$QBTS Breakdown Targets $8 While $NAVN and $BRZE Set Up Key Levels
Market divergence continues. D-Wave Quantum Inc. ($QBTS) is breaking down with further downside risk, while Navan, Inc. ($NAVN) shows a clearer upside path. Strength is emerging in SonicShares Global Shipping ETF ($BOAT), while Braze, Inc. ($BRZE) waits for a breakout. 1. $D-Wave Quantum Inc.(QBTS)$ Bearish Head & Shoulders Breakdown in Progress After losing the $17 consolidation with a series of lower highs into mid-March, $QBTS broke lower on 18th march, along with a 10-MA rejection last wednesday, slipping below $13 today. In the meantime, $QTUM ETF just lost its 200-MA today cleanly, closing near day low. The projected move of this 9-month classical head & shoulders pattern points toward the $8 region. Market Cap $5.1B | ADR: 6.6% | Av
Descending Triangle Break in $XLK Sends $SPY $QQQ Lower
$Technology Select Sector SPDR Fund(XLK)$ — Descending triangle finally breakdown, triggers YTD breakdowns in $SPDR S&P 500 ETF Trust(SPY)$ and $Invesco QQQ(QQQ)$ First key support level for XLK is 2 x ADR% away at $128. Any capitulation driven selloff could push XLK into that level within just a session, setting up a potential short-term bounce as early as next mid-week. 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 & ETF
$GSAT Leads Space Rally as $UFO Breakout Attracts High-RVOL Flows
$Globalstar(GSAT)$ — +10.3%, leading the $Procure Space ETF(UFO)$ group with the strongest RVOL surge, breaking out of a bullish failing wedge While $UFO led as the top intraday group mover and cleared its base on +200% RVOL to reinforce its status as the strongest 1-month RS group, the most aggressive RVOL expansion came from $GSAT at +400%, before both names saw a pullback from their respective 52-week highs resistance. Other notable movers in the same group with RVOL expansion exceeding $UFO includes $EchoStar(SATS)$ and $Firefly Aerospace Inc.(FLY)$ For SG users only, Welcome to open a CBA today and enjoy access to a t
$SPY Approaches Historical Bottoming Pattern Near 50MA Stretch
$SPDR S&P 500 ETF Trust(SPY)$ — More 2-Way Gap Days Could Be Ideal Potential bottoms often emerge with conflicting price action after an extended pullback with price exceeding at least -3 x ATR% multiple from 50-MA — where the market gaps both up and down on consecutive days. It frustrates participants, but quietly builds a base within the chaos. Recent Examples: Apr 3–23, 2025, -5 x ATR% from 50-MA Oct 23–Nov 1, 2023, -3.6 x ATR% from 50-MA Oct 4–18, 2022, -4.3 x ATR% from 50-MA Mar 12–25, 2020, -4.5 x ATR% from 50-MA Current: Mar 19–??, 2026, -2.9 x ATR% from 50-MA 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.
BTC Strength Stands Out as Markets Search for a Bottom
$BTCUSD — Sustained Relative Strength, Recapture 50-MA In Yesterday's Swing While major indices hit their YTD low from last friday session, $BTC YTD low remains Feb 6, following the previously highlighted $60,000 floor. Today’s high volume intraday g2r session across the major indexes and sectors (except $Energy Select Sector SPDR Fund(XLE)$ ) provides another opportunity to spot relative strength names and build a watchlist of conviction names ahead of future market base. $BTC may appear to be forming a similar higher low base that previously broke down by -30% from Jan 29. But it's worth noting that move was accompanied by RS bearish divergence as the market pushed toward all time high levels during that period, a very different context to curren