How will Mag7 compare going into this week?
Let’s read the weekly charts of Mag 7 together:
$Apple(AAPL)$ : Still bullish chart
$Meta Platforms, Inc.(META)$ : Bearish engulfing candle on heavier volume
$Amazon.com(AMZN)$ : Bearish Harami candle on heavier volume
$Alphabet(GOOG)$ : Bearish Harami candle on heavier volume
$Microsoft(MSFT)$ : Bearish Harami candle on heavier volume
$NVIDIA Corp(NVDA)$ : Bearish Shooting star candle (green)
$Tesla Motors(TSLA)$ : Neutral doji after big bullish engulfing candle
Solid flows into $Bitcoin(BTC.USD.CC)$ help absorb supply as Crypto rallies over the weekend. Expectations increase for ETH’s spot ETF approvals this week.
Equities see impressive improvement in market breadth, with mid/small caps being major beneficiaries as the Mag 7 stall.
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