 263 support line, which is the previous bottom area;
• In this scenario, NVDA...
• TSLA crashed after earnings, but it seems it wants to stabilize around the 163 support line;
• So far, TSLA has been moving with technical precision, as we already discussed this bearish scenario in our previous analysis (link below this post, as usual);
• Now, in the daily chart, TSLA just hit its technical support at 163. So far, there’s no bullish reaction...
