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MSFT: Crashing? Yes. Scary? Nope.• MSFT just hit our target at $228, as it did exactly what we expected since our previous public analysis on it, almost a month ago (the link is below this post, as usual); • Despite the high volatility, this movement is very technical and not surprising at all, but in order to bounce again, MSFT has to react as soon as possible; • The problem is that any bounce will face at least two resistance levels in the daily chart: First the $238, second the 21 ema; • Only if MSFT breaks these key resistances it might do a clear reversal structure; • If not, we can expect a continuation of this bearish sentiment all the way down to $212, the next technical support level; • Therefore, let’s pay attention to the $228 support, as now would be the best time for a reaction. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:MSFT
by Nathan_The_Finance_Hydra
2
NIO: Triggered our Bearish Flag! 🐻 What to expect next?• NIO triggered our Bearish Flag chart pattern, indicating a continuation of the bearish sentiment; • We studied this scenario in our previous public analysis on NIO – link below this post; • In the daily chart, the 21 ema is working as a resistance, and it is pointing down, which reinforces the idea of a bearish sentiment; • What’s the next technical support level for NIO? The purple trend line in the weekly chart. Below that point, the $5.70; • Could NIO react from here? Yes, and if it is about to react, the timing couldn’t be better. NIO is near the weekly support at $9.40 (black line, weekly chart), and any bottom sign would indicate a possible bounce to the 21 ema again. However, there's not a single bullish sign on NIO yet; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
4
SPX: Reacting above a SUPPORT LEVEL! What to expect next?• The SPX is reacting today, but it is not an amazing reaction yet; • The fact it is holding above our support at 3,818 is interesting, but it has yet to break its key resistances in order to reverse the bearish sentiment; • As mentioned in our previous post (link below this analysis), the 3,911 is the main resistance, which is close to the 21 ema in the daily chart as well, making this a dual-resistance area; • If SPX breaks this resistance, the next technical resistance is only at 4,083; • On the other hand, let’s pay extra attention to our 3,818 support level, as if the index loses this area, the next stop is the 3,744; • Let’s wait for more clues. Probably we’ll see more definition this week. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: Trading around a KEY SUPPORT level! What's next?• The SPX is still trading at its key support level, just above the gap support at 3,818; • The trend is still bearish, and if it loses this support level, it’ll resume the bearish sentiment to the next support level, which is at 3,744; • However, the index is trying to bounce, as we saw some bullish reaction last week; • Any bounce would have to face a major resistance level around 3,911. The 3,911 is a key point that worked as a support and resistance multiple times in the past, and it is where the 21 ema is right now; • As long as the index stays between these key points, nothing new will happen; • Either way, I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
SPX: Could it REVERSE? Pay attention to these KEY POINTS!• The index is on “bear mode” again, as it is doing lower highs/lows in the 1h/D charts, and it is trading below the 21 ema; • It did a technical bullish candlestick yesterday, a Hammer, closing above the 3,818 (gap support). This is a sign of strength; • Despite the bullish reaction, this Hammer wasn’t triggered, and the SPX has to break other key points in order to reverse the bearish sentiment; • First, there’s the 21 ema in the 1h chart. Second, it has to fill the previous gap at 3,868 (1h chart), making it an Exhaustion Gap. Only if SPX reacts in this specific way I would be convinced that the “bear mode” might end; • For now, I’ll stick with my original view: Since it is losing the support at 3,818 and it lacks bullish reaction, the next support to aim is the 3,744. So far, there’s no technical reaction that could convince me otherwise; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
SPX: Back to BEAR MODE? Key Points to watch from here!• Today, SPX is rejecting yesterday’s bullish reaction; • Today, the index did a Breakaway Gap (blue square, 1h chart), as this gap is breaking the 21 ema, a technical support level. If the SPX doesn’t fill this gap quickly, the bearish sentiment will gain momentum; • In the 1h chart, it dropped to fill a gap at 3,831. Only if the index reacts amazingly well, and closes above the 3,831 again, it would have a chance to bounce to higher levels again – but this reaction must occur as soon as possible, filling the Breakaway Gap in sequence; • If this gap fails in supporting the price, along with the support at 3,818 (another gap support in the daily chart), the daily chart suggests a continuation of the bearish sentiment at least to the 3,744 (red line); • So far, there’s no meaningful technical reaction. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
EDU: BOTTOMING PATTERN & GAP FILL PLAYEDU ( Chinese stock ): I'm bullish Chinese stocks in general but I really do like the look of EDU. A few reasons to keep a good look on EDU: - price is now above all the moving averages on the daily chart; - price is getting back above the Ichimoku cloud; - there is a huge gap between $29.70 and $57.34; - the weekly chart chart has the look of an inverted head and shoulders (but not really perfect). Has EDU found a bottom? It looks like it. Can we fill that gap? Not sure. However the chart looks promising. The next resistance is at 29.70. If we cross 29.70 I would expect the price to accelerate to the next resistance of 50.27, then potentially fill the gap. If we see weakness in the coming days, the next supports are at 24 and 22. I would wait for the price to cross 29.70 before initiating a long position. My 1st target will then be around 50, my second target will be at 57. Trade safe! (This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
NYSE:EDULong
by Elpidaldo
2
TAL: inverted head and shoulders and gap fill playTAL (Chinese Stock) : I'm bullish Chinese stocks in general but I really do like the look of TAL, which looks very similar to EDU. A few reasons to keep a good look on TAL: - price is slowly getting back above the Ichimoku cloud; - there is a huge gap between $9.68 and $17.36; - the weekly chart chart has the look of an inverted head and shoulders (bottoming pattern). Has TAL found a bottom? It looks like it. Can we fill that gap? Not sure. However the chart looks promising. The next resistances are at 5.45, 5.66, 5.91 and 6.48. If we cross 6.48 I would expect the price to accelerate to the next resistance of 9.68, then potentially fill the gap. If we see weakness in the coming days, the next supports are at 4.62 and 4.28. I'm initiating a long position today with a stop around 4.80. If you cannot monitor your trade actively, waiting for a break of 6.48/6.80 is a wise decision. Trade safe! (This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
NYSE:TALLong
by Elpidaldo
2
SPX: Gap filled, another target hit! Next KEY POINTS!• The index filled our gap at 3,818, which was our target since my public analysis on Dec 15 (link below, as usual); • Now, it is trying to lose this technical key point. In this scenario, the bear trend will just continue, and the next technical support is the next bottom at 3,744; • So far, there’s no evidence of a bottom on SPX yet, as it lacks bullish reaction; • If SPX reacts, it could easily bounce again to higher levels, but as long as it stays under the 21 ema in the daily chart, the trend will remain bearish; • We see five bearish candlesticks in a row, which is quite uncommon to see. Either way, the 3,818 is still a key point, as if the index reacts above this area, it still might work as a support. • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
QQQ: BULLSEYE! Gap filled. What's next?• QQQ hit our target, as it filled our gap at $268.50 (red line); • We set this target on our previous public study on QQQ, on Dec 15 (link below this analysis); • QQQ acted according to the technique so far, and there’s no clear bottom sign on it yet; • If QQQ actually loses the red line, the next technical target is the next bottom at $259.08; • Only if we see a good bullish reaction, and QQQ stays above the support at the red line, we might see a bounce on it. In this case, the 21 ema is the next technical resistance; • Either way, QQQ looks interesting. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
SPX: Still BEARISH! Next KEY POINTS to watch from here!• The index has an open gap at 3,818, which is a technical support level; • Today, it is trying to stabilize above this gap, but the trend is still bearish; • As long as the index keeps doing lower highs/lows in the 1h chart, and it stays below its 21 ema (which is pointing down, by the way), we can’t say the trend will reverse; • So far, there’s no bullish reaction around indicating a possible bounce; • For now, let’s keep our eyes on this gap at 3,818. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
10
SPX: BEAR MODE again! What's next?• The SPX lost our key support at 3,911, a sign of weakness, and this indicates more correction; • Now the index is finally doing a lower low, while it is below the 21 ema – a trait of a bear trend; • In this scenario, the next stop is the 3,818, to fill the last gap (yellow square); • In addition, the 3,911, our previous support, is supposed to work as a resistance in the future, along with the 21 ema. Any bounce to these resistances should be considered just a bounce, before it resumes the bear trend; • So far, there’s no technical evidence that the index will bounce or reverse the sentiment, as there’s no bullish pattern/structure around; • The volume is quite high, indicating that this sell-off is intense, indeed; • For now, let’s focus on our gap. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
AMZN: Next support + KEY POINTS to watch from here!• AMZN is correcting, and there’s no bullish sign indicating a reversal or a bottom on it yet; • Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August; • In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently; • Only if AMZN breaks this key point I see a true reversal on it; • For now, it seems it is just seeking the next support around $85. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
Keep Calm and 4k OnBears don't get to convinced a sell off is near. Bulls will be buying the dip for the entire next year. 4K is the level, premium the harvest. ---- In this idea I present to you a level everyone should be aware of because my prediction is that we will end 2023 around 4k. I was browsing the SPX options chain for 2023 and 4k is by far the highest open interest across all major expires like quad witching. This shouldn't be a surprise as it has been a magnet since the Archegos margin call. I jokingly call it the Archegos Gap. But after extensive research into SLR and ON Reverse Repos it is also a major level the Fed shifted policy in 2021. Every directional shift higher or to lower from 4k has correlation with the Archegos Gap. Most notable are: Inverted Yield Curves Hyper Inflation Debt DXY The market is starting to wake up to the idea equities will be flat for the entire year.
AMEX:SPY
by SPYvsGME
20
TSLA: Be aware of these KEY POINTS! [Gap Filled/Target Hit!]• Since our last study on TSLA, it hit our target as it filled the gap at $170 – the link to our previous public analysis is below this post; • However, despite the bullish reaction seen recently, TSLA is trying to reject it, as it is dropping sharply today; • Since the mid-term trend is clearly bearish, in theory, TSLA is just heading to lower levels, and the $166 is the next support to work with (mid-term support); • How could TSLA avoid this scenario? First it has to react as soon as possible and break the $177 again (red line). This could give TSLA more momentum to keep up; • Second, it has to break the 21 ema in the daily chart; • Third, it has to do a clear bullish reversal structure, which there’s none at the moment; • Therefore, it won’t be easy for TSLA, but let’s keep these key points in mind for now. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6