SmartReversals

I care about helping you navigate this market. Nowadays, it's all about permabears & permabulls, I use technical indicators with objectivity. God First.

    • SmartReversalsSmartReversals
      ·01-28 10:44

      ORCL Breakout Triggered: First Bullish Target Hit

      $Oracle(ORCL)$ : Price action suggests a breakout is now in play. The first bullish target for the week (posted in the premium chat) has already been reached. Get the key levels for monitoring continued momentum. Link in my bio. $NASDAQ 100(NDX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ Ethereum: Make or break - A bounce is very probable here considering the breach of the lower Bollinger band, and the oversold Stochastic. Spikes have followed as highlighted. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as w
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      ORCL Breakout Triggered: First Bullish Target Hit
    • SmartReversalsSmartReversals
      ·01-27 17:26

      $SPX Rallies $ORCL Breaks Out & $META Eyes $660

      1. $S&P 500(.SPX)$Positive resolution following two days of consolidation. The ideal completion of this move would be a test of the upper Bollinger Band, synchronized with an overbought Stochastic, mirroring the recent price action highlighted. 2. $Oracle(ORCL)$Price action suggests a breakout is now in play. The first bullish target for the week (posted in the premium chat) has already been reached.Get the key levels for monitoring continued momentum. Link in my bio. 3. $Meta Platforms, Inc.(META)$META bounced toward the critical $660 monthly zone. With a gap below at $618.2 and above at $741, the daily oscillator isn't overbought, leaving room for bullish c
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      $SPX Rallies $ORCL Breaks Out & $META Eyes $660
    • SmartReversalsSmartReversals
      ·01-26

      SPY at 20DMA, AVGO Bearish but Bounce Possible

      1. $SPDR S&P 500 ETF Trust(SPY)$ The diagonal trendline was breached, confirming the MACD crossover posted last week. After bouncing from short-term oversold conditions on Wednesday, the price filled the 'bullish' gap and is now at the 20DMA with two indecisive candles. $685 will be decisive next week. 2. $Broadcom(AVGO)$ The series of lower highs and higher lows had a bearish resolution. However, see that dragonfly at the very edge of the volume shelf. Don't rule out a bounce. $VanEck Semiconductor ETF(SMH)$ $NASDAQ 100(NDX)$ For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SG
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      SPY at 20DMA, AVGO Bearish but Bounce Possible
    • SmartReversalsSmartReversals
      ·01-25

      Navigating Earnings Waters - Week Ahead

      U.S. stocks concluded a very volatile week with divergent performance, as strength in mega-cap technology shares counterbalanced broad-based weakness elsewhere. The S&P 500 $S&P 500(.SPX)$ finished -0.35% for the week, the Nasdaq Composite $NASDAQ(.IXIC)$ gained 0.3% for the week, and the Dow Jones Industrial Average $Dow Jones(.DJI)$ retreated 0.6%. Investor sentiment remains anchored in neutral territory, with the Fear & Greed Index reading 52. The bearish move anticipated last week played out exactly as expected. The $NASDAQ 100(NDX)$ hit its 20-week moving average with a -2.3% move, the
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      Navigating Earnings Waters - Week Ahead
    • SmartReversalsSmartReversals
      ·01-25

      NVDA Tests $185 as AAPL Nears Oversold Bounce

      1. $NVIDIA(NVDA)$ NVDA finished the week with a lower high and a shooting star. Tuesday’s selloff breached key moving averages. $185 is the key level to watch: a breach would validate the bearish star, while holding it could spark a bounce given the oversold oscillator highlighted. 2. $Apple(AAPL)$ Is the selloff a surprise? Not at all, overbought oscillators and indecisive candles warned. The price has scaled down since. Today, we have indecisive candles and oversold oscillators. Bulls will have a spike soon, the question is how sustainable it’ll be. Watching: $254. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and
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      NVDA Tests $185 as AAPL Nears Oversold Bounce
    • SmartReversalsSmartReversals
      ·01-25

      NDX Bounces, IWM Reverses — Tech Rotation?

      1. $NASDAQ 100(NDX)$ NDX breached its lower Bollinger Band, the bounce makes perfect sense considering previous occurrences highlighted, the Stochastic curling up adds a technical milestone to the setup. Price action was indecisive on Friday but it managed to close above the 20DMA, also positive 2. $iShares Russell 2000 ETF(IWM)$ Bearish reversal again. The latest price action was a clear follow-through of Thursday's shooting star. With an overbought RSI suggesting the move isn't over and a breach of the 5DMA, this looks like a very weak setup for next week. Rotation back to tech? For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on
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      NDX Bounces, IWM Reverses — Tech Rotation?
    • SmartReversalsSmartReversals
      ·01-24

      Why Risk Management Wins When Direction Gets Tough

      This past week was a key stress test for our Support and Resistance levels. It was a week characterized by a major move where the market finally reversed as anticipated in the Weekly Compass where I noted: “a breach of the $S&P 500(.SPX)$ Central Weekly Level (CWL) is the expectation” and for $NASDAQ 100(NDX)$ it was anticipated: “the 20 weekly average is the likely target”. We anticipated the bearish direction, with NDX, $Apple(AAPL)$ , and $Alphabet(GOOG)$ all hitting their respective downside targets using the levels for this week (dropping -2.3%, -6.5%, and -2.1%). While the levels were correctly forecasted for t
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      Why Risk Management Wins When Direction Gets Tough
    • SmartReversalsSmartReversals
      ·01-23

      SPX bullish above 6937 confirms recovery

      $S&P 500(.SPX)$ Bullish continuation as the setup suggested, including the volatility. To confirm the recovery and eliminate the possibility of just a gap fill move, it’s important to overcome the level of $6,937 so bullish continuation can be considered for next week. As I said yesterday: The pattern is repeating: Breach of the lower band + Oversold oscillator. This bounce has lead to choppy price action in the days ahead. The rejection at the 20DMA suggests so, but the recovery of $6,836 is an encouraging sign. Mentioned yesterday: "most of the move is in". For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
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      SPX bullish above 6937 confirms recovery
    • SmartReversalsSmartReversals
      ·01-22

      SPX Bounce Turns Choppy, QQQ Needs 610+ to Stabilize

      1. $S&P 500(.SPX)$ The pattern is repeating: Breach of the lower band + Oversold oscillator. This bounce has lead to choppy price action in the days ahead. The rejection at the 20DMA suggests so, but the recovery of $6,836 is an encouraging sign. Mentioned yesterday: "most of the move is in". 2. $Invesco QQQ(QQQ)$ 15minutes: Technicals work the same across timeframes. Price retraced as oscillators hit overbought and indecisive candles met the the upper Bollinger Band.Bulls need a close today above $610 for considering a bounce; much better $613, which just acted as resistance. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading o
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      SPX Bounce Turns Choppy, QQQ Needs 610+ to Stabilize
    • SmartReversalsSmartReversals
      ·01-21

      SPX Tests Key Support as Bears Press

      $S&P 500(.SPX)$ : Lower Bollinger Band + 50DMAMy note this morning regarding caution when chasing the selloff highlighted the strength of these two levels combined, not to mention the confluence of the weekly layer of $6,836 plus the CML at $6,837. This zone remains the primary focus today. If a bullish reversal hammer forms by the end of the day, a gap-fill attempt could follow shortly. Strong bearish conviction, the 50DMA was breached. The chart is bearish until proven otherwise. Worth noting: a) The recent candle breached the lower Bollinger Band and the W%R is oversold, similar to previous bottoms highlighted. Most of the move is likely in, but if we see bearish continuation tomorrow, the 100DMA is a strong support. For SG users only, Welc
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      SPX Tests Key Support as Bears Press
       
       
       
       

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