Markets are showing signs of exhaustion near key resistance levels, with bearish candle structures and RSI divergences emerging across major indices and semis.
Setups in $SPX, $DIA, and $AMD suggest elevated pullback risk heading into next week.
1. $S&P 500(.SPX)$
Gravestone doji at the top; the next candle is very likely to be red, presenting a good R/R for shorts. The RSI divergence adds more bearish references.
2. $SPDR Dow Jones Industrial Average ETF Trust(DIA)$
Indecisive candle above the Upper Bollinger band.⚠️
Usually risky for longs. The 20DMA is the usual minimal destination. The gap below adds pressure to the setup.
3. $Advanced Micro Devices(AMD)$
Similar indecision led to a pullback to the 20DMA last week.
This time there is a gap below the shooting star candle, adding bearish pressure to the price. $VanEck Semiconductor ETF(SMH)$
😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.
🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!
Hot Merch Returns · Up to 43% Off
Comments