Weekly chart here with log Scale... . Upper boundary has been respected for years 7years here and so has Weekly 200sma (Purple line)... last test of upper boundary was March .. The resistance is slanted upwards so Technically NVDA can make another high without breaking.. Lets see NVDA did rally after earnings, the upoer boundary or trendline would now be ...
Most likely they push this up to 195-200 or trend line resistance here.. Hammer candle with volume at 50sma Looks like a cup and handle to me Stop loss below 180
Here at a muti year trendline.. weekly severely oversold now.. . Targets 400 425 Stop loss 370
Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear...
Bear pennant here. Looking for a move to close gap a 390 in the next 2weeks.! Larger picture is a correction through a rising wedge (See link).. That correction is still on going and i think Msft will retest 366 before this fall via H&S XLK sector also at resistance here.. Overbought and set for a pullback Stop losses set at 417
Fawkery on top of fawkery.. dragging this short out... 2nd rising wedge here should get it done.. Stop loss 192. 1st Target 173 2nd target 160 Mid term target is 173 gap close. Long term target 160 gap close
Bearish at the end of a double bottom Short target here is 200 gap close.. Has a final gap at 206.30 to close so thats where i will enter.. Stop loss 207.50 Target 200
The correction back to the primary trendline has started.. i had to to dust off the 100sma for a lot of stocks and indexes. Overalll technicals tell me we are headed lower than last week lows but a nice dead cat might be here near term. Dow jones Held that 37,800 support all week and finish the week with a break out of its down trend Looking for a short term...
Looks like a descending triangle here which is bearish. Price got rejected 3 times at resistance last week. There's a gap at 77 and that is my bearish target for this week.. price may trade inside triangle until earnings
Weekly chart.. Major rising wedge forming here.. Price is now correcting back to supporting trendline.. expect a move down to 50-53 before a final leg up to new highs.. Major correction coming 2025. Short entry for now is below 68.00.. 68 as you can see is major fib and also 100ma is around 69.. wait for a close below 68 and short with your first target 57$ gap...
I want to start off With DJI, NYA, IWM, XLF, And XLV. Those indexes and sectors are more cylicals and they led the slide this week. DJI (Dow jones) 37,800 is previous resistance of the bullflag.. 37,800 will now be support. I think we dead cat here before eventually sliding to 37,000. 37,000 is crucial for bulls to hold, its the previous ATH set from ...
Earnings mid next week.. Sitting here on support of channel from last earnings gap up. Over next few days i expect Meta to rebound to atleast 510.. a break over 510 and or that minor channel (White lines) and meta heads back to 520.. Long term i think this stock is headed for a major correction Bearish divergence On RSI has been playing out for last 2...
Looking for a gap close at 509 by End of week followed by a bounce back to 518-520 before the next leg down to 497.. Ascending broadening wedge here. Vix 4 hour chart.. is flagging for a move up to 18 . Dow jones Bear channel formed here. Next target is 37,800.. I expect a dead cat there before fi al target of 37,000 Nasdaq or IXIC Looking for 15,930...
Falling wedge building up here .. I think the price could drop as far as 160 to retest breakout (Whiteline) and this setup still be valid. Strong support at 165 then 160. Cut losses below 160.. bullish target is 182.. 182 will be a tough nut to crack. Any close over 185 and its back to 200 Below 160 and we head to the weekly 200sma at 150 ish. Aapl has never...
Look for a bounce back to 40-41 here off trendline support. Daily candle closing outside Bbands and hourly oversold! Long over 37.00 Target 40.00 or 200sma Stop loss 36.00
Channel trade here.. Approaching trendline resistance here around 157.50.. looking for a pullback to 150 before a final push up to 160.. Correction Mid - late May back to trendline support
Heading in to April The market cycle is upside down.. Usually you see a small correction late Feb- March from profit taking of the holiday rally Nov-Feb. April is usually bullish then its Sell in may and go away. Monthly Candle are outside Bollingerbands on Spy, DJI, and NYA. NYA is the most extended. NYA moved the most closely with IWM and Financials....
Besides aapl Tsla had the worst quarter among big tech. Price is in A downtrend but a bullish wedge is forming here. Also bullish divergence on the 1hour RSI and symmetrical triangle The target move would be top of channe1 or 200EMA. Best entry is a close above 183.. or a retest of Strong support at 172 Cut losses below 165