To The Moon

Despite of The Rally on Friday, The Fear And Greed Index Is Still in Fear Zone.Seems that the divergence commented last week is a possibility.Trade carefully, some oscillators may be brewing a bullish divergence, which means lower lows in price and higher lows in the oscillators.For now, the bounce in $S&P 500(.SPX)$ has not been consistent with a bounce in the Fear and Greed index.$5083 is a key level to watch next week. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $DJIA(.DJI)$

The AAII Bullish Sentiment Index, also known as the AAII Bull Index, is a sentiment indicator that measures the percentage of individual investors who are bullish about the stock market's short-term prospects. This index is published weekly by the American Association of Individual Investors (AAII) and reflects the sentiment or optimism levels among individual investors.How to Interpret It:- High Bullish Sentiment: High levels of bullish sentiment may indicate market optimism and potential overvaluation, suggesting a contrarian signal that the market may be nearing a peak.- Low Bullish Sentiment: Conversely, low levels of bullish sentiment may signal pessimism and potential undervaluation in the market, indicating a contrarian signal that the market may be bottoming out.This index should c

$Apple(AAPL)$ 's Daily Candle Soars Above Bollinger Band: A Sign of Correction or Continuation?Apple's daily candle is currently trading significantly above its upper Bollinger Band, a level unseen since September 2nd, 2020, or July 31st, 2019; when a pullback followed the spike.This raises the question: is a pullback towards the Bollinger Band inevitable, or can the uptrend continue?Historically, a reinsertion into the Bollinger Band zone seems likely. Interestingly, the only instances since 2009 where the price continued its uptrend without revisiting the 20-day moving average (20DMA) were February 1st, 2017, and January 25th, 2012.Here's the key takeaway: Maintaining support at $179 is crucial to avoid the more likely scenario of a price correc

$Apple(AAPL)$ and mostly the economic data that suggest a rate cut activated a rally that clashed with the 50DMA. $S&P 500(.SPX)$ Key resistance zones were jumped, the main ones: $5083 and $5110, both at once.Oscillators are bullish, suggesting more upside.The gap is not a good reference, I'll elaborate on that on the weekend edition, and remember that a bullish MACD can be followed by immediate declines.50DMA and the Gap will dictate the next move, this candle can indicate a bearish reversal.Imagehttps://twitter.com/SmartReversals/status/1786490983384776813

I've been bearish on $VanEck Gold Miners ETF(GDX)$ and $WTI Crude Oil - main 2406(CLmain)$ for the past few weeks, even with the green candles they saw last week. The bearish case remained my primary concern for these two in my weekend newsletter. The moves for this week are:GDX: -3.2%CL_F: -6.5%Below is a screenshot from the latest newsletter.My upcoming newsletter will focus on monthly charts, the same charts I used on July 31st, 2023, to anticipate the coming decline, and on December 2023, to anticipate the turbulence around $5110.Imagehttps://twitter.com/SmartReversals/status/1786460086849704294

Bitcoin - Preliminary Weekly ChartPublished for paid subscribers last week:"There have been too many attempts to cross $63780, the volume base is also in construction, but given the number of testings, that level should be broken next week.20 Weekly Average continues moving up and catching up with the lower edge of the base....., so a visit to the lower side of the base is expected.".....See the updated chart, price bounced at the 20 Weekly Average in confluence with the volume base🎯Imagehttps://twitter.com/SmartReversals/status/1786416659172880438

$E-mini S&P 500 - main 2406(ESmain)$ Futures provide technical references for the bounce, considering oversold RSI and Stochastic at the time of a big gravestone that ended up setting the reversal. Not my favorite candle for a bullish reversal but it can happen.That same gravestone exists in $PX, very close to $5008, a support mentioned that it would be interesting if it holds.Let's see how the day goes.For $S&P 500(.SPX)$ :Bullish above $5110Bearish below $5061Imagehttps://twitter.com/SmartReversals/status/1786019080740241738

The CPCE ratio (CBOE Equity Put/Call Ratio) can be used as a sentiment indicator to gauge market psychology.While not the highest reading of the year, the CPCE closed yesterday at 0.85, marking the second peak of 2024. This suggests a bearish bias, with more put options being traded than calls. High CPCE can signal oversold conditions, potentially leading to a bounce, which is what we saw today. $Apple(AAPL)$ earnings can seal the deal or affect today's move in $S&P 500(.SPX)$ $NASDAQ 100(NDX)$ and all the market in general.Apple's sales drop 10%. Can the $110 billion buyback cushion the blow?Ideally, SP500 has to reach and consolidate $5084, now that $5061 wa

$S&P 500(.SPX)$ - The downtrend remains in control, dictated by the 20DMA currently at $5087.Despite this, $Apple(AAPL)$ 's positive earnings reaction is giving a boost to the market, with SPX futures up 0.33%.In my previous post, I highlighted the importance of the $5084 support level. Notice how the 20DMA is hovering near there now.Breaking above this key moving average would be the first step towards a potential trend reversal.The market's reaction to tomorrow's NFP data is a wildcard. A negative response could mute the positive sentiment from AAPL's earnings.While the 100DMA continues its upward trend, potentially acting as a support level in a continued decline, a bullish MACD crossover would be

$iShares Russell 2000 ETF(IWM)$ - SmallCaps looks good, better than other indexes.✅100 and 125 DMA offer strong support.✅Bullish MACD Crossover.✅Higher lows during the last two weeks.Totally consistent with the weekend newsletter: "IWM is not expected to break below $188, that is a confluence zone of an annual S/R level, 40 Weekly Average, and the lower Bollinger Band. For the near term, the weekly 20 MA, today at $199.3, may bring near term turbulence unless it is jumped quickly."Next mission: consolidate $200 as soon as possible.Imagehttps://twitter.com/SmartReversals/status/1786154746467729516