$Tesla Motors(TSLA)$ 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

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

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? $S&P 500(.SPX)$

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

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

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 $NASDAQ 100(NDX)$ . $Apple(AAPL)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Amazon.com(AMZN)$ $Microsoft(MSFT)$

$iShares Russell 2000 ETF(IWM)$ Bearish MACD crossover is imminent, which is usually meaningful for Small Caps.Volume is drying, signaling exhaustion.Friday's daily volume was low for a potential reversal candle.Not everything is negative, 50DMA is the line of defense to watch and a volume at price base is in construction, the bullish crossover between 20 and 50DMA is constructive, suggesting a short lived pullback.All eyes at $202👀 $Micro E-mini Russell 2000 - main 2406(MRTYmain)$ $VanEck Semiconductor ETF(SMH)$ $SUPER MICRO COMPUTER INC(SMCI)$ $SPDR S&P 500 ETF Trust(SPY)$<

Two pullbacks were quickly bought during the week. Price action has been choppy, $NASDAQ 100(NDX)$ and $Spenda Ltd(SPX.AU)$ closed the week at annual Resistance Levels. Did $NVIDIA Corp(NVDA)$ save the week? Is that sustainable?“The Compass at the Top”Two weeks ago Small Caps closed with a candle that suggested a top, then the week after $GameStop(GME)$ came to the rescue and the red weekly candle came up for $iShares Russell 2000 ETF(IWM)$ until this week. Is NVDA the same case for SPX and NDX?DXY, TNX and $Cboe Volatility Index(VIX)$ bo

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 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

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

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

Since last week, I've been highlighting the divergence between the $S&P 500(.SPX)$ price and the McClellan Oscillator. The Oscillator's continued decline after reaching 70 and today's price action (bearish engulfing candle) suggest a local top may be in.Yesterday's post also pointed out this divergence. While I initially thought Tuesday's choppy action might resolve north due to a lack of resistance (my capitulation), the 5DMA served as a key support level if thing were to move south. The break of this line at 1:45 PM prompted me to wait for consolidation and share the updated market context at 2 PM.The recent jump in DXY (dollar index), TNX (10 yr treasury yield), and $Cboe Volatility Index(VIX)$ (vol

The initial reaction to $NVIDIA Corp(NVDA)$ 's earnings report is bullish, but not an explosion as in previous times.Watch out the higher Bollinger Band closing the day at $977.Price jumped after hours to $997 and came back to earth. The higher band has been mistreated by this bouncy guy, but last time it was crossed (March 8th) it moved price down to the lower band.My theory is that consolidation is ahead. $996 is the level that is expected to set a wall as it just proved... if reached again anytime soon. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ I

$S&P 500(.SPX)$ The 5DMA was broken momentarily, but price bounced quickly maintaining the very short term active.One of the reasons I've mentioned that a healthy pullback is expected is the divergence between price action and McClellan oscillator which continues moving down after finding rejection at 70. $Cboe Volatility Index(VIX)$ bounced, consistent to the FED minutes reaction, anyway it war rejected exactly at 12.95, a key level mentioned during the weekend.The final reaction to $NVIDIA Corp(NVDA)$ earnings will confirm direction after several choppy days, that as of yesterday it suggested northbound direction. $SPDR

Price remains above the 5DMA and the Moving Averages crossover is suggesting immediate bullish resolution.As mentioned in the introduction of the latest weekend's newsletter which is open for paid and free subscribers, the $S&P 500(.SPX)$ is in bullish territory as long as it holds above $5280, same for $SPDR S&P 500 ETF Trust(SPY)$ above $526; and $Invesco QQQ(QQQ)$ above $449. Even those who are free subscribers can benefit from the free content. This week's publication for everyone is particularly insightful.It seems the price is targeting $5348. $Cboe Volatility Index(VIX)$ and other context indicators are helpi

Something to watch: $S&P 500(.SPX)$ in green zone and that is fine and beautiful, the indexes opened above the warning level. $Cboe Volatility Index(VIX)$ in also in green zone.Deep green, more than the indexes. Something to watch.If price retraces here, as it suggests, it’s better to wait for a bullish reversal candle instead of make a bet for a specific level.ImageOf course, this is a secular Bull Market.Forget about $4600 for SPX, as I’ve written since JANUARY. And $4800 is not an option either.Potential HEALTHY pullback coming, but not even to $5000.The big turbulence is still above current levels.https://x.com/SmartReversals/status/1792524919919501631

A candle that potentially suggests a short term top.Losing 5DMA, $S&P 500(.SPX)$ currently at $5292 would provide more reversal references; all oscillators are on overbought zone, the chart shows Williams%R.Why short term top?Good news for bulls, there is a bullish crossover in moving averages, 20 is back above 50.Additional note: 125DMA is the technical used by the fear and greed index, it sits today at $4960 and keeps moving up.Low volume can also be exhaustion. 5DMA is a very close level to watch before taking actions. For what is worth, there has been a 3 day chop festival. Squeeze coming. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$