• 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...
• QQQ is trading inside a range, between the resistance at 321, and the dual-support area made by the 21 ema + 313;
• Only a breakout would bring something new. If QQQ triggers an upwards breakout, it’ll just resume the bullish bias, and seek the next resistance at 334;
• On the other hand, if QQQ loses the dual-support level, it would trigger a Double Top chart...
• The SPX is correcting today, and it is trading around an important support level at 4,133 (top from Apr 04);
• If the index loses this key point, the next technical support is the 21 ema in the daily chart;
• The 21 ema is quite close to the 4,078, another key point that acted as a top (Mar 06) and as a support level multiple times (Apr 05, 06 and 10). Meaning,...
• TSLA stock is trying to do a bullish reaction, after yesterday’s crash, but it is still under important resistance levels;
• As long as TSLA remains under the 21 ema + 186 (red line), no bullish scenario will materialize;
• Only if TSLA breaks these resistance levels we might see something new, otherwise, the bearish sentiment will persist and in this scenario,...
• NVDA is clearly bullish, as it is doing higher highs/lows, trading above the 21 ema, and the ema is pointing upwards;
• However, it appears it is doing a top sign today, which is acceptable (last month it did many top signals);
• The previous top level at $275.89 is supposed to work as a support, and if NVDA closes under this key point today, it might start...
• The SPX triggered the pivot point at 4k, which we mentioned in our last analysis, and the trend is now bullish (the link to my previous analysis is below this post);
• Now, the support levels are: 21 ema; 4k; and the lower purple trend line. The SPX would have to lose all these support levels, doing a downwards breakout from its Ascending Channel, in order to...
• NVDA is about to retest the previous top at $275.89, after a quick correction to the $258.50;
• NVDA is in a very strong bull trend, and the last correction couldn’t even hit the 21 ema in the daily chart;
• By breaking the resistance at $275.89, NVDA would trigger another bullish pivot point, reinforcing the bullish bias. Its next target is the $289.46, which...
• TSLA is still trading inside a congestion, between the resistance at $200 and the support around $186 - $187, which we talked about in our last public analysis (link below this post);
• Yesterday, TSLA did a downwards breakout from an Ascending Channel (purple lines), just to hit its support at $186 again, and now, TSLA is retesting the bottom of the channel as...
• TSLA broke its main resistance at $187, and it hit its next resistance at $200. As we discussed in our previous studies, the $187 was our key point, and seeing TSLA breaking it is a powerful sign (the link to my previous analysis is below this post, as usual);
• The $187 (red line) was the neckline of an H&S chart pattern, and it was very close...
• TSLA stock is stabilizing, trading between its key support and resistance levels;
• The key support is the 38.2% Fibonacci’s Retracement again. Most of the time, when TSLA loses the 38.2% retracement after bouncing above it for a while (like in this case), the 61.8% retracement becomes the next target – usually it ignores the 50% when this happens;
• What’s...
• TSLA is reacting now that it hit its 38.2% Fibonacci’s Retracement;
• This is expected, but TSLA is still in a bear trend, and there’s no bullish reversal structure on it yet;
• In the 1h chart, it is inside a Descending Channel (trying to break it this morning), while in the daily chart, it triggered an H&S chart pattern;
• In theory, a pullback to the...
