To consider a valid bounce - VIX, SPX & NDX
To consider a valid bounce:
$Cboe Volatility Index(VIX)$ has to break below 16.7
$S&P 500(.SPX)$ has to jump above $5029, and $SPDR S&P 500 ETF Trust(SPY)$ above $501.4
$NASDAQ 100(NDX)$ can't lose $17158 while trying to reach $17387
Other notes based on S/R and weekend analysis:
$Apple(AAPL)$ didn't make it trough $166.5, it better does it.
$Microsoft(MSFT)$ set a promising candle, price has to recover $402.5 for confirmation.
$Meta Platforms, Inc.(META)$ found rejection at $491.8, eyeing now $465?
$VanEck Gold Miners ETF(GDX)$ falling as expected, $32.9 is the new hurdle, top in as suggested?
$Amazon.com(AMZN)$ was rejected today at $178.9.
https://twitter.com/SmartReversals/status/1782543664411021491
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- fluffik·04-23👍 Appreciate the insightful take!LikeReport
- a9032·04-23👍🏼LikeReport
- AuntieAaA·04-23GOODLikeReport