Over the past few weeks, I have closely monitored the Volatility Index ( $Cboe Volatility Index(VIX)$ ) and the Nasdaq 100 ( $NASDAQ 100(NDX)$ ). The VIX flashed its initial warning sign when October started, and I called for an imminent volatility bounce during the next days based on a transparent indicator signal. The following week, the NDX was forming a top by breaching key bands and retracing. Since then, major supports have failed. This started with the 20-week moving average for both the NDX and $S&P 500(.SPX)$ , along with by key annual levels like 29,036 and 7,638 respectively. In last Thursday’s update, “The Most Important Chart of the Week,” I noted

During the previous earnings season, we studied the high probability of a reversal when price action is overextended before the open. We saw this play out today with $Apple(AAPL)$ and $Palantir(PLTR)$ . Both were cratering in the premarket, down almost 5% and 8% respectively. Shorting into these conditions is extremely risky. Both tickers printed a green reversal candle and recovered most of the bearish gap today, mirroring $Amazon.com(AMZN)$ from last week, which is now delivering on the bullish expectations outlined in the Weekly Compass, this week the stock has gained +4.3%, while $Broadcom(AVGO)$ , another name flagg

The market opened with bullish momentum, just as anticipated in Friday’s Support and Resistance Levels edition, published at 6:00 PM ET while extended-hours trading was still active: “Both indices ( $S&P 500(.SPX)$ and $NASDAQ 100(NDX)$ ) breached their daily lower Bollinger Bands; a technical bounce is likely before broader volatility resumes.” I also addressed this setup in Saturday’s Weekly Compass, noting that relief rallies in both the SPX and $Invesco QQQ(QQQ)$ were likely to stall at their respective Central Weekly Levels (CWL). Both moves faded at the projected resistance levels. QQQ peaked at 699.4, just 0.6 points below my 700.0 target. The SPX was re

This week, several key setups played out as projected: 🎯 $Microsoft(MSFT)$ : Reached our bearish target at 514.5 (-1.8%) after losing the CWL. 🎯 $Exxon Mobil(XOM)$ : Hit our 186.4 target (+1.8%). 🎯 $S&P 500(.SPX)$ : Tagged 7,567 as projected, then extended lower to 7,510, marking a -1.5% flush. 🚀 $Broadcom(AVGO)$ : Confirmed our bullish reversal thesis, reaching 335.1 before smoothly hitting our extended 348 target on Wednesday (+8.0%). 🎯 $Wal-Mart(WMT)$ : Hit our 122 target (+2.3%) and continued toward 125. $MSFT, $SPX, and $AVGO reversed from their respective target areas, o

Yesterday, I shared the $E-mini Nasdaq 100 - main 2612(NQmain)$ chart highlighting major technical cracks across the tape. The sharp bearish reaction to Amazon’s earnings reinforced a high probability of holding Thursday night’s breakdown formation at the very least. Today’s selloff comes as no surprise: while the flush could have extended into next week, the directional bias was south following last night’s close. The broader short setup began taking shape on Tuesday after indecisive price action printed a series of lower highs that again, I posted in my daily note. While Wednesday traded relatively neutral, corporate earnings served as the downside catalyst after the bell, just as noted on Tuesday when highlighted that rate hike probabilitie

The market declined today, driven by tech weakness and a sharp surge in December rate-hike odds. $Alphabet(GOOG)$ plunged -12.3% on weaker than expected revenue growth in its core search business, reigniting Wall Street anxieties over immediate returns on massive AI infrastructure investments. The weakness rippled across software and infrastructure peers: $ServiceNow(NOW)$ plummeted -27%, $Frontier Asset Total International Equity ETF(FINT)$ tumbled 20%, and $Microsoft(MSFT)$ succumbed to broader market pressure, closing lower despite reporting a strong quarter. Macro headwinds compounded the selloff. Hot inflation data a

As mentioned last night, with rate hike odds sitting below 10%, a hike today was highly unlikely. The primary market driver today was going to be corporate earnings reports posted after the closing bell. The $SPDR S&P 500 ETF Trust(SPY)$ held the Central Daily Level (CDL) posted last night as firm support. Our 7,712 bull/bear level cleared the way for upside toward 7,746, which sat just three dollars above today’s close. Price action lacked strong conviction as the market had already priced in the Fed’s rate pause and shifted focus to earnings after the bell. Throughout this earnings season, I provide fundamental research in downloadable one-pagers for all permanently tracked securities to paid subscribers. Those reports include multi-year tren

Every Friday, I post modeled levels for the week ahead across more than 40 securities. This week’s Support and Resistance framework anticipated bullish conditions for the $S&P 500(.SPX)$ once price reclaimed 7,668, setting 7,725 as the first upside target. That target was reached today, where afternoon price action stalled into indecision. As you know, indecision right below resistance demands caution for longs, just as stalling above support warns shorts, particularly around weekly levels. Because weekly levels can span a wide range (not to mention the monthly levels also updated here), I provide daily levels to map early reversal warnings or validations and intermediate support and resistance levels. Mirroring the Central Weekly Level (CWL),

On Saturday, I highlighted the key support levels where last week’s selloff stalled: a long-term moving average for the $S&P 500(.SPX)$ and an annual level for the $NASDAQ 100(NDX)$ . Both lines held as support. Now, price must hold key weekly levels to maintain momentum and prove that this bullish start to the week can carry through Friday and it will not vanish as it has happened several times recently. Risk remains elevated, the $Cboe Volatility Index(VIX)$ sits near 18 despite today’s pullback, meaning price action can easily trap both bulls and bears. That said, several setups highlighted on Saturday are moving in our favor:

A very choppy week has ended, bringing the anticipated vanishing bounce. The Volatility Index ( $Cboe Volatility Index(VIX)$ ), $S&P 500(.SPX)$ , and $NASDAQ 100(NDX)$ have been studied with clear indicators, and their setups anticipated both the previous week’s decline and the recent choppy price action closing in the red. This week’s bearish trigger came from the technology sector, driven this time by capital expenditure concerns for $Meta Platforms, Inc.(META)$ , which turned negative in free cash flow; the market simply needed a catalyst, and it arrived from the corporate front. What is particularly interesting is