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
      ·02-07 08:34

      SPX - The green day happened after the three soldiers

      $S&P 500(.SPX)$ - The green day happened after the three soldiers, and the possibility of a reversal candle happened as well with a bounce from the $6041 zone.-3% in $Amazon.com(AMZN)$ is not for a market crash, so this may suggest more a consolidation unless the employment news confirm tomorrow the indecision at a resistance diagonal.ImageSPX is showing very weak price action, suggesting that a bearish reaction to AMZN earnings would invalidate the 3 bullish soldiers indicated yesterday.Like on December 26th.
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      SPX - The green day happened after the three soldiers
    • SmartReversalsSmartReversals
      ·02-06 07:24

      SPX - Three Soldiers Bullish Pattern

      $.SPX(.SPX)$ - Three Soldiers Bullish Pattern: Price action unfolded a bullish move during the afternoon consolidating the 20 DMA which can be used as an invalidation threshold for any fake signal as it happened at the end of December. Is this a new bullish leg? (The week is only 0.35% green) $Amazon.com(AMZN)$ will let us know. Bullish continuation tomorrow is most likely, even with a potential bounce in DXY.By dedicating time and resources to improve your skills, you not only expand your knowledge but also make yourself more profitable. Enhancing your skill set can lead to increased earning potential.Image
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      SPX - Three Soldiers Bullish Pattern
    • SmartReversalsSmartReversals
      ·02-05 08:05

      MSFT - $402 is the key level to manage risk

      $Microsoft(MSFT)$ - Posted yesterday with fundamental update: "The Bollinger band is trending down and far from being reached as in previous bounces highlighted. The Stochastic suggests the move is not complete.Key Levels: There is a lot of damage in the chart, $402 is the key level to manage risk if a long is considered. $425.5 may set some rejection or the 20DMA currently at $428."Image $Palantir Technologies Inc.(PLTR)$ - People who were long before the ER had a great ride. People who weren't and want to join the party could think twice, Palantir does not fill gaps usually, but this distance from the Bollinger high guarantees a consolidation, as it happened after February 6th 2024.There is no gravity f
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      MSFT - $402 is the key level to manage risk
    • SmartReversalsSmartReversals
      ·02-05 08:03

      SPX - Recovery of the 50DMA

      $.SPX(.SPX)$ - Recovery of the 50DMA: All good until $Alphabet(GOOG)$ $Alphabet(GOOGL)$ Earnings Report. As long as the purple line continues as support, there are chances for green continuation. Interestingly price action stopped at $6041, a level to recover to consider the bounce reliable.Yesterday in the publication I noted that the first support level could be used for risk management for longs. but in case that you missed it, price action found rejection right at the central level. Suspicious.Image
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      SPX - Recovery of the 50DMA
    • SmartReversalsSmartReversals
      ·02-04

      NFLX - The recent ER was historically strong

      $Netflix(NFLX)$ - The recent ER was historically strong, hence the resilience of Netflix even when the $SPDR S&P 500 ETF Trust(SPY)$ and $NASDAQ 100(NDX)$ were in selloff mode. The gap may be closed if the big indices fall - the bearish divergence is something to watch. Fundamental update and specific price targets were shared to everyone. Access in profile.ImageSPY - The selloff was partially mitigated, but there are three aspects to consider: 1) Price is far from the lower band, a condition before previous bounces, 2) Stochastic is also far from oversold, and 3) If price is to bounce from the 20DMA as the green arrow highlights, that blue line looks more as r
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      NFLX - The recent ER was historically strong
    • SmartReversalsSmartReversals
      ·02-03

      Patience in trading shows itself in several forms

      Patience in trading shows itself in several forms:- Letting the process progress naturally- Waiting for the best moment to enter- Permitting the trade to evolve completely- Maintaining strength during downturns- Gaining insights from your mistakesDelving into stock market history, meticulously dissecting the charted narratives of past price action, is crucial endeavor for any aspiring trader, allowing them to discern recurring patterns of boom and bust, to recognize the telltale signs of speculative bubbles inflating and subsequently imploding, and to understand the enduring role of human psychology in driving market dynamics.How will you nurture patience throughout your trading journey? $SPDR S&P 500 ETF Trust(SPY)$
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      Patience in trading shows itself in several forms
    • SmartReversalsSmartReversals
      ·02-03

      NVDA - The Chart is Bearish, but be careful with a short squeeze

      1. $NVIDIA(NVDA)$ - The Chart is Bearish, but be careful with a short squeeze, since a technical bounce may come considering the usual bounces from the Bollinger band.Stochastic is oversold, not as much as in previous selloffs, but oversold. $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $VanEck Semiconductor ETF(SMH)$ Image2. $VanEck Semiconductor ETF(SMH)$ - Rejection at the 20DMA: Some of the previous events have lead the Semiconductors ETF to a retest of the previous low. I expect the same situation before a sustainable bounce. There is a lot of technical damage, a gap fill may take a lot
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      NVDA - The Chart is Bearish, but be careful with a short squeeze
    • SmartReversalsSmartReversals
      ·02-03

      IWM - The 50DMA has rejected price action during 8 days already

      $iShares Russell 2000 ETF(IWM)$ - The 50DMA has rejected price action during 8 days already, while the 20DMA has acted as support. Which one is telling the truth? The weekly chart open for everyone last week anticipated the recent decline. Bullish signals closing the day above $229, Bearish confirmation (most likely) when $224 is breached.ImageIf we could predict that routinely ...we'd be millionaires ! its a complicated formula, as it relates to fear index as well as price change in major indices. The chart below attempts to show past moves in $Cboe Volatility Index(VIX)$ using $SPDR S&P 500 ETF Trust(SPY)$ as the index, Green shows SPY drop, Blue shows VIX ris
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      IWM - The 50DMA has rejected price action during 8 days already
    • SmartReversalsSmartReversals
      ·01-31

      SPX - $6078 continues rejecting price

      $.SPX(.SPX)$ - The 20MA in the 4 hours timeframe is carrying the bounce, and $6078 continues rejecting price.A revisit to the 20DMA is likely, especially given the typical market reaction following Powell's speeches. The triangle is about to squeeze.Image $Meta Platforms, Inc.(META)$ - Indecision candle with high volume and above the Bollinger band. Stochastic curling down in overbought zone. $Apple(AAPL)$ earnings will inject fuel to the market, but a consolidation is guaranteed for META.Image
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      SPX - $6078 continues rejecting price
    • SmartReversalsSmartReversals
      ·01-30

      SPX - A revisit to the 20DMA is likely,

      $.SPX(.SPX)$ - A revisit to the 20DMA is likely, especially given the typical market reaction following Powell's speeches. The reactions to $Meta Platforms, Inc.(META)$ $Microsoft(MSFT)$ $Tesla Motors(TSLA)$ are mixed.The $6029 level (mentioned yesterday as a key support) acted as a temporary bounce, it continues as the key level to confirm a breakdown sending price to fill the gap.Image $Meta Platforms, Inc.(META)$ : Ahead of earnings, the price has broken above the daily Bollinger Band, and the RSI is signaling overbought conditions (above 70).Sooner or later price returns to
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      SPX - A revisit to the 20DMA is likely,
       
       
       
       

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