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

$S&P 500(.SPX)$ - Short term bounce for scalpers only. Impulse faded once again:There was an interesting bounce in pre-market for $E-mini S&P 500 - main 2406(ESmain)$ ES_F, and during market hours SPX held the support level mentioned yesterday as first line of defense: $5008.A bounce did happen just to vanish again and validating the further decline thesis.A big move is coming, see the triangle in formation.I shared for everyone more details about the SPX chart with the target for this decline, click in bio.Price continues above $5008, but in this position and with a bearish Stochastic, it's difficult to see an inverted hammer followed by a bounce.Imagehttps://twitter.com/SmartReversals/status

$Apple(AAPL)$ : Another day, another rejection at the 50-day moving average (50DMA).The gravestone candle from Monday seems to be confirming its bearish signal. The gap has been filled as expected, and a new gravestone doji has formed.The Stochastic indicator is curling down again, which is not a good sign since Apple's price often follows these oscillator signals.The only positive element in the chart is the low volume for the recent gravestone candle.$163 will be reached soon if AAPL does not recover $171 quickly. $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Qualcomm(QCOM)$ $UnitedHealth(UN

A month ago, when I warned that the market was overbought and we were living an overextension, the answers in social media were: "Overbought can continue overbought"I wrote for subs a special study of overextensions, the decline worked as in 7 comparable overextensions. The study also includes the aftermath of such pullbacks.No mention that a month ago April was statistically a bullish month!, I hope the irony of my post from a month ago was captured (read below).Two weeks ago, the narrative shifted to "Oversold can stay oversold."Following the crowd is the worst decision in trading.Another special study is coming, I'm waiting for the monthly chart to close. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)

$S&P 500(.SPX)$ Daily Chart:As mentioned yesterday, in a publication for for everyone with several charts: "Bearish below $5061."The reinsertion of $Alphabet(GOOG)$ $Alphabet(GOOGL)$ and $Tesla Motors(TSLA)$ to the Bollinger zone were a good addition to weak price action in #SP500 at resistance levels; also the gap fill for $Apple(AAPL)$ after a bearish candle validated by high volume. No mention the bearish weekly MACD signals across the board studied during the weekend. $Amazon.com(AMZN)$ is moving up, that could provide some oxy

$Apple(AAPL)$ Daily Chart:During the weekend, the study of volume at price indicated a potential bounce based on the current base, and the importance of recovering $171.Apple jumped and recovered the $171 level and the 50DMA (double win), but a gap was open and price action formed a gravestone candle with high daily volume.Price is not overbought.The latest gravestone with a gap that had green continuation was on May 30th 2023. It was filled in August 2023.A week of mixed signals, this will be interesting.Imagehttps://twitter.com/SmartReversals/status/1785255013930995995

$S&P 500(.SPX)$ McClellan Oscillator: Divergence Brewing?This is a technical analysis tool used to gauge market breadth, which refers to the participation of stocks in a market move. It helps assess whether a price move in an index like the S&P 500 is divergent from the underlying health of the broader market.Bullish Divergence: This occurs when the price of an index makes a new low but the McClellan Oscillator makes a higher low (compared to a previous low). This suggests that the decline in the index might be losing momentum, even though prices are falling. It can be a sign of potential future buying pressure and a possible price reversal.See the bullish divergence from Q3 2023, IF something similar is in progress (green dashed line), th

$Alphabet(GOOG)$ $Alphabet(GOOGL)$ -3.3%, What Happened With the Happy Face Published during the Weekend?The pullback is perfectly normal, the gap up is one of the reasons.See the high daily volume for the Friday's island.More technicals to consider were published for everyone, check your inbox, or get access in bio.Charts with more detailed analysis included: $S&P 500(.SPX)$ $Tesla Motors(TSLA)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Meta Platforms, Inc.(META)$Like and repost for more open

The bearish crossover between the 20-day and 50-day moving averages (DMAs) has been confirmed.Price action today reached two key levels mentioned over the weekend:ℹ️50DMA: Encountered resistance at this level.ℹ️$5119: Still acting as resistance.The indecision candle at a confluence of resistance levels is something to be careful about.A free/open post for everyone covering more details for $S&P 500(.SPX)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ will be published today in Substack. Imagehttps://twitter.com/SmartReversals/status/17

$Apple(AAPL)$ This bounce is exhibiting weakness, as evidenced by the shooting star pattern formed at the 20DMA. Recently, the oscillator has at least validated a move up to the 50DMA in similar situations. Several indecisive candles observed during the March bounce offer similarities with this bounce.This weekend's newsletter delves deeper, analyzing weekly charts for $Apple(AAPL)$ $Amazon.com(AMZN)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $NVIDIA Corp(NVDA)$ $Meta Platforms, Inc.(META)$