Hello traders and investors! Let’s see how AMZN is doing today! In the 1h chart we see that it is trading near the support level of a Descending Channel. This is a good place for a bullish reversal, but so far, we don’t have a meaningful reaction. The black line at $ 3,175.42 is the key point that could trigger a reversal, and the first target would be the...
Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that the 4,500 is a very strong resistance, as we thought. Yesterday, we closed exactly at 4,500, and today, we are trying to break it again. The SPX is in a short-term bear trend, and there’s no bullish reversal sign on it yet. However, if it stays above the 4,500...
Hello traders and investors! Let’s see how AMD is doing today! First, in the 1h chart, it is very bearish, and we don’t see any bullish sign on it yet. We are doing lower highs/lows, and we are trading under the 21 ema. The most important resistance in the short-term is the $ 106 area, as it was the previous support level, and it is where the 21 ema is trading...
Hello traders and investors! Let’s see how the index is doing today! First, in the 1h chart, the index lost the support level we warned about yesterday, the 4,540, and it is doing the sharper correction we mentioned. So far, everything is doing according to the technique, however, we don’t see a clear buy sign yet. What’s more, the index lost the support at...
Hello traders and investors! Let’s see how AMD is looking today! First, in the 1h chart, it is doing a good bullish reaction. It seems we have a Rounded-Bottom after a massive sell-off, and this indicates that the bears are starting to get exhausted, and it is trading at discounted levels. To me, AMD could hit the $ 124 again, however, I’ll set a target at $...
A downtrend that had reverted to forming a base in the past 2.5 months with "neckline" at 85.50 +/-. There was a strong gap of abt 10% on 28 March on huge volume which hit right into the horizontal resistence around 85.50 and experiencing some pullback since. As this is likely a "breakaway gap" (a strong gap that occurs at the begining of a trend reversal), the...
Hello traders and investors! Despite the drop, the index is doing exactly as the technique said it would, and we talked about this yesterday (link to my last analysis below). Is this a good buy now that it is dropping? Let's see what the technique has to say. In the 1h chart, it lost the 21 ema, and it quickly filled our gap (blue square), making it an Exhaustion...
Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see a correction to the 21 ema, and the price is trying to react, as we expected (link to yesterday's analysis is below this post). This is good, and this correction doesn’t invalidate the bull trend, as the index is still doing higher highs/lows. There isn’t any...
We are trying to hold a demand line of a rising wedge pattern but are showing clear Hidden Bearish Divergence on the Daily and are likely to rollover rather than hold and upon breaking down one would expect it to come down to fill the gap below us at around $15.50
Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, we see that the index is respecting our support at 4,595, and only if we lose this point I’ll believe it could drop more. If this happens, we have many other support levels that could hold the price, like the gap area (blue square), the 21 ema, and the 4,500. The trend is still...
News - Better than expected Q4 EPS and sales results, the company expects to authorize a shares repurchase program up to 1.5B over the next two years. Levels -$195 is the next major resistance level. $138 is the next major support level. The stock is gapping up to $183 (pre-market). The idea is to go long at the open when it will try to test the $183 support...
Hello traders and investors! Let’s see how the SPX is doing today! It did exactly what we were expecting yesterday, and it filled our gap at 4,505. Now, let’s see what’s next. First, in the 1h chart, we see a clear bull trend as it is doing higher highs/lows. We dropped just to fill the gap at 4,461, near the 21 ema, and now we are resuming the bullish movement....
Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, the movement was very technical, as it is doing a pullback to the previous support area, and it seems it wants to react now. This support area is made of two relevant supports: The 21 ema; and the Gap at 4,461. Now, if the index confirms a bullish pattern at this support area, it...
Hello traders and investors! Let’s see how AAPL is doing today! Since it hit our last target, it has been going up nicely, and it seems nothing can stop from filling the next gap at $ 172.31. Since it broke the resistance at $ 168, this point should work as a support level in the future. The trend is clearly bullish, and there is no bearish sign around. In...
Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, the trend is clearly bullish, as the index is doing higher highs/lows, and it is respecting its support levels nicely. So far, there is not a single bearish structure that could indicate a possible pullback ahead. The area at 4,483 is a technical support, along with the 21 ema....
Market just finished 1 to 5 Elliot wave pattern, and bounced off of a strong demand zone, going down it made a few gaps which needs to be filled in a long term. Entry: 31.33 Target: 56 (Top of a last gap) Invalidation: 27.73 (Below demand zone)
Hello traders and investors! The SPX finally hit our target at 4,472! When the market crashed on Feb 24, it was a clear buy to me, and I set a target at 4,472 (breakaway gap). As Nathan Rothschild once said: "But when there’s blood in the streets". The index did many bullish signs: Bullish pivot point; Exhaustion Gap; Piercing Line in the daily chart above a...
Hello traders and investors! Let’s talk about TSLA today! We hit our target today, and we must update our key points. On Feb 24, TSLA confirmed an amazing buy opportunity, and I set a target at $ 920. One month later, we finally hit our target. The reasons why TSLA was a buy at the time are very simple, and I’ll explain why. Either way, if you want more details,...