To The Moon

S/R Levels For Next Week Are OutThe thesis of a top being in for $S&P 500(.SPX)$ is still valid (See the $DJIA(.DJI)$ , an index without $NVIDIA Corp(NVDA)$ & $GameStop(GME)$ )This is my golden tool to confirm technical signals, the bullish above / bearish below approach is useful when the levels are set correctly.This week SPX, DJI, $Tesla Motors(TSLA)$ , $Amazon.com(AMZN)$ and many others broke the central level, showing first signs of turbulence in the market (7 levels are published). $Van

The graph illustrates the variation in the $S&P 500(.SPX)$ 's total market value, a reliable indicator of SPX's returns.The modest market value rise is 9.16% year-to-date, with $NVIDIA Corp(NVDA)$ contributing 3.58%—equivalent to 39% of the S&P 500's gain.Additionally, $Amazon.com(AMZN)$ $Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ collectively contribute 1.41% to the S&P 500's gain YTD, representing 15%.Four stocks contribute to 54% of the S&P 500's gain YTD, despite accounting for 19% of the total market capitalization for the S&P 500.NVDA ’s Fundamentals

1. $iShares Russell 2000 ETF(IWM)$ That 50DMA better holds, losing that level usually brings deep declines.Seems that the weekly bearish setup was delayed a week given the $GameStop(GME)$ euphoria.Image2. $S&P 500(.SPX)$ & $Cboe Volatility Index(VIX)$ Can we see the drop yesterday as a fake one since we are below 12.95 on the vix and day is hadding down again?I like this question about SPX and VIX. Ans: Possible, but let's pay attention to 5DMA; it's still resistance at this moment.$5288 is a daily support that must hold, it has worked during the last 45 minutes.If that's the case for the day, 5DMA has to be surpass

$S&P 500(.SPX)$ A technical bounce like the one seen today is normal after a bearish engulfing candle.With or without green continuation on Tuesday, further decline is expected, there are recent references highlighted in the chart.A bearish MACD cross is around the corner, that would validate the thesis of a healthy pullback coming. If it happens, a visit to the 20 and 50DMA zone is expected.The Bullish crossover in 20 and 50 DMAs looks like the welcome sign for Summer season. Suggesting that a healthy pullback would be a buying opportunity. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$

There are significant probabilities that a reversal has been triggered and a local top is in. $NVIDIA Corp(NVDA)$ shows a reversal candle validated by high volume, above the Bollinger Band and RSI is Overbought.RSI may be a joke for Nvidia, but not the bands, last time (March 8th) it moved price down. $S&P 500(.SPX)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $iShares Russell 2000 ETF(IWM)$ Imagehttps://x.com/SmartReversals/status/1793739160064327913

Since last week, I've been highlighting the divergence between the $S&P 500(.SPX)$ price and the McClellan Oscillator. The Oscillator's continued decline after reaching 70 and today's price action (bearish engulfing candle) suggest a local top may be in.Yesterday's post also pointed out this divergence. While I initially thought Tuesday's choppy action might resolve north due to a lack of resistance (my capitulation), the 5DMA served as a key support level if thing were to move south. The break of this line at 1:45 PM prompted me to wait for consolidation and share the updated market context at 2 PM.The recent jump in DXY (dollar index), TNX (10 yr treasury yield), and $Cboe Volatility Index(VIX)$ (vol

The initial reaction to $NVIDIA Corp(NVDA)$ 's earnings report is bullish, but not an explosion as in previous times.Watch out the higher Bollinger Band closing the day at $977.Price jumped after hours to $997 and came back to earth. The higher band has been mistreated by this bouncy guy, but last time it was crossed (March 8th) it moved price down to the lower band.My theory is that consolidation is ahead. $996 is the level that is expected to set a wall as it just proved... if reached again anytime soon. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ I

$S&P 500(.SPX)$ The 5DMA was broken momentarily, but price bounced quickly maintaining the very short term active.One of the reasons I've mentioned that a healthy pullback is expected is the divergence between price action and McClellan oscillator which continues moving down after finding rejection at 70. $Cboe Volatility Index(VIX)$ bounced, consistent to the FED minutes reaction, anyway it war rejected exactly at 12.95, a key level mentioned during the weekend.The final reaction to $NVIDIA Corp(NVDA)$ earnings will confirm direction after several choppy days, that as of yesterday it suggested northbound direction. $SPDR

Price remains above the 5DMA and the Moving Averages crossover is suggesting immediate bullish resolution.As mentioned in the introduction of the latest weekend's newsletter which is open for paid and free subscribers, the $S&P 500(.SPX)$ is in bullish territory as long as it holds above $5280, same for $SPDR S&P 500 ETF Trust(SPY)$ above $526; and $Invesco QQQ(QQQ)$ above $449. Even those who are free subscribers can benefit from the free content. This week's publication for everyone is particularly insightful.It seems the price is targeting $5348. $Cboe Volatility Index(VIX)$ and other context indicators are helpi

Something to watch: $S&P 500(.SPX)$ in green zone and that is fine and beautiful, the indexes opened above the warning level. $Cboe Volatility Index(VIX)$ in also in green zone.Deep green, more than the indexes. Something to watch.If price retraces here, as it suggests, it’s better to wait for a bullish reversal candle instead of make a bet for a specific level.ImageOf course, this is a secular Bull Market.Forget about $4600 for SPX, as I’ve written since JANUARY. And $4800 is not an option either.Potential HEALTHY pullback coming, but not even to $5000.The big turbulence is still above current levels.https://x.com/SmartReversals/status/1792524919919501631