The thesis of a top being in for SPX is still valid

SmartReversals
05-25

S/R Levels For Next Week Are Out

The 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).

$VanEck Gold Miners ETF(GDX)$ retraced from the first resistance level on Monday, $WTI Crude Oil - Dec 2024(CL2412)$ continues moving down and #Silver suggests a top.

Golden tool published.

ImageImage

https://x.com/SmartReversals/status/1794118598471876973

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • WebbBart
    05-25
    WebbBart
    The S/R levels are on point, confirming the technical signals.
  • JudithGrant
    05-25
    JudithGrant
    The chart you shared is a great visual aid.
  • Stormriders28
    05-26
    Stormriders28

    Great article, would you like to share it?

  • Kevinshn23
    05-25
    Kevinshn23
    Great
Leave a comment
4
50