$S&P 500(.SPX)$ 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. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$

Russell2000 $iShares Russell 2000 ETF(IWM)$ confirmed a base breakout above $2133-$2100.It indicates potential upside beyond resistances at approximately $2288 and $2350-$2360, as well as surpassing the late 2021 peak of $2459, towards the upper target of $2620. The surge in RTY stocks reaching new 52-week highs suggests that the RTY is likely to sustain this upward breakout. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini Russell 2000 - main 2409(RTYmain)$ Imagehttps://x.com/SmartReversals/status/1816825688319508664

$S&P 500(.SPX)$ - Daily Chart:Promising move, the inverted hammer had validation, since today’s opening was above the previous day’s body.50DMA was recovered, and Williams%R is showing a move comparable with the last bottom.There are two pending checkpoints: Jumping above the 5DMA, which is still governing the very short term trend, and triggering a bullish crossover in Stochastic.Today’s candle was not an example of conviction, but is not bearish either; and volume was high.$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$Imagehttps://x.com/SmartReversals/status/1816929818224582709

$Palantir Technologies Inc.(PLTR)$ - Exhaustion Signals: Reversal candles like dojis or shooting stars crossing or at the higher Bollinger band have been followed by a pullback. The setup strengthens with RSI above or close to 70. The latest weekly candle is a hanging man overbought relative to the bands and RSI. Previously 20 weekly average has been the deepest support, in mild cases the 10MA. Like if interested in the monthly setup💚 $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $.SPX(.SPX)$ Image

$NVIDIA Corp(NVDA)$ - Daily Chart:Two positive factors in the middle of this crash:1) The gap was finally closed2) There is a bullish divergenceOf course, it is very EARLY, and there are more than 4 hours to consider this chart closed. But if it is the case, there would be a third bullish factor which is the candle itself, an extreme reversal setup. Check the bottom of the 2022 bear market.But the day has to end like this, or even better, to continue seeing this as a buying possibility.Imagehttps://x.com/SmartReversals/status/1820480630833967298

$USD Index(USDindex.FOREX)$ 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

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

$S&P 500(.SPX)$ Price action is suggesting a horizontal entrance to the Bollinger range, today's first step held above $5409, a S/R level.As long as $Cboe Volatility Index(VIX)$ continues below its 20DMA, the consolidation can be horizontal, even with a hot RSI (see previous occurrences). Needless to say that $5409 has to remain as support for SPX.CPI injected fuel to the rally, in my previous post I indicated the access to a publication for everyone (free) related to inflation and interest rates.Like and repost for more open for everyone publications. $NASDAQ 100(NDX)$ $iShares Russell 2000 ETF(IWM)$

1. $Advanced Micro Devices(AMD)$ - That Candle Better Confirms a Morning StarOscillator is curling in oversold zone and the candle has volume validation. The Bollinger Band looks more like a slider than a support.Hope above $133, bearish continuation below it.Image2. $Meta Platforms, Inc.(META)$ - 50DMA is LostThe bearish candle has volume validation and the Stochastic suggests the move is not complete. The Bollinger band may mitigate the continuation. A good case scenario upcoming is a doji candle before any bullish reversal.The volume behind this move makes the downside look convincing. Time will tell.Image

$S&P 500(.SPX)$ A big move coming is likely, price closed at the very edge (Point of Control) of the current volume shelf.RSI at 71 is considered overbought, the candle is not a reversal one, so any breakout or breakdown just need the right catalyst.5DMA was recovered, which is good, but that moving average is flat.There are few factors suggesting direction in the daily chart, the weekly suggests a top and that timeframe will be closed tomorrow at 4PM EST. $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ Imagehttps://x.com/SmartReversals/status/1806422633094734026

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

$S&P 500(.SPX)$ - Daily Chart:The index closed in bullish mode, there is an indecision candle in the latest 4H and 2H timeframes, a breather can come on Monday, but the Stochastic has not completed its move, lately it has made it to overbought levels.$5478 was the key level to surpass this week to validate a bullish move, the central weekly level for the week ahead has been published with the S/R levels (link in bio⬆️).There is a bullish signal triggered today by another technical indicator, that is presented for everyone in the latest publication. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ <

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

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

$Tesla Motors(TSLA)$ - Consolidation Process in PlayThe short term trend is intact from the 5DMA perspective, and there is a potential bearish divergence with the RSI. This looks as a healthy consolidation.Get access to a comprehensive fundamental analysis for Tesla, $Ferrari NV(RACE)$ and $General Motors(GM)$ through the link in my profile⬆️. If the market is to pullback, the context behind the charts help to make better decisions.The U.S. automotive industry is undergoing a significant transformation. Major automakers are investing heavily in EV technology.Image

$Tesla Motors(TSLA)$ During the last two weeks I mentioned that a breakout was the most possible outcome for the Bollinger squeeze. Subs know why.After a decent rally, Tesla set a daily shooting star on Friday, with overbought Stochastic and above the higher Bollinger band.20DMA is the usual reaction.Click in bio for more references of the key lines to watch. $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2409(NQmain)$ $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ Imagehttps://x.com/S