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SPX: Reaching Important Support Lines.• SPX lost a support line at 4,113, and it seems it wants to engage a bearish momentum; • The bias was already slightly bearish, as the index has been doing lower highs (purple line). But now, it is losing a key support line, indicating that it wants to seek lower levels, at least in the short-term. • In the daily chart, the index is about to hit its 21 ema, which is a technical support level and our target since our previous analysis (link below this post); • Unlike the 1h chart, the daily chart is still very bullish, as the index is still doing higher highs/lows, and it is above the 21 ema; • This suggests that the index is supposed to hit the next resistance at 4,195, but it is important to do a bullish reaction as soon as possible above its 21 ema to confirm a bottom signal - so far, no bottom signal yet; • If the SPX loses its 21 ema, then it might seek the next support line at 4,078, a multi-support/resistance line. Only by losing the 4,078 the index would frustrate the bullish bias. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2
NVDA: A Dangerous Pattern Appears.• NVDA is doing a pullback to its 21 ema, which is a normal movement. The problem is that this correction is occurring after it found a strong resistance at 280; • This could be the beginning of a Double Top chart pattern. In order to trigger this pattern, NVDA would have to lose the 263 support line, which is the previous bottom area; • In this scenario, NVDA would seek the 244, the next support line; • In order to avoid this bearish thesis, it is important to see NVDA doing a bullish reaction, preferably above the 21 ema, and breaking the 280 as soon as possible; • So far, it seems NDA is just doing some range trading between its two key support/resistance lines. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
TSLA: Trading at a Critical Support Line.• TSLA crashed after earnings, but it seems it wants to stabilize around the 163 support line; • So far, TSLA has been moving with technical precision, as we already discussed this bearish scenario in our previous analysis (link below this post, as usual); • Now, in the daily chart, TSLA just hit its technical support at 163. So far, there’s no bullish reaction indicating that it is doing a bottom sign – but this could change very soon; • If TSLA loses the 163, then it’ll probably try to fill the gap at 146 in sequence. • In the weekly chart, the situation is critical, as TSLA is on the verge of triggering a Descending Triangle chart pattern downwards; • What’s more, the last two candlesticks hit the 21 ema as a resistance as well. This reinforces our idea that it could hit 146; • In order to avoid this bearish scenario, TSLA would need to react as soon as possible, and trigger an extremely powerful bullish reversal pattern – so far, there’s no such sign; • I’ll keep you guys updated on this, as usual. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
QQQ: A Dangerous Chart Pattern Appears.• QQQ is trading inside a range, between the resistance at 321, and the dual-support area made by the 21 ema + 313; • Only a breakout would bring something new. If QQQ triggers an upwards breakout, it’ll just resume the bullish bias, and seek the next resistance at 334; • On the other hand, if QQQ loses the dual-support level, it would trigger a Double Top chart pattern, and in this scenario, it could easily correct all the way down to the304 again;; • So far, there’s no breakout yet, but QQQ is approaching its dual-support area. It all depends on how it’ll react around here. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
SPX: Pullback Ahead?• The SPX is correcting today, and it is trading around an important support level at 4,133 (top from Apr 04); • If the index loses this key point, the next technical support is the 21 ema in the daily chart; • The 21 ema is quite close to the 4,078, another key point that acted as a top (Mar 06) and as a support level multiple times (Apr 05, 06 and 10). Meaning, this is a dual-support area; • The bias is still bullish, and it would remain bullish even considering a pullback to the 21 ema. So far, there’s no bearish reversal structure, and the index is still doing higher highs/lows; • Only if it does a lower high/low we might see the trend reversing; • For now, let’s pay attention on how the index will react around the 4,133 support area. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
TSLA: The Key Points We Should Watch From Here.• TSLA stock is trying to do a bullish reaction, after yesterday’s crash, but it is still under important resistance levels; • As long as TSLA remains under the 21 ema + 186 (red line), no bullish scenario will materialize; • Only if TSLA breaks these resistance levels we might see something new, otherwise, the bearish sentiment will persist and in this scenario, the 186 is our next target. • In the daily chart, TSLA did a powerful bearish candlestick under the 21 ema; • As mentioned before, the 176 is the next support level on it. If TSLA loses the 186, it’ll trigger a clear bearish pivot point, or even an inclined H&S chart pattern, indicating that the long-term trend will remain bearish; • Therefore, the 176 is a critical support level, while the area around 186 is a critical resistance; • On the other hand, if TSLA breaks the 186 area, we might see another rally; • Last week TSLA did a Hammer candlestick pattern, which is a bullish reversal pattern 60% of the time, and hit its target around 88% of the time (Bulkowski, Encyclopedia of Candlestick Charts); • It all depends on how TSLA will react around these key points from now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
NVDA: What If It Corrects?• NVDA is clearly bullish, as it is doing higher highs/lows, trading above the 21 ema, and the ema is pointing upwards; • However, it appears it is doing a top sign today, which is acceptable (last month it did many top signals); • The previous top level at $275.89 is supposed to work as a support, and if NVDA closes under this key point today, it might start another pullback to the 21 ema area; • The 21 ema is close to the previous support at $258.50, and only if NVDA loses this key point, we might see a sharper correction in the weekly chart, possibily to the 21 ema: • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
SPX: Powerful Breakout! The Index Seems Unstoppable (For Now).• The SPX triggered the pivot point at 4k, which we mentioned in our last analysis, and the trend is now bullish (the link to my previous analysis is below this post); • Now, the support levels are: 21 ema; 4k; and the lower purple trend line. The SPX would have to lose all these support levels, doing a downwards breakout from its Ascending Channel, in order to reverse the bullish bias; • In the daily chart, the index broke the trend we talked about in our previous study, indicating that it is reversing the trend; • What’s more, it triggered a bullish pivot point, as it broke the previous high at 4,039 after doing a higher low (3,909); • Now it appears the index is seeking the next resistance at 4,078 (Futures already hit this resistance level); • There is a possibility that the index triggered an Inverse Head & Shoulders chart pattern as well, indicating that the bullish reversal has just started. In this scenario we would easily hit the 4,200 in the next few weeks; • I’ll keep you updated on this. For now, let’s pay attention to the movements in the 1h chart. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
1
NVDA: Bullish, But Be Aware of These Patterns.• NVDA is about to retest the previous top at $275.89, after a quick correction to the $258.50; • NVDA is in a very strong bull trend, and the last correction couldn’t even hit the 21 ema in the daily chart; • By breaking the resistance at $275.89, NVDA would trigger another bullish pivot point, reinforcing the bullish bias. Its next target is the $289.46, which is better seen in the weekly chart; • However, it is important for NVDA to break the $275.89 as soon as possible, as if it does a top sign in this area, the market may see a Double Top – we discussed this possibility last week, in our last analysis (the link is below this post, as usual). If it loses the $258.50 (previous bottom), then it’ll give another confirmation sign of a bearish reversal. • In the weekly chart, we see that NVDA reversed the bear market by doing an upwards breakout from its Descending Channel, and it triggered an IH&S chart pattern; • The $289.46 is a previous top from March 2022, and it is a technical resistance for us now. It appears NVDA wants to hit this target. So far, there’s no top sign nor bearish reversal structures; • In theory, a pullback before it hits its target would be normal, as pullbacks after the breakout of the neckline of an IH&S occur 65% of the time (Bulkowski, Encyclopedia of Chart Patterns); • If NVDA triggers a sharp correction in the weekly chart, I see it retesting its 21 ema next; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
TSLA: Lots of Technical Movements.• TSLA is still trading inside a congestion, between the resistance at $200 and the support around $186 - $187, which we talked about in our last public analysis (link below this post); • Yesterday, TSLA did a downwards breakout from an Ascending Channel (purple lines), just to hit its support at $186 again, and now, TSLA is retesting the bottom of the channel as a resistance, as evidenced by the last red line; • This movement follows the Principle of Polarity, which states that previous support levels are supposed to work as future resistance levels, and vice-versa; • Despite the good reaction above the 21 ema, this alone isn’t good enough to make TSLA fly again. • In the daily chart, we see a series of 6 bearish candlesticks, while it is just moving sideways. This is a sign of weakness, but as long as TSLA remains above its key support at $187, and the 21 ema, the trend will just remain sideways, not bearish; • In order to do something new, TSLA needs to do a clear breakout from this congestion. So far, there’s no evidence pointing towards any direction, but probably we’ll see something new soon. • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
TSLA: Breaking Important Resistances.• TSLA broke its main resistance at $187, and it hit its next resistance at $200. As we discussed in our previous studies, the $187 was our key point, and seeing TSLA breaking it is a powerful sign (the link to my previous analysis is below this post, as usual); • The $187 (red line) was the neckline of an H&S chart pattern, and it was very close to the 21 ema, making this a dual-resistance area. By breaking this area, TSLA is giving us strong signs that it wants to reverse the bearish sentiment; • It seems TSLA is losing momentum this morning, but since it just hit another resistance at $200, that’s expected. In theory, the $187 area (previous dual-resistance) is supposed to work as a support if TSLA corrects from here; • What’s more, the $187 area seen in the daily chart is close to a very important key point in the 1h chart: • In the 1h chart, we see that TSLA broke its resistance at $186 (red line), and immediately jumped to the $200; • The price is way above the 21 ema, which is pointing up, and now it is doing higher highs/lows, meaning, the bias is bullish (short-term); • Only if TSLA loses the $187 - $186 area we would see it rejecting the bullish thesis. A pullback is plausible, but it must not drop below this point; • If TSLA breaks the $200 in the next few days we might see it retesting its next resistance area, around $211; • The bias is bullish for now, but let’s pay attention to how it’ll react near the $200 resistance. Probably the volatility will increase due to the FED, but these are the key points we should watch from here. I’ll keep you updated. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
TSLA: Losing Momentum (For Now).• TSLA stock is stabilizing, trading between its key support and resistance levels; • The key support is the 38.2% Fibonacci’s Retracement again. Most of the time, when TSLA loses the 38.2% retracement after bouncing above it for a while (like in this case), the 61.8% retracement becomes the next target – usually it ignores the 50% when this happens; • What’s more, the 61.8% coincides with the Earnings Gap (blue square) at $146, making this area a very interesting target to work with; • In order to avoid such a bearish scenario, TSLA would have to react as soon as possible, and break its key resistance area around $187; • The $187 is the neckline of the H&S chart pattern that TSLA triggered last week, and it is very close to the 21 ema as well; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
TSLA: About to Bounce.• TSLA is reacting now that it hit its 38.2% Fibonacci’s Retracement; • This is expected, but TSLA is still in a bear trend, and there’s no bullish reversal structure on it yet; • In the 1h chart, it is inside a Descending Channel (trying to break it this morning), while in the daily chart, it triggered an H&S chart pattern; • In theory, a pullback to the neckline is acceptable, which is at $187, exactly where the 21 ema is today, making this area a dual-resistance level; • The 38.2% retracement is our key support, and in order for TSLA to resume the bearish momentum, it’ll need to break it again. Right now, we are between two important key points. Let’s see how TSLA will react from here. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
TSLA: Dead Cat Bounce.• Yesterday, TSLA hit an important support level, the 38.2% Fibonacci’s Retracement; • This is its first mid-term support level, and it seems TSLA wants to react this morning (pre market); • Since TSLA just triggered an H&S chart pattern, a pullback to its resistances is likely to happen. As I said yesterday, according to Bulkowski, H&S patterns have 68% chances of a pullback - the link to my previous analysis is below this post, as usual; • The next resistance levels on TSLA are the $187 (previous support) and the 21 ema; • Any top sign under these resistances might indicate that TSLA will seek lower levels, maybe the next retracements; • Could TSLA reverse this bearish bias? Yes, but it would need to break its resistances first. For now, let’s see how it reacts near the 38.2% retracement. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SPX: At the bottom of a Descending Channel.• The index crashed again yesterday, and it lost the support at 3,949, and hit the bottom of its Descending Channel; • What’s more, the 21 ema did a good job holding the price, as it worked as a resistance yesterday; • Now that the index is in a support level, a bullish reaction is plausible; • If the SPX confirms a bottom in this support area, it might indicate that it’ll look for its resistances again. Ideally, it will seek the upper trend line of its channel; • Since the trend is bearish, a bullish reaction should be considered a bounce. In order to reverse the bearish bias, we must see a bullish reversal structure. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
1
SPX: The Beginning of a Dead Cat Bounce.• The SPX stabilized yesterday, but this move isn’t enough to stop the bearish sentiment; • In the 1h chart, the index remains bearish, as it is below the 21 ema and there’s no bullish reversal structure around; • In the daily chart, yesterday’s candlestick was positive, but yesterday's reaction was very weak, and it didn’t occur near a support level; • Even if the index bounces, there’s the 21 ema in the daily chart to work as a resistance, and it would be very hard to completely reject Tuesday’s drop - a.k.a. Dead Cat Bounce; • Technically speaking, it seems the index is poised to seek lower levels, the next technical support is at 3,949; • In order to avoid this bearish continuation, the index would have to do a very good bullish reaction as soon as possible – so far, no bullish reaction at all. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
1
TSLA: Triggered a Very Powerful Bearish Reversal Pattern.• TSLA lost its key support at $187, and it triggered a H&S chart pattern in the daily chart; • In the 1h chart, it failed in breaking its resistances, and the bias is clearly bearish, as it is doing nothing but lower highs/lows; • Even if TSLA does a bullish reaction, it would have to face multiple resistances, making a bullish thesis more unlikely; • First, in the 1h chart, there are the 21 ema and the purple trend line connecting the previous tops; • The $187 is a key point visible in both, 1h and D charts (it is the neckline of the H&S pattern in the daily chart); • In the daily chart, there’s the 21 ema, which TSLA for the first time since January; • In order to reject this bearish thesis, TSLA would have to do an amazing reaction, breaking all these resistances – so far, there’s no such reaction; • Keep in mind that TSLA just triggered an H&S chart pattern in the daily chart, and a pullback to the next resistance area is plausible. According to Bulkowski, H&S patterns have a pullback ratio of 68% (Encyclopedia of Chart Patterns); • I’ll keep you updated on this every day. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
14
TSLA: Very Dangerous Situation.• TSLA is still dropping, and although it is in a support area, there’s no bullish reaction confirming a bottom sign yet; • The key support is the $187, which is the baseline of a this congestion, and if TSLA loses it, we might see a bearish reversal structure; • What’s more, the $187 could be the neckline of a Head & Shoulders chart pattern; • If TSLA turns bearish, I see it filling the previous gap at $146 in the next few weeks; • In order to avoid this scenario, TSLA would have to do a very good bullish reaction as soon as possible, and break its main resistance area; • The main resistance area on TSLA is made by 3 resistances that are very close to each other: In the 1h chart, there’s the 21 ema and the purple trend line connecting the previous tops; In the daily chart, there’s the 21 ema. Only if TSLA breaks this resistance area we would see a frustration of this bearish thesis. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
SPX: About to Correct? Next Key Points to Watch.• The SPX hit its resistance at 4,060, and now it seems it is losing strength; • In the daily chart, we see a Shooting Star candlestick pattern, that if triggered, could take the index to lower levels; • In the 1h chart, the SPX is correcting, and the next support is the 21 ema, which is ascending; • The 21 ema in the 1h chart is almost at the same price the 21 ema in the daily chart is, making this a dual-support area; • If the index loses this dual-support, I see a sharper correction to the 50% Fibonacci’s Retracement, near the 4k. The 4k is an important psychological key point for the index as well. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
SPX: Bullish Reaction Above Golden Cross.• The SPX is doing a very powerful reaction above a critical support level; • First, as seen in the daily chart, it hit the 3,949 support, and it is doing a powerful reaction. Last Thursday it did a Bullish Engulfing, and las Friday, it broke the 21 ema and the 4k; • In the weekly chart, it is doing a Hammer candlestick pattern, a bullish reversal pattern that works 60% of the time (according to Bulkowski – Encyclopedia of Candlestick Charts); • In addition, this Hammer appeared just above the purple line, which was a previous resistance when the SPX was inside a Descending Channel; • Moreover, this Hammer appeared above the 200 ma, after the index made a Golden Cross (the 50 ma broke the 200 ma upwards); • All these signs indicate that although the index may look overbought short-term wise, it has decent chances of maintaining the bullish bias mid/long-term speaking, especially if look at the weekly chart; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
TSLA: A Bottom Pattern Above a Critical Resistance.• TSLA corrected last week, but it seems it just dropped to hit its support at $187, and now, it wants to bounce again; • Last Friday, TSLA confirmed a bottom sign, as it broke the 21 ema again (which worked as a resistance last Thursday), it broke Thursday’s high, and it filled the previous gap at $198.52 (making it an Exhaustion Gap); • All these bottom signs above the $187 line might indicate a further bounce; • In theory, TSLA could climb to the next resistance at $214, but as long as we stay inside this congestion, between $214 and $187, TSLA won’t trigger any new movement indicating a continuation of the bull rally or a bearish reversal; • This congestion could be a flag of a Bullish Flag chart pattern, and if TSLA breaks the $214 again, it’ll trigger this bullish continuation pattern. In this scenario, the first mid-term target would be the $237, which is a previous resistance in the daily chart, and it is near the 61.8% Fibonacci’s Retracement in the weekly chart; • Only if it loses the $187 it might frustrate this bullish thesis. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
SPX: Persistent Bear Trend.• SPX is in a bearish trend as it has triggered a bearish pivot point at 4,060, making a lower high/low, and is below the 21 ema; • Now, the 21 ema and 4,060 are resistance levels. However, talking short term, the 4,015 (red line) is doing a competent job holding the price; • Therefore, there are many resistance levels on the SPX, and it will not be easy for it to reverse the bearish sentiment; • If he loses the 3,949 support, the next stop would be the 3,885; • So far, the index is bearish, and there is no clear bottom signal on it yet. I will keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
TSLA: Top Sign Under a Resistance?• TSLA is trying to retest the previous resistance level at $214, but it seems to be losing steam this morning; • The problem is that TSLA is inside a congestion, and any bearish signal around $214 may indicate that it will correct back to its support level - probably the 21 ema; • In order to regain bullish sentiment, TSLA must do a clear breakout of the $214 resistance. In this scenario, the next target would be $237; • On the other hand, TSLA would have to trigger a clear bearish reversal structure, and lose all its key support levels (21 ema, $187 and $182.50) in order to completely reverse bullish sentiment; • For now, it is just congestion. Let's pay attention to the $214 resistance. I will keep you updated. • Remember to follow me to stay in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1