To The Moon

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ closed essentially flat and still above 5DMA, the short term bullish trend is on until proven wrong.RSI (Bottom Blue) reached 70 this week, same for the McClellan Oscillator (Bottom Red), after that level both oscillators have declined slightly while price continued green. A divergence is in play.But as mentioned before, don't expect a deep decline:I've provided several reasons, there is a new one today: The imminent crossover between 20 and 50DMA.A topic studied a week ago in the educational content, this signal is bullish, even if it is short lived, as recent histo

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$The pattern of a bullish candle followed by a reversal one suggests that at least $5219 could be visited (10DMA), but 20DMA has to be considered ($5134).That thesis considers:ℹ️The high Bollinger Band zone studied yesterdayℹ️The $5298 weekly resistance level that was published last Fridayℹ️The reversal candle seen on the 4H timeframeℹ️The psychological $40,000 resistance reached by DowJonesℹ️ $Cboe Volatility Index(VIX)$Locking some profits here can be a good idea, or setting some insurance using support levels.A bullish crossover between 20DMA and 50DMA seems imminent, that's good medium term.Imagehttps://twitte

$Advanced Micro Devices(AMD)$ - Do or die time:Shooting star validated by high volume, price rejected at the 50DMA and the higher Bollinger Band was crossed.Fast oscillator overbought.$168.7 is the level to watch before considering bullish continuation.ImageRemember my comment on the 15th May? This is what I wrote at the time:AMD looks interesting, jumping above the 20DMA that can be used to manage risk.The bullish MACD crossover set at the beginning of this month suggests a valid trend change.Resistance expected at $163 and invalidation of the bull thesis if losing $152https://twitter.com/SmartReversals/status/1791257717245395276

$Apple(AAPL)$ jumped above the Bollinger Band recently and came back below it.Jumping the band usually sends price down to 20DMA at least, was this an obvious short?No, it held $184.9 and jumped above it.It's been a long time since RSI was above 70, but there are no obvious reversal warnings, so remember the key S/R level mentioned since Monday for everyone in bio.Trading is about levels, no matter the bias.Image192 is a reasonable target, and 195 a stronger resistance that will start moving up since next week.https://twitter.com/SmartReversals/status/1790866008984387953

As expected yesterday, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ price action had bullish continuation today, and $5215 is in a better position to be a stronger support.Fast oscillators (Stochastic and Williams%R) have been invalidated, now it's time to use RSI, which closed today at 69.3, nearing overbought levels.Price action ideally should take it easy for the bullish continuation, so the Bollinger high is not crossed. In the recent past, sooner or later, crossing the higher band has sent the price to the 20DMA at least.That said, it's worth noting that 20DMA sits today at $5120.I have emphasized during all this year that $4600 is not a scenario, my recent expectation for a soft pullback did

The $S&P 500(.SPX)$ respected the uptrend today, finding strong support at the key level of $5215 (before resistance, now support). This level, which coincides with the 5-day moving average (5DMA), held firm despite no direct touch. In fact, the price even managed to rally during the afternoon session.The overall price action appears robust. While there's a remote possibility of a decline tomorrow due to overbought conditions on the 30-minute and 1-hour charts, there are no other significant concerns on the horizon.Remember, it's often wiser to "dance with the trend" than fight it. The $5215 level can be a reference point for managing risk as the uptrend continues. $Cboe Volatility Index(VIX)$ had a ve

1. $Alibaba(BABA)$ $Alibaba(09988)$ BABA - Another Gap Up Pre Earnings ReportThe last three occurrences anticipated a decline post ERWill this time be different?Bollinger bands and candle are in better shapeRSI suggests a lower high while price set a higher high, meaning a potential bearish divergence.Place your bets.Image2. $Tesla Motors(TSLA)$ TSLA bounced at 20DMA finding resistance at $173.6All eyes at that S/R level.Narrow zone anticipating a big move.Will the gap act as a magnet?Imagehttps://twitter.com/SmartReversals/status/1790136366770131183

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Fast oscillators suggest a reset is due.Price action was flat still above 5DMA while 20DMA continues moving up trying to set a bullish crossover with 50DMA.Two relevant notes from the latest weekend newsletter:** "Don't Fight the Trend, But Be Aware of Risks" ** "Opening and staying above $5201 is essential for bullish continuation"Regarding risk awareness check the $Cboe Volatility Index(VIX)$ today, it bounced at the zone warned previously in newsletters: 12.9🎯Trade safe with technical management.Imagehttps://twitter.com/SmartReversals/status/1790114677374038116

Resistance zones have to be analyzed looking for signs of rejection, like bearish candlesticks or overbought oscillators.Since the candle shows indecision with a high wick, and Williams%R is overbought, there are good chances for a reversal.Volume at price, another key technical suggesting resistance:High volume at a certain price level can indicate concentration of sellers. These sellers may be investors who bought at that price previously and are now taking profits, or new sellers who see the level as a good price to enter a short position. This concentration of selling pressure can push the price back down, creating resistance.Considering the chart, entering longs suggest tight stops, since Probabilities and Risk Reward favor a pullback. Not a crash though, see the Volume base with the

1. $Alphabet(GOOG)$ $Alphabet(GOOGL)$ Faces Resistance: Gap, Bollinger Bands, and Bearish SignalsThe daily chart of Alphabet presents a confluence of technical factors that warrant attention.Gap Unfilled: GOOG has a historical tendency to fill gaps.Bollinger Band Rejection: It often experiences resistance after surpassing the upper Bollinger Band. This could be the case again.Bearish Technical Indicators: The stochastic indicator is curling down, suggesting weakening momentum. Additionally, a potential bearish crossover on the MACD indicator is forming.The 20-day moving average (20DMA) appears to be a minimum level to test.Image2. $Berkshire Hathaway(BRK.B)$