I care about helping you navigate this market. Nowadays, it's all about permabears & permabulls, I use technical indicators with objectivity. God First.
$S&P 500(.SPX)$ : Price action lacks conviction considering the intra-day reversal. The weekly support of $6,784 now holding as resistance in confluence with the 20DMA must be recovered to validate a more compelling bounce. The fast oscillator, is looking identical to previous bottoms. The bounce on Friday recovered essential levels and the 20DMA. Price action along with the oscillator suggests bullish continuation. 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.🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility NowFind out
SPX: Lacks Conviction, 6784 Support Now Key Resistance
$S&P 500(.SPX)$ : Price action lacks conviction considering the intra-day reversal. The weekly support of $6,784 now holding as resistance in confluence with the 20DMA must be recovered to validate a more compelling bounce. The fast oscillator, is looking identical to previous bottoms. $SPDR S&P 500 ETF Trust(SPY)$$E-mini S&P 500 - main 2603(ESmain)$ The gap was filled✅, and the candle shows promising indecision.Be careful being too bearish here. 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.
From LLY to IWM: How Price Levels Define Risk and Reward
Over the past three weeks, the high probability trades have performed with a high level of accuracy. These setups always include a target price and an invalidation level which, in most cases, is the Central Weekly Level (CWL).The purpose of posting targets is to establish an objective metric based on price action. This gives you an edge in anticipating potential reversals, which is why targets are placed at these specific zones.Take this week, for example. The Weekly Compass anticipated a bullish move for $Berkshire Hathaway(BRK.B)$ , targeting $505.4 for a 1.2% upside. Price reached that level as early as Monday afternoon but retraced quickly on Tuesday. This illustrates the importance of using levels: once a target is reached, it becomes new su
$S&P 500(.SPX)$ - The bearish Stochastic crossover remains a valid thesis, and the Head and Shoulders formation is now so obvious that it must be seriously considered. While the market may open green tomorrow morning, any minor bounce must prove its strength by recovering key price levels. 7 of the last 9 bearish crossovers have set the stage for further bearish continuation. One of the exceptions was an early warning signal. The other exception happened last week; if IT was also an early signal, red continuation is likely toward 20DMA. 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.
In investing, relying on headlines or hunches is a fast track to losses. To succeed, you must replace subjective opinions with objective data. This edition focuses on the critical technical indicators that strip away the noise and reveal the true state of the market. We are moving beyond simple charts to help you understand market structure and time your entries and exits with mathematical precision.Why Simple Charts Aren’t Enough The first slide below illustrates the “naked” chart, a basic line graph. While it shows you the general direction, it fails to tell you the story behind the move. It misses the critical “when” and “where” of trading: Is the price extended? Are we hitting a concrete floor or ceiling?To trade off $S&P 500(.SPX)$ chart
SMH Heavyweights TSM & AVGO Flash Bearish Signals1. $Taiwan Semiconductor Manufacturing(TSM)$ : One of the big components of the $VanEck Semiconductor ETF(SMH)$ is showing signals of an imminent pullback, if the reversal candle has follow through, the price must find support before falling in the volume gap, where volatility usually accelerates. 2. $Broadcom(AVGO)$ Broadcom is one of the giants constantly tracked using S/R Levels. The latest candle shows bearish conviction, and the MACD crossover is concerning. 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,
The anticipated volatility outlined in last week’s Weekly Compass played out exactly as expected. Price action oscillated around the Central Weekly Levels (CWL) for major indices: $6,855 for $S&P 500(.SPX)$ , $25,559 for $NASDAQ 100(NDX)$ , $684 for $SPDR S&P 500 ETF Trust(SPY)$ , and $622 for $Invesco QQQ(QQQ)$ . We saw a breakout attempt on Wednesday following the confirmation of the rate cut, which was quickly met with a choppy Thursday. By Friday, the market reversed rapidly; a classic signature of a rate decision week.However, a divergence emerged early in the week: both the
$Invesco QQQ(QQQ)$ : Long candlesticks indicate momentum, and the latest one, combined with the Stochastic crossover, suggests bearish continuation. Price action points lower, unless the combined support of the 20 & 50DMA, and the CML at $611 act as a bouncer. $619 gap fill for good? $NVIDIA(NVDA)$ : The price action has been tamed by the 20DMA after finding rejection at $185.90. Most of the move may already be priced 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.🎉Cash Boost Account Now Supports 35,000+ Stock
SPX Bearish Crossovers Signal Downside Risk Toward 20-DMA
$S&P 500(.SPX)$ : 7 of the last 9 bearish crossovers have set the stage for further bearish continuation. One of the exceptions was an early warning signal. The other exception happened last week; if IT was also an early signal, red continuation is likely toward 20DMA. As I said yesterday, $SPDR S&P 500 ETF Trust(SPY)$ : choppiness is normal after a rate cut, and today serves as example. The bounce was fueled by Materials, Financials, Industrials, and Health C, offsetting the lag seen in Tech. The chop can continue if semis $VanEck Semiconductor ETF(SMH)$ and giants continue weak. For SG users only, Welcome to open a CBA today and enjoy access to a trading