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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
QQQ: Target Hit! Next KEY POINTS [UPDATED].• QQQ did exactly what we described in our last post, and it hit our target (link to our previous analysis is below this post). Now, it is reacting just above the 38.2% retracement, as seen in the daily chart; • If QQQ breaks the 21 ema in the daily chart as well, the idea that it’ll bounce will gain strength; • In this scenario, QQQ would easily retest the $293 area again, which is the previous top seen in the daily chart; • In addition, in the weekly chart, QQQ just found a resistance around its 21 ema – therefore, it is still a long-term bear trend; • If QQQ loses the 38.2% retracement in the next few days, the next technical stop is the 61.8% retracement, but in my view, the gap around $268 is a better target; • In order for QQQ to reverse, it must do a proper reaction, and close above the 21 ema in the weekly chart. In this scenario it would easily fill the gap around $307 and probably seek higher levels; • Either way, let’s pay attention to the 38.2% retracement and on how QQQ will react from here. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
SPX: Bullish reaction above a support. What to expect next?• The index is trying to react this morning, and the timing of this reaction is quite good, after all, it is just above our support area, which I mentioned yesterday; • What’s more, yesterday’s candlestick indicates stabilization, while the 21 ema was working as a resistance; • Now, the index is just moving according to our previous analysis, and if it closes above the 21 ema again, it might bounce to the 4,083; • The 4,083 is a key resistance and it was a gap area; • Only if the index loses the 3,911 I see this bull trend getting weaker. So far, nothing new or surprising is going on. Another update tomorrow. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: Next KEY POINTS and SCENARIOS [UPDATED].• The index is struggling around its support area (red area), but there’s no bullish sign indicating a bottom yet; • In order for the index to react, it would be important to see it closing above the 21 ema again. In this scenario, the index might gain momentum to retest the previous resistance at 4,083 again; • On the other hand, if it fails in reacting in this support area, and loses the 3,911 (our most important support level for the mid-term), then the gap will become our next target, at 3,818; • Either way, given how important this support area is, we’ll probably have our answer soon. Let’s pay attention to these key points for now. I’ll keep you updated on this everyday. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
AMZN: Could it turn BULLISH gain? “Only” if it does THIS!• AMZN lost our key support level, after failing in breaking the 21 ema in the daily chart; • The volume is still low, a sign of weakness, and in theory, AMZN is seeking the next support at $85; • Only a miraculous reaction, making it close above the $90.59 again (making this a false breakout), could frustrate this bearish sentiment; • Either way, this is short-term thinking. If you are looking for a long-term reversal sign, watch the $101 area; • The $101 is a multiple support/resistance area. Clearly, this is an important key point. Only if AMZN breaks it we might see it seeking higher levels again – maybe filling the last gap around $133; • For now, let’s focus on the support at $85 and on the short-term resistance at $90. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
2
NFLX: GAP FILL PLAY AND POTENTIAL CUP N HANDLENFLX has lost 76% from its November highs to its July lows. Looking at the chart from a purely technical point of view, here is what I see: - the stock has not retraced much of its down move. A 0.382 retrace would be at $366 and a 0.5 retrace would be at $428. - There's a huge gap between $331 and $249/250. If we were to fill the gap, the target would be $331. To play the gap fill I' d wait for the price to break $250. - A cup and handle is forming with a target between $331 and $366. However the pattern will only be confirmed should we break $250. I'm neutral now, but I'm watching the stock closely. A break of $250 would trigger a long entry with a stop at 240. Keep it on your watch list. Trade safe.
NASDAQ:NFLX
by Elpidaldo