Last week, SPX successfully broke the bear structure and officially entered into the bull market structure. (Be aware, the bull market structure does not represent that investors can invest long position right now, it only represents the low from last Oct 3500 will no longer be the pullback target, and the downside risks will be limited.) At the Quadruple Witching Day, four different sets of futures and options expired, now the movement bracket will be reopened for the market without the limitation of the derivatives. Institutional investors will set another leaps position starting from today. The market movement will be significant
META: Price at 281-290 where the big resistance level since Jan 2022. From my perspective, we could see a potential pullback before we can break this level.
TSLA: Price action still remains strong, not sure if we can touch the downtrend resistance line at 280-290. but at the current level, there is no reason investors should buy both from a technical and fundamental aspect.
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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.