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

The market just showed how fast a good headline can turn. $Meta Platforms, Inc.(META)$ printed revenue growth strong enough to send the stock higher after hours, and yesterday for few hours it looked like a solid move, actually there was not a bearish print in the indices, they just didn’t show conviction at the close yesterday. The reaction faded based on META’s spending plan, with CapEx running at a pace that changes the free cash flow math. $Tesla Motors(TSLA)$ had a bearish reversal for the opposite reason, it cut its CapEx guide and the market read that as a delay in the AI buildout. I wrote yesterday that earnings reactions often print fake moves at first (mostly for TSLA and META), these two follow

Choppy price action continues. This morning, the $S&P 500(.SPX)$ recovered the anticipated central daily level (CDL) of 7,702, suggesting bullish continuation, with 7,748 serving as a second resistance line shared in advance in this publication. The market received a fuel injection after the U.S. president stated that progress was being made in diplomatic talks to extend a ceasefire and reopen the Strait of Hormuz shipping route, turning red futures green during the session. Once again, the rally vanished. The moment price touched 7,748, the elevator down began, giving back half of the daily gains and printing another indecisive candle. The anticipated choppy week is playing out. There are weeks when we see conviction, and others defined by in

As mentioned in the Weekly Compass last Saturday, when social media was flooded with posts about a potential black Monday, the $S&P 500(.SPX)$ and technology, mostly driven by semiconductors ( $VanEck Semiconductor ETF(SMH)$ ), was primed for a bounce given the technical conditions outlined in the publication. Today's move is not surprising, and we will analyze what criteria must be considered to increase the probability of continuation following the bounce. Now that the bounce has materialized, the prevailing question is: Is the bottom in? However, we should perhaps rephrase the question: Is the sector rotation over? That consideration is driven by the divergences we have witnessed over recent days, w