What I look for here is where the next week candle opens.
The indices are approaching their target, with about 1–1.5% more downside left. Ideally, they won’t open the week just under the target, as that could signal further bearish movement. While bad policy or a government shutdown could push markets lower, a slight bounce is expected.
Apple is oversold and has pushed through key support, so with a bit of relief, it could rebound 3–4% to the 220–222 range. Since Apple is heavily weighted, any buying in the indices should give it some room to move up.
Microsoft has also been sold off, though not as much as Apple. While it could follow a similar pattern, there's no strong buy or sell signal yet. Nvidia, on the other hand, has been getting bought up, which isn’t ideal—I would have preferred to see more selling.
Overall, I’m looking for the best setup for a buy-in and watching how things play out as the market reacts.
The indices are approaching their target, with about 1–1.5% more downside left. Ideally, they won’t open the week just under the target, as that could signal further bearish movement. While bad policy or a government shutdown could push markets lower, a slight bounce is expected.
Apple is oversold and has pushed through key support, so with a bit of relief, it could rebound 3–4% to the 220–222 range. Since Apple is heavily weighted, any buying in the indices should give it some room to move up.
Microsoft has also been sold off, though not as much as Apple. While it could follow a similar pattern, there's no strong buy or sell signal yet. Nvidia, on the other hand, has been getting bought up, which isn’t ideal—I would have preferred to see more selling.
Overall, I’m looking for the best setup for a buy-in and watching how things play out as the market reacts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.