To The Moon

Something to watch: $S&P 500(.SPX)$ in green zone and that is fine and beautiful, the indexes opened above the warning level. $Cboe Volatility Index(VIX)$ in also in green zone.Deep green, more than the indexes. Something to watch.If price retraces here, as it suggests, it’s better to wait for a bullish reversal candle instead of make a bet for a specific level.ImageOf course, this is a secular Bull Market.Forget about $4600 for SPX, as I’ve written since JANUARY. And $4800 is not an option either.Potential HEALTHY pullback coming, but not even to $5000.The big turbulence is still above current levels.https://x.com/SmartReversals/status/1792524919919501631

A candle that potentially suggests a short term top.Losing 5DMA, $S&P 500(.SPX)$ currently at $5292 would provide more reversal references; all oscillators are on overbought zone, the chart shows Williams%R.Why short term top?Good news for bulls, there is a bullish crossover in moving averages, 20 is back above 50.Additional note: 125DMA is the technical used by the fear and greed index, it sits today at $4960 and keeps moving up.Low volume can also be exhaustion. 5DMA is a very close level to watch before taking actions. For what is worth, there has been a 3 day chop festival. Squeeze coming. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$

$iShares Russell 2000 ETF(IWM)$ When 20DMA crosses above 50DMA there is a bullish signal triggered.See the yellow rectangles, they start from the crossover and end at the first 20DMA retest, even for the bearish case (Sept 2023.McClellan Oscillator above 70:Indicated by the yellow arrows, it indicates (A) an immediate pullback, or (B) the beginning of a bearish divergence. Stochastic is overbought as in previous tops.$207.5 will dictate what is coming short term.Imagehttps://x.com/SmartReversals/status/1792158832325496980

This is a composite index that attempts to measure investor sentiment in the U.S. stock market. It considers seven different factors: $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $DJIA(.DJI)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$ 1. Market Momentum: This measures how quickly the stock market is moving up or down. A strong upward trend suggests greed, while a downward trend suggests fear. (Closed Friday in GREED)2. Stock Price Stren

A rise in utility stocks can be related to moves in the broader stock market. Here are a few ways: $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ 1. Market Sentiment: When the broader market is volatile or declining (not today?), investors often move to safer and more stable stocks like utilities, which are considered defensive investments.2. Economic Indicators: Utility stocks may rise due to positive economic indicators like lower interest rates, which reduce borrowing costs for these companies.3. Sector Rotation: Investors might rotate into utility stocks from other sectors they believe are overvalued or risky.4. Specific News: Sometimes, news related to the utilities sector, such as regulatory c

20DMA crossing above 50DMA is a bullish signal as highlighted on yellow, looks like there is one coming.The red tick arrow indicates a quick turnaround in the 20DMA avoiding the bullish signal, so be open minded.If the 20&50DMA crossover occurs, $18976 - $19019 would be a normal target zone; that's a +2.3% +2.6% upside from Friday's close. Not in a straight line up. $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ McClellan Oscillator: It touched 70 during the week and is declining while price moves up, a divergence like the one pointed out with red arrows can coexist with a bullish MA crossover.Price has to open and stay above $18454 next week, otherwise

1. $Tesla Motors(TSLA)$ Bullish signs brought by the recent crossover between 20 and 50DMA, price holding above $173.6; the potential bullish crossovers in Stochastic and ROC appear imminent.Image2. $GameStop(GME)$ Would you buy this chart?Asking for a friend.The Money Flow Index indicates many people jumped in.Will this time be different than 2021?Do technicals or Fundamentals matter?Imagehttps://x.com/SmartReversals/status/1791967453993377898

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ closed essentially flat and still above 5DMA, the short term bullish trend is on until proven wrong.RSI (Bottom Blue) reached 70 this week, same for the McClellan Oscillator (Bottom Red), after that level both oscillators have declined slightly while price continued green. A divergence is in play.But as mentioned before, don't expect a deep decline:I've provided several reasons, there is a new one today: The imminent crossover between 20 and 50DMA.A topic studied a week ago in the educational content, this signal is bullish, even if it is short lived, as recent histo

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$The pattern of a bullish candle followed by a reversal one suggests that at least $5219 could be visited (10DMA), but 20DMA has to be considered ($5134).That thesis considers:ℹ️The high Bollinger Band zone studied yesterdayℹ️The $5298 weekly resistance level that was published last Fridayℹ️The reversal candle seen on the 4H timeframeℹ️The psychological $40,000 resistance reached by DowJonesℹ️ $Cboe Volatility Index(VIX)$Locking some profits here can be a good idea, or setting some insurance using support levels.A bullish crossover between 20DMA and 50DMA seems imminent, that's good medium term.Imagehttps://twitte

$Advanced Micro Devices(AMD)$ - Do or die time:Shooting star validated by high volume, price rejected at the 50DMA and the higher Bollinger Band was crossed.Fast oscillator overbought.$168.7 is the level to watch before considering bullish continuation.ImageRemember my comment on the 15th May? This is what I wrote at the time:AMD looks interesting, jumping above the 20DMA that can be used to manage risk.The bullish MACD crossover set at the beginning of this month suggests a valid trend change.Resistance expected at $163 and invalidation of the bull thesis if losing $152https://twitter.com/SmartReversals/status/1791257717245395276