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
      ·07-20 07:44

      Overbought Market Fueled by Economic News

      Economic data released this week has been largely positive. Headline Consumer Price Index (CPI) aligned with expectations, while Core CPI came in slightly softer. A notable concern was the rise in goods inflation, which, without the decline in auto prices, would have shown a significant surge in June. Future inflation data, particularly next month's readings, will be crucial in determining any material impact from tariffs. Producer Price Index (PPI) figures also came in softer than expected, with economists universally missing the mark. While health services inflation remains sticky, a significant decline in airfare within the PPI components contributed to the overall softer report.The July Philadelphia FED data provided a positive signal, with the Manufacturing Index surging to +15.9 (ver
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      Overbought Market Fueled by Economic News
    • SmartReversalsSmartReversals
      ·07-20 07:42

      DJI - Any potential bullish move will be likely

      Last week, I outlined a bearish picture for the Dow Jones Industrial Average $Dow Jones(.DJI)$ . The analysis was based on the index showing a decline from the $44,800 resistance area while the Stochastic oscillator was in overbought territory.To validate this bearish view, $44,445 was the key reference level; staying below it would confirm downside momentum. My first support target was set at $44,086, which held until Tuesday.On Wednesday, however, the price flushed lower, breaking that initial support and reaching our next target at $43,802. The actual low of the week was $43,758—a minimal percentage difference. Although the price bounced from that low, it failed to reclaim the critical $44,445 level, indicating that momentum has not yet shifted
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      DJI - Any potential bullish move will be likely
    • SmartReversalsSmartReversals
      ·07-20 07:40

      GOOG - $179 will be key

      $Alphabet(GOOG)$ $Alphabet(GOOGL)$ : Looks like the price wants to breach the upper Bollinger band before a pullback, unless the latest indecisive candle set a momentary top within an uptrend.$179 will be key, the complete analysis has been posted in the latest publication. Access in my bio or type the url.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.💰Join the TB Contra Telegram Group to Get $10 Tra
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      GOOG - $179 will be key
    • SmartReversalsSmartReversals
      ·07-20 07:38

      QQQ: The price is overheated

      $Invesco QQQ(QQQ)$ : The price is overheated, all MACD, RSI, Stochastic and the oscillator you choose is overbought, but it's July; this type of overextensions occurred in both 2023 and 2024, before the technicals were reset in August. My expectation for a pullback starting July was to the volume shelf "B", today there is a new one formed during the last weeks.The pullback will come, there is no doubt, the question is which shelf will provide support? - The Specific price levels to watch were posted yesterday (link in my profile).ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here
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      QQQ: The price is overheated
    • SmartReversalsSmartReversals
      ·07-20 07:38

      AAPL - Will the upcoming earnings report be the catalyst?

      $Apple(AAPL)$ : The stock is slowly grinding upwards but currently lacks bullish conviction and did not overcome the key weekly resistance at $211.This sideways movement, however, could be constructive as the price appears to be building a new support base. This base could serve as a launchpad for an eventual move toward the 200DMA. Will the upcoming earnings report be the catalyst?For now, the 20DMA is carrying the trend and the price is not overbought.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free tr
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      AAPL - Will the upcoming earnings report be the catalyst?
    • SmartReversalsSmartReversals
      ·07-19 07:25

      SPY - A healthy pullback does not extend beyond the $600 level

      $SPDR S&P 500 ETF Trust(SPY)$ : My expectation for a healthy pullback does not extend beyond the $600 level. This is a major support zone defined by the second volume shelf in the chart, which currently aligns with the 50-day moving average (50DMA). However, any initial decline should be defended by the current, upper volume shelf, which is confluent with the 20DMA.While a bearish RSI divergence remains a significant condition, the market's momentum has been strong (consistent with bullish signals studied). This reinforces the principle that momentum continues until a key level is definitively breached.A key resistance level we anticipated last week has now been reached. If a healthy consolidation is beginning, $617 should act as a valid initia
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      SPY - A healthy pullback does not extend beyond the $600 level
    • SmartReversalsSmartReversals
      ·07-18 08:14

      SPX, SPY, NDX Under Pressure

      1.Both the $S&P 500(.SPX)$ and $NASDAQ 100(NDX)$ show an interesting pattern in the 2hours chart. Will this time be different?The latest publication analyzes scalping tactics in short timeframes. For the educational content use the link in my bio⬆️.Image2. $SPDR S&P 500 ETF Trust(SPY)$ - Volume Shelf as a Launchpad: The bearish engulfing candle seems invalidated in a choppy week that is finding bullish resolution.The chart suggests continuation, and the over extension in this bull market suggests caution if a doji is printed in the daily or 4H charts.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD
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      SPX, SPY, NDX Under Pressure
    • SmartReversalsSmartReversals
      ·07-18 08:12

      Will QQQ downside volume gap finally be filled?

      $Invesco QQQ(QQQ)$ : Big tech continues to build a constructive support base (oval). However, this is occurring while the RSI and MACD remain overbought and recent price action shows clear indecision (black arrows). This sets up the key question for today: Will the downside volume gap finally be filled? (yellow arrow)ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
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      Will QQQ downside volume gap finally be filled?
    • SmartReversalsSmartReversals
      ·07-18 08:09

      NVDA & NFLX Will Surge Upward

      1. $NVIDIA(NVDA)$ Consecutive Indecisive Candles:Price action at the upper Bollinger band + RSI above 70 + gap open + Previous series of indecisive candles.What's next? Red case or green case?Image2. $Netflix(NFLX)$ Earnings beat as revenue grows 16% in second quarter, the bullish Stochastic crossover is promising, but the 2DMA must be recovered to consider bullish continuation. ➡️The earnings beat + technical decline suggest this is a healthy pullback.Will this happen with the Mag7? (ER beat + pullback)ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
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      NVDA & NFLX Will Surge Upward
    • SmartReversalsSmartReversals
      ·07-17

      SPX: Support Found After Bearish Engulfing, Bulls Strengthen

      $S&P 500(.SPX)$ : After a reasonable downside continuation from yesterday's bearish engulfing candle, the price found support and bounced today (breaching $6,210 for a moment - a support shared to subs last Friday).This consolidation is occurring on top of the current volume shelf, which is a constructive development for the bulls as it strengthens this support area.As mentioned yesterday, a close above the high of that bearish engulfing candle is required to invalidate the signal.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up t
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      SPX: Support Found After Bearish Engulfing, Bulls Strengthen
       
       
       
       

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