$VanEck Semiconductor ETF(SMH)$ : Bearish Crossover in 20 & 50DMA as previously posted for $NVIDIA(NVDA)$ ; price found rejection on Friday at the 20DMA and the Stochastic suggests the move is not complete yet.Volume was not as high as for $NASDAQ 100(NDX)$ and other important indexes&stocks, price action has to consolidate the 20DMA to start reversing the downtrend that is being described by both moving averages.SMH is one of the securities studied every week (2X) in the Weekly Compass, more details and key levels trough the link in profile.Image

1. $NVIDIA(NVDA)$ - Bearish Crossover Between 20 and 50DMAThe latest candle is bullish and validated by daily volume, anyway it has to prove the bounce recovering the 10DMA, where it found resistance during Friday's afternoon. Will the crossover be invalidated? The complete analysis is in my profile's link.Image2. $iShares Russell 2000 ETF(IWM)$ : As anticipated when the shooting star appeared one month ago already, the 50DMA is decorative for Small Caps, it was breached without much effort. $214 - $219 is a major support, and a key level to watch next week is $224, since it rejected price action on Friday in confluence with the 5DMA.ImageTrading is akin to any skill that requires performance; merely pract

$SPDR S&P 500 ETF Trust(SPY)$ - The premarket session found support at the current volume shelf, leading to a bounce at the open. While the resulting candle shows volume validation, it encountered resistance at both the 5DMA (grey line), and the 50DMA (purple line), failing to break above them.If the market continues to aggressively buy any pullbacks, a short-term bottom may be in place, especially given the current status of the Williams %R and the price action at the lower Bollinger Band.However, there is underlying weakness indicated by the lack of buying conviction at the close, suggesting a potential downward move. This move, however, could be part of a broader bounce, as illustrated by the black arrows pointing to bearish candles.Image

1. $SPDR S&P 500 ETF Trust(SPY)$ - A technical bounce as mentioned yesterday, and it vanished during the day.This move is aiming at a gap fill which makes sense with a reset in oscillators and the volume shelf at $567 that may act as support. The bearish candles are validated by volume.Image2.They told me April was going to be bullish.They told me July was always bullish for $NASDAQ 100(NDX)$ They told me September was always bearish.They also told me December is bullish.But the statistical approach works right? it's just bad luck, the Santa Rally is coming, right? $.SPX(.SPX)$ $Invesco QQQ(QQQ)$

1. $.SPX(.SPX)$ - Price Action is PrimalSame arrows from previous posts. When price moves in a narrow space a squeeze is brewing. Oscillators showing bearish crossovers, $Cboe Volatility Index(VIX)$ bouncing, and breadth in a significant deterioration proved their worth.The Bollinger band has been breached, a technical bounce is possible, but the move shows conviction. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ Image2. $iShares Russell 2000 ETF(IWM)$ - The 50DMA has Essentially Been ReachedIt sounded extreme three

$.SPX(.SPX)$ - Marginal Decline Finding Support at the 20DMA:⚠️ $Cboe Volatility Index(VIX)$ roared +7.22% today but the index printed a shallow move with a potential reversal candle.⚠️ $NVIDIA(NVDA)$ continues building on its bearish setup shared in the weekly compass, while $Microsoft(MSFT)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ are the giants holding the market✅.ℹ️Most of sectors declined but $Consumer Discretionary Select Sector SPDR Fund(XLY)$ ✅Check the daily reversal candle for

$SPDR S&P 500 ETF Trust(SPY)$ - The current volume shelf continues strengthening after nine days of narrow price action.Moving averages continue in uptrend and the 50DMA will catch up with $595 at this pace. This is not a market to short as mentioned several times, but this is a market to stay cautious, we have studied different bearish crossovers in MACD, Stochastic, and today the divergence with the Money Flow Index, which is in decline. $Cboe Volatility Index(VIX)$ jumped today 6.37%, definitely something to be mindful about.Image

$VanEck Semiconductor ETF(SMH)$ - Semiconductors in a Critical Turning PointAn indecisive candle with high volume was printed on Friday, right at the 50DMA with a bullish Stochastic crossover. The diagonal resistance is something to watch tomorrow, it is in confluence with the 50DMA.A close above those purple and black lines is essential for bullish consideration since the candle left a gap opened on Friday. $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $Broadcom(AVGO)$ $Advanced Micro Devices(AMD)$ $SPDR S&P 500 ETF Trust(SPY)$

1.$Tesla Motors(TSLA)$ : Price is overbought, but shorting this one is very risky, it's much better to surf the wave managing risk.It's worth noting that very soon we will learn if the bearish RSI divergence will be materialized with a healthy pullback.$438 is a key threshold to use. Potential continuation above it, caution below it. Pullbacks may bounce at the 10 or 20DMA as it happened in November twice.Image2. $Advanced Micro Devices(AMD)$ - Price reached oversold levels relative to Bollinger bands, Stochastic, and Volume ProfileSince the latest candle does not suggest a reversal, $122 may consolidate a technical bounce at the very least.For a safer entry, $129 provides a better threshold to rely in any

$NVIDIA(NVDA)$ : A Bearish Crossover Between 20 and 50DMA is imminent, and the bullish MACD was invalidated.The latest candle is entirely below the 50DMA aiming at $129, unless the 4H chart is encrypting a bullish reversal. More details in the latest Weekly Compass. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $Advanced Micro Devices(AMD)$ $VanEck Semiconductor ETF(SMH)$ ImageApril and July( $NASDAQ 100(NDX)$ ) were supposed to be bullish based on stats, September was suppos

$iShares Russell 2000 ETF(IWM)$ : -5% alreadyShooting stars are very powerful signals when they're combined with other indicators, in the latest case the MACD crossover fueled the bearish thesis.50DMA sounded like too much for a bearish destination two weeks ago, today the index is few points away from that line🎯🎯🎯.A technical bounce could come on Monday, but the index has to jump 1% to make it reliable. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$ Image

No change as $.SPX(.SPX)$ remains in the 4th wave position unfolding as a bullish triangle or WXY model.A break above 6065 would favor the triangle scenario to coil before breaking out to the 6150-6200 final 5th wave targets.Below 6065 would bring risk to a modest dip to the 6030-6003 strong support to then terminate the 4th leading to the final 5th wave breakout.This is invalidated below 5975. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(

$Invesco QQQ(QQQ)$ - Indecision Candle Building on the Consolidation ThesisAs long as price stays above the 5DMA everything is ok, however the $Cboe Volatility Index(VIX)$ looks bouncy, the chart is available in the latest publication: If a pullback materializes, $513 is a confluence area between where 20DMA matches a big volume shelf. $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $E-mini S&P 500 - main 2412(ESmain)$ Image

$SPDR S&P 500 ETF Trust(SPY)$ - Consolidation in Progress - Pullback BrewingPrice action is vanishing momentum, the 10DMA is losing strength. A visit to the 20DMA seems imminent considering the bearish MACD crossover. Is the 20DMA a relevant support?: The circled volume shelf suggests so. $.SPX(.SPX)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $E-mini S&P 500 - main 2412(ESmain)$ $iShares Russell 2000 ETF(IWM)$ ImageLooks 50/50. Some hope for bulls

1. $iShares Russell 2000 ETF(IWM)$ -4.2% Already From the High of the Shooting Star, and the oscillator says there is still distance before reaching oversold levels. The 20DMA has been lost, what is the next stop?A) The 50DMA? [$229]B) The Gap? [$224.3]C) Point of Control of the Volume shelf? [$221]They told me December was going to be bullish, also they told me September was going to be bearish, and July and April bullish. What happened?Image2. $Invesco QQQ(QQQ)$ - Inside Candle at the 5DMALosing $525 tomorrow (5DMA) would provide acceleration to a market pullback that so far has been shallow because tech came to the rescue.The Volume profile provides a relevant support in the gap area. Will it be filled s

$.SPX(.SPX)$ - And the Current Event is Looking ReddishThe bearish MACD crossover is being validated and what was seen yesterday seems like an technical bounce that was correctly timed on Tuesday, but it vanished in the futures session at night.Price is aiming at $6003 in the very short term, and be mindful about the monthly candle in formation, it looks quite "dojish" as of today.December is not expected to bring a significant pullback, but January is a good starting point considering the current context. $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $.DJI(.DJ

$.SPX(.SPX)$ - The 2H signal was proven true, now it's time to prove how sustainable it is.There is a bearish MACD confirmed, the vertical lines highlight green candles after that signal, red ones preceded red continuation, green ones bearish invalidation.What's coming?There is a positive sign which is the recovery of the 5DMA, it happened in one of the occurrences with bullish continuation; odds favor such scenario unless the 5DMA is lost again. $Cboe Volatility Index(VIX)$ has to stay under 14.5 for bullish consideration.Image

$.SPX(.SPX)$ - The Decline ContinuesVery shallow, but there was red continuation, the 10DMA was breached as expected, and the Stochastic indicates the move is starting.Even if price is to find support in any straight diagonal, there is room for continuation, anyway I like more moving averages and dynamic levels, so the 20DMA is the next one to test, and it is curling down.ImageSPX - 2H: The Down Move Lacks of ConvictionA major top may be in or is coming, but as of today, the decline is shallow.The 10DMA was lost as posted in the previous chart, anyway the 2H chart opened the possibilities for a positive #CPI reading tomorrow.Manage your risk.Image

$iShares Russell 2000 ETF(IWM)$ : -3% Decline from the top of the shooting star already, and the MACD crossover is still at a high level.The 20DMA is offering temporary support, but the candle suggests continuation.50DMA on the horizon, makes sense.Any point is valid, IWM has been in sell mode since last week, if the 20DMA is breached things would get ugly,As long as the 20DMA stays in support position, that thesis is valid, if 20DMA broken = big fall.How likely is a gap fill in December? Appreciate your point of view.Image

$.SPX(.SPX)$ - As anticipated last Friday, there were signs of a top considering the candle, the bearish Stochastic crossover, and the price action curling down as the blue arrows compare during previous consolidations.Interestingly, the 5DMA was breached, and the 10DMA has not provided support during the last months, so most likely this decline should visit the 20DMA at least.The Stochastic suggests this move has just started.ImageIn the past three months, central banks around the globe have implemented 62 rate cuts, marking the highest frequency since the Covid crisis.Expect further adjustments next week from the Fed, the ECB, and the BoC. $SPDR S&P 500 ETF Trust(SPY)$