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步步為營
04-27

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SPX Daily Chart: Tech Stock Rebound Reflects Weekend Anticipation

@SmartReversals：

This week began with a bounce in the tech sector, The telltale sign? A tech candle on Friday with its entire body situated below the Bollinger Band + RSI at 30. All of these observations were highlighted over the weekend. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Looking Ahead: Can the Rally Continue? While the daily candle doesn't necessarily signal a reversal, there are a few hurdles to consider: ℹ️Unfilled Gap at $5,057: This gap represents a zone of price discontinuity that needs to be filled for a cleaner uptrend. ℹ️Double Resistance at $5,110 and 20DMA. Overcoming both hurdles swiftly would strengthen the bullish continuation case. If the rally jumps above those resistance levels, $5,192 becomes a potential rejection zone. Price needs more consolidation. Worth Noting: The 125 DMA sits today at $4853, far from $4600. Image The 20DMA has confluence with $5110. 50DMA is important, but there is confluence at the current levels. I just shared the levels for next week that must hold price, A little retrace is still part of a bounce. https://twitter.com/SmartReversals/status/1783954672803352955

SPX Daily Chart: Tech Stock Rebound Reflects Weekend Anticipation

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A tech candle on Friday with its entire body situated below the Bollinger Band + RSI at 30. All of these observations were highlighted over the weekend. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> </p><p><strong>Looking Ahead: Can the Rally Continue?</strong></p><p>While the daily candle doesn't necessarily signal a reversal, there are a few hurdles to consider:</p><p>ℹ️Unfilled Gap at $5,057: This gap represents a zone of price discontinuity that needs to be filled for a cleaner uptrend.</p><p>ℹ️Double Resistance at $5,110 and 20DMA. Overcoming both hurdles swiftly would strengthen the bullish continuation case.</p><p>If the rally jumps above those resistance levels, $5,192 becomes a potential rejection zone. Price needs more consolidation.</p><p><strong>Worth Noting:</strong> The 125 DMA sits today at $4853, far from $4600.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/fbe4da3b66068919674d9c956ddcfd03\" tg-width=\"680\" tg-height=\"369\"><span>Image</span></p><p>The 20DMA has confluence with $5110.</p><p>50DMA is important, but there is confluence at the current levels.  I just shared the levels for next week that must hold price, A little retrace is still part of a bounce.</p><p>https://twitter.com/SmartReversals/status/1783954672803352955</p></body></html>","htmlText":"<html><head></head><body><p>This week began with a bounce in the tech sector, The telltale sign? A tech candle on Friday with its entire body situated below the Bollinger Band + RSI at 30. All of these observations were highlighted over the weekend. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> </p><p><strong>Looking Ahead: Can the Rally Continue?</strong></p><p>While the daily candle doesn't necessarily signal a reversal, there are a few hurdles to consider:</p><p>ℹ️Unfilled Gap at $5,057: This gap represents a zone of price discontinuity that needs to be filled for a cleaner uptrend.</p><p>ℹ️Double Resistance at $5,110 and 20DMA. Overcoming both hurdles swiftly would strengthen the bullish continuation case.</p><p>If the rally jumps above those resistance levels, $5,192 becomes a potential rejection zone. Price needs more consolidation.</p><p><strong>Worth Noting:</strong> The 125 DMA sits today at $4853, far from $4600.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/fbe4da3b66068919674d9c956ddcfd03\" tg-width=\"680\" tg-height=\"369\"><span>Image</span></p><p>The 20DMA has confluence with $5110.</p><p>50DMA is important, but there is confluence at the current levels.  I just shared the levels for next week that must hold price, A little retrace is still part of a bounce.</p><p>https://twitter.com/SmartReversals/status/1783954672803352955</p></body></html>","text":"This week began with a bounce in the tech sector, The telltale sign? A tech candle on Friday with its entire body situated below the Bollinger Band + RSI at 30. 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