$S&P 500(.SPX)$ A technical bounce like the one seen today is normal after a bearish engulfing candle.With or without green continuation on Tuesday, further decline is expected, there are recent references highlighted in the chart.A bearish MACD cross is around the corner, that would validate the thesis of a healthy pullback coming. If it happens, a visit to the 20 and 50DMA zone is expected.The Bullish crossover in 20 and 50 DMAs looks like the welcome sign for Summer season. Suggesting that a healthy pullback would be a buying opportunity. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$

The graph illustrates the variation in the $S&P 500(.SPX)$ 's total market value, a reliable indicator of SPX's returns.The modest market value rise is 9.16% year-to-date, with $NVIDIA Corp(NVDA)$ contributing 3.58%—equivalent to 39% of the S&P 500's gain.Additionally, $Amazon.com(AMZN)$ $Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ collectively contribute 1.41% to the S&P 500's gain YTD, representing 15%.Four stocks contribute to 54% of the S&P 500's gain YTD, despite accounting for 19% of the total market capitalization for the S&P 500.NVDA ’s Fundamentals

S/R Levels For Next Week Are OutThe 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). $Van

The big 7 Tech Mega-caps account for 31% of the $S&P 500(.SPX)$ . Many view this concentration as a negative factor.Concentration indeed poses risks. However, most of the 7 mega-caps exhibit strong fundamentals. Even $Tesla Motors(TSLA)$ is expected to thrive.Studying these stocks is crucial for analyzing SP500 and $NASDAQ 100(NDX)$ . $Apple(AAPL)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Amazon.com(AMZN)$ $Microsoft(MSFT)$

BTC has to hold current levels, otherwise a fall to the lower edge of the volume base would be very likely.The bullish crossover between 20 and 50DMA better materializes its effect on price as soon as possible.Needless to say the implications of losing the current volume base, but for now let's focus on the top of the base where price is today and from where it has been rejected since March. $Invesco QQQ(QQQ)$ $E-mini S&P 500 - main 2406(ESmain)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ Imagehttps://x.com/SmartReversals/status/1794898088617730482

$Tesla Motors(TSLA)$ Price moving between 50 and 100 daily moving averages, similar to November 2023.Back then price action filled a gap down, today it filled a recent gap up.50DMA is close to another S/R level, that confluence better holds and create a bounce above 100 DMA and other levels shared in the Weekly Compass.Also similar to last time, there is a bullish 20 & 50DMA bullish crossover, adding bullishness to the chart.Price action has to demonstrate a change in the trend.Imagehttps://x.com/SmartReversals/status/1795071667590308017

$USD Index(USDindex.FOREX)$ on the Cusp: Seasonality Coming in April? (Overbought & Indecision) So far, the seasonality has worked out for $DXY in 2024, rallying between January and March. April is typically a month for the USD to decline, wether if the trend is analyzed from 1970 or from 1999.Image

There are significant probabilities that a reversal has been triggered and a local top is in. $NVIDIA Corp(NVDA)$ shows a reversal candle validated by high volume, above the Bollinger Band and RSI is Overbought.RSI may be a joke for Nvidia, but not the bands, last time (March 8th) it moved price down. $S&P 500(.SPX)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $iShares Russell 2000 ETF(IWM)$ Imagehttps://x.com/SmartReversals/status/1793739160064327913

Fundamental analysis is extremely important, since December I've posted that $NVIDIA Corp(NVDA)$ P/E ratio is not the highest in the $S&P 500(.SPX)$ . $Advanced Micro Devices(AMD)$ actually is much higher.Let's recall three aspects from the Earnings Report:1) Record quarterly revenue of $22.1 billion, up 22% from Q3, up 265% from year ago2) Record quarterly Data Center revenue of $18.4 billion, up 27% from Q3, up 409% from year ago3) Record full-year revenue of $60.9 billion, up 126%Revenue growth indicates a company's ability to:Increase Sales: A company's top line (revenue) reflects its ability to generate sales. Growing revenue suggests the company is captu

1. $Tesla Motors(TSLA)$ Bullish signs brought by the recent crossover between 20 and 50DMA, price holding above $173.6; the potential bullish crossovers in Stochastic and ROC appear imminent.Image2. $GameStop(GME)$ Would you buy this chart?Asking for a friend.The Money Flow Index indicates many people jumped in.Will this time be different than 2021?Do technicals or Fundamentals matter?Imagehttps://x.com/SmartReversals/status/1791967453993377898

The $S&P 500(.SPX)$ recently was 11% above its 125-day moving average (MA), that's a significant component of the Fear and Greed Index. However, a historical perspective offers some context. While not the highest on record (September 2020 saw 19% and May 2021 reached 11.5%), it is noteworthy. Historically, such overextensions have often led to a "visit" to the 125-day MA, a potential correction. However, there have also been instances where the 50-day MA served as a temporary bounce point (marked by green arrows) before the rally resumed to new highs with a lower degree of overextension and a subsequent visit to the 125-day MA at a higher price point. Given current technicals, supportive breadth indicators, and a RSI below 50 (similar to the p

Hard to visualize +13% After Hours vanishing tomorrow for $Tesla Motors(TSLA)$ Worth noting: It will open a gap, and #Tesla has closed them all during the recent months.Yes, there are gaps above as well.$156 is the new support to watch.If the bottom is in (I hope so, but gaps are usually filled), the target shared in Newsletter since a couple of weeks ago, was just $5 below the current one 🎯https://twitter.com/SmartReversals/status/1782931588252160113

April Presented a Record Monthly Increase in FMS Commodities Allocation(FMS = Food Management System)A significant inflow to commodities can have various implications and effects on different sectors and asset classes. Here are some key points to consider:1. Commodities as an Asset Class: Commodities are raw materials or primary agricultural products that can be bought and sold. When there is a significant inflow of investment into commodities, it could indicate investors' interest in diversifying their portfolios beyond traditional stocks and bonds. This influx of capital can drive up commodity prices and influence supply and demand dynamics in the commodity markets.2. Inflation Hedge: Commodities are often viewed as a hedge against inflation. A significant inflow to commodities during ti

As expected yesterday, $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ price action had bullish continuation today, and $5215 is in a better position to be a stronger support.Fast oscillators (Stochastic and Williams%R) have been invalidated, now it's time to use RSI, which closed today at 69.3, nearing overbought levels.Price action ideally should take it easy for the bullish continuation, so the Bollinger high is not crossed. In the recent past, sooner or later, crossing the higher band has sent the price to the 20DMA at least.That said, it's worth noting that 20DMA sits today at $5120.I have emphasized during all this year that $4600 is not a scenario, my recent expectation for a soft pullback did

The 7th attempt was the charm The $S&P 500(.SPX)$ 's breakout today has fueled the rally and appears to be solidifying $5,110 as a key support level for the rest of the year. The consolidation expected is reminiscent of past instances where the index crossed the Bollinger Bands in a significant proportion of the daily candle. Here's the good news: the resistance at $5,190 has flipped and is now acting as support. Adding to the bullish sentiment, the oscillator's crossover provides further confirmation, and the MACD's attempt at a bullish crossover aims to seal the deal. The next target would be $5,277 if $5,190 holds during the week. This level can serve as a reference point for a stop-loss order, making it a more strategic option compared to

4th visit to the 50-Daily MA zone in the last 5 trading days. Too much weight in one line, curving with the price action of the last 2 weeks. $434 is a confluence zone of levels. It should generate a bounce; otherwise, the $428-$425 zone will welcome the price. Circled in the chart, previous failed attempts to flip oscillator. $Cboe Volatility Index(VIX)$ $Destiny Tech100 Inc(DXYZ)$ $NASDAQ 100(NDX)$ Image

Since January, long before launching my site, I anticipated the relevance of $39,835 as a turbulence zone for $DJIA(.DJI)$ .Is the most diversified index saying something?This index hasn't directly benefited from the $NVIDIA Corp(NVDA)$ surge.Image The complete analysis was published yesterday for this and other indexes.Since $NASDAQ 100(NDX)$ closed in a confluence of two resistance levels, and Dow Jones presented a very weak Friday, the healthy pullback thesis is still on.Market breadth deteriorated as anticipated last week, is that meaningful with the current setups? $S&P 500(.SPX)$

$Apple(AAPL)$ jumped above the Bollinger Band recently and came back below it.Jumping the band usually sends price down to 20DMA at least, was this an obvious short?No, it held $184.9 and jumped above it.It's been a long time since RSI was above 70, but there are no obvious reversal warnings, so remember the key S/R level mentioned since Monday for everyone in bio.Trading is about levels, no matter the bias.Image192 is a reasonable target, and 195 a stronger resistance that will start moving up since next week.https://twitter.com/SmartReversals/status/1790866008984387953