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$Apple(AAPL)$ - Fifth Attempt to Breach $214 Fails➡️Today's rejection from the $214 resistance is a bearish development. This is reinforced by a new Stochastic crossover, which suggests further downside potential.➡️However, the price did find support intraday and consolidated, remaining flat throughout the afternoon session. While the daily candle suggests bearish continuation, a move down to the volume shelf will require a decisive break below the $209 support level.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 Comm
$S&P 500(.SPX)$ : Today's small retrace is a logical consequence of the recent breach of the upper Bollinger Band, an overbought RSI oscillator, and a gap opened in overheated conditions.From a trend perspective, nothing has happened; the price continues to hold above the 5DMA, which confirms the positive short-term momentum.The last time the RSI was this overbought, the subsequent pullback found support at the 20DMA, which is currently at $6,085.If the $Cboe Volatility Index(VIX)$ stays below 18, bullish continuation is likely for the index, but a visit to the 20DMA would be healthier than this move.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up t
$Invesco QQQ(QQQ)$ There is nothing wrong with the latest candle, it suggests continuation, anyway it's worth being mindful that the RSI is overbought and the small divergence can play out if the latest gap acts like a magnet. The low daily volume is related with the short trading day on Thursday, but low volume is low volume.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🎉
1. $SPDR S&P 500 ETF Trust(SPY)$ : Greed is at extreme levels, and the RSI overbought (>70), a condition that a month ago triggered a healthy pullback to the 20 daily average.If the pattern repeats, there could be a visit to the volume shelf; but don't be too bearish, that shelf has been matched not only by the 50 DMA, but also by the 200 daily moving average.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 Grou
1. $Alphabet(GOOG)$$Alphabet(GOOGL)$ - Warming Up for a Breakout?Price moves rapidly in volume gaps as the one highlighted, but first, $182 must be conquered, since that resistance has rejected the price three times already since mid-June.Image2. $Amazon.com(AMZN)$ - Upper Bollinger Breached:The last two occurrences sent the price to the 20 Daily Average, will this time be different?The divergence with the money flow index (MFI) suggests a new visit to the moving average mentioned, which today sits at $215.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
$NASDAQ 100(NDX)$ : The breakout is bullish and set a signal that as studied last Wednesday is good for the next months, and as also studied, sometimes the price triggers bullish signals before a healthy pullback occurs.For 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🎉💰CBA Mini Course 1: What is Cash Boost Account(CBA)?
The CNN Fear & Greed Index is a market sentiment tool that measures how much fear or greed is currently driving investment decisions in the U.S. Stock Market, more specifically in $S&P 500(.SPX)$.The index is often used as a contrarian indicator. The logic is that extreme fear can drive stock prices below their intrinsic value, creating buying opportunities. Conversely, extreme greed can inflate prices beyond their value, signaling that a market correction may be due.The index is a composite, equally-weighted average of seven different market indicators. Each indicator is measured on a scale from 0 to 100 relative to its own average, and then the seven are averaged together to get the final score. The definitions and how to interpret each
$S&P 500(.SPX)$ : Extreme Greed is Back:The chart highlights previous occurrences when the index was at extreme levels of greed during a bull market, and the red arrows indicate the pullbacks in the SPX.A breather after such rally is likely and healthy. "To be a big success in the stock market, you must have definite rules and a profit-and-loss plan." - William J. O'NeilImageFor 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 Tel
$Apple(AAPL)$ - Fourth Attempt to Breach $214The challenge is that the Stochastic is overbought, a condition that was present during the previous two rejections from this level. However, this breakout attempt comes after a period of consolidation on the $200 volume shelf, an area that should now provide strong support if revisited.If $214 is finally conquered, the next major resistance area to watch will be the 200DMA.Make or break? I vote for the first with potential turbulence considering the overall market conditions.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
The $SPDR S&P 500 ETF Trust(SPY)$ was in a bear market for a minute intraday back in April, not even 3 months ago.Today it’s up a clean +7% ytd.The $Invesco QQQ(QQQ)$ has done even better at +9% ytd.Annualize this and we are looking at another +14% and +18% ytd, respectively.Simply an amazing comeback. $NVIDIA(NVDA)$ : Who knows, someday a pullback will come, is this the indecisive candle announcing a well deserved breather?Worth noting the overbought and divergent RSI.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 unl