• The SPX is in a short-term bull trend, as seen in the 1h chart, and only if it loses the 21 ema we would see a correction ahead; • In theory, it wants to hit the next resistance level, at 4,053, and as long as it stays above the 21 ema, this is the most likely scenario; • This reinforces our previous reading on this, as mentioned in our previous study from...
• TSLA hit our first resistance: The 21 ema in the daily chart; • This corroborates with our reading, as stated on my analysis form Friday (check the link below this post); • Now, it seems TSLA wants to break the 21 ema, and in this case, it’ll seek the retracements; • The 38.2% Fibonacci’s Retracement is the first retracement to work with; • So far, there’s no...
• NVDA is incredibly bullish, however, it is trading at a critical key point; • NVDA just hit a trend line that connects all its previous top levels since Nov 2021; • What’s more, NVDA is inside a Descending Channel; • However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure; • It would not only break free from a...
• The index is in a bull trend, doing higher highs/lows; • It seems it wants to correct today. If that’s the case, the next support level is at the 21 ema in the hourly chart; • The 3,950 is another key point, and if the SPX loses it, we would see a sharper correction in the daily chart; • In the daily chart, there’s a dual-support level around the 21 ema +...
• TSLA is trying to break the $123 area. If it confirms, this could trigger a rally to higher levels; • Remember, a rally doesn’t mean bullish reversal. It could be, but in this case, it is too soon to tell; • TSLA is breaking free from our Trap Zone, which we described in more details on our previous study on TSLA (link below this post); • This breakout is...
• Everything is going as planned on AAPL, since our last study on it (link below this post); • AAPL is heading to our target around the $137 - $138 area, which we set last week, and there’s no top sign on it yet; • Even if AAPL corrects, in order for it to do a clear top sign would be important to lose the 38.2% retracement again, along with the 21 ema – this...
• Today, we see SPY and futures dropping this morning, a prelude of a correction; • This isn’t a big surprise, but we’ll have to update a few key points that we mentioned in our previous study, yesterday (link below this post); • In theory, the index could correct up to its 21 ema, and the bull trend would still be intact, the problem is that the futures already...
• TSLA is about to correct today, however, we have yet to see a true breakout from our Trap Zone, which we analyzed in details on my previous public study on TSLA yesterday (link below this post, as usual); • Short-term speaking, if TSLA loses the 38.2% retracement, the next technical support is the 61.8% retracement. Usually, when TSLA finds a support at the...
• TSLA is still trading inside a “Trap Zone”, between the support level at the 21 EMA, and the resistance level under $123. Since the 21 EMA keeps climbing, it’ll squeeze the price in a tighter range as time passes, and soon, it’ll have to do a breakout; • If TSLA does a downwards breakout, and loses the 21 ema, probably it will seek the 61.8% Fibonacci’s...
• The SPX is in a short-term bull trend, doing higher highs/lows, trading above the 21 EMA; • Its last bottom level was above a dual-support level, made by the 21 EMA and the upper trend line of an Ascending Channel, which SPY did an upwards breakout; • This dual-support coincides with the 21 EMA in the daily chart, which we nailed as our main support on our...
• Despite the Shooting Star from yesterday, it seems the SPX found a strong support level at the 21 ema; • As stated yesterday, on my previous public analysis on SPX (link below), this movement could be just a pullback to the 21 ema, just to resume the bull trend again; • Therefore, the 21 ema is our key support level, and only if the index loses it, we would see...
• NIO is still in a long-term bear trend, however, it is doing an important reaction this week; • It is confirming a bottom sign, just above the support at $9.40 (Support in Oct 2022, and Gap from Jul 2020); • Only if it loses the $9.40 I see NIO seeking the purple line below the price, maybe even the $5.70 (Jan 2020 top level); • However, the recent reaction...
• Yesterday, the SPX broke the resistance at 3,911 for a brief moment, but by the end of the day, it lost momentum, couldn’t close above it, and it did a Shooting Star candlestick pattern; • This could be just a pullback to the 21 EMA, but the fact it found a resistance at 3,911 again it is not good for the bulls; • We warned about this on my previous SPX analysis...
• TSLA did a powerful reaction last Friday, and it seems it wants to continue the bounce, but it is stabilizing under the $120; • TSLA broke our short-term resistances, which we studies in details on my previous analysis (link below this post); • If it loses momentum, TSLA will most likely seek the $110 again, at least, as the trend is still bearish, and the...
• The index is did exactly what we expected it would, since our previous analysis, last Friday (link below this post); • It went up to hit the upper line of this Ascending Channel (in the 1h chart), but now, it seems we have a clear breakout; • In the daily chart, it is trying to break our resistance at 3,911, and it broke the 21 EMA as well (which is starting to...
• AAPL is reacting above a key support level; • In the weekly chart, we see a Hammer candlestick pattern, which was triggered this week. This points to a possible bounce on AAPL; • The technical target for a Hammer is the projection of the candlestick’s height in the direction of the breakout, this means, something around $138; • In the daily chart, there’s no...
• After we nailed the target at the 61.8% retracement on NVDA, it did trigger our Hammer candlestick pattern, and it seems it wants to reverse the trend; • In the weekly chart, everything is going according to the plan, as it broke the 21 EMA, and it is doing another bullish candlestick pattern – The link to my previous analysis is below this post, as...
• TSLA is still in a clear bear trend, doing lower highs/lows, trading below the 21 EMA; • What’s more, there’s a trend line connecting the previous top levels on TSLA since Dec 09 (1h chart); • The key support is $104. Although TSLA lost this support for a brief moment today, if it closes above it again it might avoid a further correction for now; • We mentioned...