$.SPX(.SPX)$ - Bullish Engulfing Candle: The bounce looks solid, the 4 hours timeframe is neutral. Continuation is likely.The key element to watch is the $Cboe Volatility Index(VIX)$ , it jumped +4.94% and also suggests continuation. $NVIDIA Corp(NVDA)$ will dictate the direction of the next leg.The bullish setup with that Volatility is not clean.Image $.DJI(.DJI)$ : The dragonfly candle bouncing from the 20DMA is bullish, however the gap below and oscillator trending down are reasons to be cautious. Bullish confirmation is needed.As mentioned yesterday, the VIX is also an element to be careful about.Image
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$SPX - Bullish Engulfing Candle
$SPX - Bullish Engulfing Candle
$NVDA - The initial reaction to Earnings Report is Bearish
$NVIDIA Corp(NVDA)$ - The initial reaction to Earnings Report is Bearish, there is a bearish MACD cross so a pullback is likely.However: Nvidia beat expectations for sales and earnings, while delivering a better-than-expected forecast for the current quarter. Revenue is rising 94% YoY.Fundamentals are keyImage $.SPX(.SPX)$ A Gap Fill is BrewingThe initial reaction to NVDA's earnings report is bearish, and the bearish MACD crossover printed in the SP500 suggest a gap fill is likely to occur.The 20DMA acted as support during four days in a row, let's see if the fifth is the charm tomorrow.Image
$NVDA - The initial reaction to Earnings Report is Bearish
$TSLA - Consolidation Process in Play
$Tesla Motors(TSLA)$ - 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
$TSLA - Consolidation Process in Play
A decline $XLU can be seen as somewhat bullish for the $SPX
A decline in utilities $Utilities Select Sector SPDR Fund(XLU)$ can be seen as somewhat bullish for the $.SPX(.SPX)$ , depending on the broader economic context.Utilities are generally considered defensive stocks, meaning they tend to perform well during economic downturns. A decline in this sector may indicate that investors are more optimistic about the economy, shifting their focus to more cyclical sectors like technology and consumer discretionary. However, if the decline is due to rising interest rates or other negative factors, it could signal underlying economic troubles.Image
A decline $XLU can be seen as somewhat bullish for the $SPX
$NVDA - Potential Bullish Reversal Candle
$NVIDIA Corp(NVDA)$ - Potential Bullish Reversal CandleThe loss of the 20DMA is not good news, the oscillator is trending down and the Bollinger is curling down.$138 is the line in the sand to avoid a visit to the lower band.Image $Invesco QQQ(QQQ)$ - 4 Hours is the Only Bullish TimeframeDuring the last days price has moved up once the oscillator sets a bullish crossover in oversold zone. It happened today. Image $Utilities Select Sector SPDR Fund(XLU)$ : Utilities had a weekly outflow of more than $1 Billion, the largest in a decade.Is this bullish or bearish? Gifs are welcome.Image
$NVDA - Potential Bullish Reversal Candle
$SPX - Will the bounce come at the 20DMA?
$.SPX(.SPX)$ - Every rejection from the higher Bollinger band has sent price down to the lower one, or to the 20DMA. Will the bounce come at the 20DMA?The Gap is likely to act as a magnet, and the oscillator is far from oversold (different from most of bounces). The key level to recover was analyzed today in the publication for everyone, access trough link in profile⬆️.Next support if 20DMA is list: The 50DMA, nowadays it has has been decorative. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$
$SPX - Will the bounce come at the 20DMA?
$SPX $DJI & $QQQ - Neutrality Between Fear and Greed
1. $.SPX(.SPX)$ - Neutrality Between Fear and GreedBearish continuation is very likely as the daily chart suggests. There is still Greed in the Put/Call Options and Market Momentum is not completely reset.Image2. $.DJI(.DJI)$ : Gap = MagnetThe godfather of the indexes presents a bearish Stochastic crossover after price retraced from the Bollinger band. The move aims at the lower band.Probably something... despite the latest potential bullish candle.Image3. $Invesco QQQ(QQQ)$ - Doji + Williams%R indicate a Potential Reversal, on the other side the bearish MACD cross and the loss of the 50MA suggest otherwise. The isolated price action sets a bearish island instead
$SPX $DJI & $QQQ - Neutrality Between Fear and Greed
$AMD & $META - 50DMA is Lost
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
$AMD & $META - 50DMA is Lost
$SPX: Record inflow to U.S. large cap equities funds
1. $.SPX(.SPX)$ : Record inflow to U.S. large cap equities funds.Contrarian indicator?Is the dip over and the indexes are heading to the moon? $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ $NASDAQ 100(NDX)$ $.IXIC(.IXIC)$ $Vanguard Total Stock Market ETF(VTI)$ Image2. $iShares Russell 2000 ETF(IWM)$ - My Warning Last Week - The Chart TodayMost of the gap has been filled, as it had recently happened when the Bollinger bands are breached.Back then, a very risky point to buy longs.The oscillator says the move is not complete.Image3.
$SPX: Record inflow to U.S. large cap equities funds
$NVDA - Will the 20DMA Support Price Again?
$NVIDIA Corp(NVDA)$ - Will the 20DMA Support Price Again?There is a clear sequence of higher lows, the initial bounces occurred at the lower Bollinger band, the next three at the 20DMA zone. The difference today is the oscillator just starting its decline⚠️.Will that 20DMA hold the entire market? Check the previous posts for $.SPX(.SPX)$ and $Invesco QQQ(QQQ)$ 💚.Image $.SPX(.SPX)$ - 20DMA or Lower Bollinger Band?As anticipated last week, once the higher Bollinger band is breached, there is an inverse reaction; it started in slow-motion, and then it accelerated as it happens with overextensions. All eyes on the 20DMA, if b
$NVDA - Will the 20DMA Support Price Again?
$QQQ - Pain Ahead Guaranteed?
$Invesco QQQ(QQQ)$ - 20DMA Breached by a Bearish Candle Validated by Volume - Pain Ahead Guaranteed?Same as $.SPX(.SPX)$ , big tech is coming to the Bollinger range (see previous chart) but the the 50DMA zone has acted as support here. The oscillator says the direction is southbound, but there is a timeframe that suggests for $SPDR S&P 500 ETF Trust(SPY)$ and QQQ: "Don't Short Blindly with leverage or instruments with quickly meltdown" 150 likes💚for SPY, 40 reposts for QQQ, if both happen I chart the two of them.(Last weekend the bearish warnings came true)Image
$QQQ - Pain Ahead Guaranteed?
$SPX - 20DMA or Lower Bollinger Band?
$.SPX(.SPX)$ - 20DMA or Lower Bollinger Band?As anticipated last week, once the higher Bollinger band is breached, there is an inverse reaction; it started in slow-motion, and then it accelerated as it happens with overextensions. All eyes on the 20DMA, if breached, the lower Bollinger band is the next destination. (The 50DMA has been only decorative during the last months)The oscillator suggests the move has not finished, and the daily candle is bearish.Many charts during the weekend with enthusiasm considering the weekly candle, the comparison with others was technically incorrect. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
$SPX - 20DMA or Lower Bollinger Band?
SPX, QQQ & IWM: Getting Ready to Fill the Big gap
1. $.SPX(.SPX)$ - Getting Ready to Fill the First GapThe bearish crossover in the Stochastic and the complacency level in the put/call ratio warned well about today’s decline.Continuation is very likely, the daily candle is bearish, and the $Cboe Volatility Index(VIX)$ is bouncy.2. $Invesco QQQ(QQQ)$ - Getting Ready to Fill the First GapThe evening star mentioned last week has been validated in slow-motion. The minimum destination for this pullback is the 10DMA, considering the breach to the 5DMA.Image3. $iShares Russell 2000 ETF(IWM)$ : Getting Ready to Fill the Big gapCan the 10DMA act as support activating a bounce? Sure
SPX, QQQ & IWM: Getting Ready to Fill the Big gap
Is this a rock solid rule? The Put/Call ratio indicates
The Put/Call ratio indicates a higher number of call options traded relative to put options. When it reaches extreme levels it acts aa a contrarian indicator, some events are highlighted in the chart.The current level is comparable to July’s.Is this a rock solid rule? No, but it is what I mentioned in yesterday’s $.SPX(.SPX)$ post about this bearish signal. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ ImageSPX - Retest of the 5DMA + Bearish Cross in StochasticAt this point the indecisive candle precedes a fall, which it is the most likely scenario There is a contrarian indicator thoug
Is this a rock solid rule? The Put/Call ratio indicates
$PLTR & $SNAP - The rally has been parabolic
1. $Palantir Technologies Inc.(PLTR)$ was recently listed in the $.SPX(.SPX)$ : The rally has been parabolic. Is that sustainable?Technically: The chart is quite overheated, and the evening star above the weekly Bollinger band has been a consolidation signal.Fundamentally: The analysis is in the latest publication, get access in my profile's link⬆️This is technically comparable with $NVIDIA Corp(NVDA)$ , is it the case at fundamental level as well? Image2. $Snap Inc(SNAP)$ - Why this capture my attention for a Fundamental analysis?Just look at those swings in the weekly chart: A partially managed long/short approach stud
$PLTR & $SNAP - The rally has been parabolic
$SPX - Retest of the 5DMA + Bearish Cross in Stochastic
$.SPX(.SPX)$ - Retest of the 5DMA + Bearish Cross in Stochastic: At this point the indecisive candle precedes a fall, which it is the most likely scenario for tomorrow.There is a contrarian indicator though, the Put/Call Ratio is too bearish. For that reason a wait and see approach is valid. $5957 is the key level that must be defended by bulls tomorrow. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ ImageSo the note about Put/Call ratio refers to the fact that the indicator is quite low, and it is usually a contrarian indicator.
$SPX - Retest of the 5DMA + Bearish Cross in Stochastic
$NVDA - All eyes at the 5 Daily Moving Average
1. $NVIDIA Corp(NVDA)$ - All eyes at the 5 Daily Moving Average Not a market to short, but conditions are rising caution flags. The bearish crossover in Stochastic is something to watch with caution. $AAPL and $MSFT falling are the other major giants to watch.Image2. $.SPX(.SPX)$ - The decline was supported by the 5DMA, so far nothing has happened in terms of short term uptrend.Anyway be mindful about the bearish Stochastic crossover and the usual visit to the next moving average when the 5DMA is breached. The 10DMA is the closest at $5,862.Image3. $iShares Russell 2000 ETF(IWM)$ - Bearish Crossover in Stochastic: Probable nothing, unless the usual pullback announ
$NVDA - All eyes at the 5 Daily Moving Average
$NVDA - All eyes at the 5 Daily Moving Average
$NVIDIA Corp(NVDA)$ - All eyes at the 5 Daily Moving AverageNot a market to short, but conditions are rising caution flags. The bearish crossover in Stochastic is something to watch with caution. $Apple(AAPL)$ and $Microsoft(MSFT)$ falling are the other major giants to watch. $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Na
$NVDA - All eyes at the 5 Daily Moving Average
$QQQ - Indecision candle and volume is showing exhaustion
$Invesco QQQ(QQQ)$ - Indecision candle and volume is showing exhaustion: Bollinger, candle, and Stochastic are quite similar to the previous post for $.SPX(.SPX)$ : This is not a market to short, but it is a market to manage riskThe key levels to watch for QQQ and $SPDR S&P 500 ETF Trust(SPY)$ are open for everyone through the link in bio with a complete paper raising awareness about the $Cboe Volatility Index(VIX)$ CPCE, Momentum and the weekly chart for SPX. It is open, just click⤴️.Image
$QQQ - Indecision candle and volume is showing exhaustion
$SPX - Indecision Candle - RSI Nearing 70
$.SPX(.SPX)$ - Indecision Candle - RSI Nearing 70Can the market continue moving up? sure, but be mindful of several conditions that were presented for everyone in the latest free publication (link in profile⤴️).The red circles highlight moves after reaching the higher Bollinger band, and the oscillator curling down at overbought zone suggests caution. The key level to watch for $SPDR S&P 500 ETF Trust(SPY)$ and $Invesco QQQ(QQQ)$ is open for you: link in profile⤴️.Make sure to enlist for future free publications.Image
$SPX - Indecision Candle - RSI Nearing 70
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