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SPX: Is it a good buy now? Trend analysis.Hello traders and investors! Despite the drop, the index is doing exactly as the technique said it would, and we talked about this yesterday (link to my last analysis below). Is this a good buy now that it is dropping? Let's see what the technique has to say. In the 1h chart, it lost the 21 ema, and it quickly filled our gap (blue square), making it an Exhaustion Gap and it is seeking the next target at 4,500. The trend is not bullish in the short-term anymore, and it still has more room to correct. We lack bullish structures that could turn it bullish again, and we have nothing but bearish signs over here. Let’s see the daily chart: In the mid-term the trend is still bullish. The bearish sentiment in the short-term is creating a pullback in the daily chart, which is not ruining the main trend. All the bearish signals it gave us in the 1h chart just created the first pullback since Mar 15, and to me, the index needed this correction. It went up too much, too fast. It would be acceptable to see the index back to its 21 ema, and the trend would still be bullish. In fact, any bullish reaction at this support level would be an opportunity to buy. For now, I see no opportunities to buy, but we could see one soon. For now, let’s wait for it to get back to the 21 ema, then we’ll see how to proceed. Either way, I do daily analysis on the index, so just remember to follow me to keep in touch with my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: Our support is holding the price! But, for how long?Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see a correction to the 21 ema, and the price is trying to react, as we expected (link to yesterday's analysis is below this post). This is good, and this correction doesn’t invalidate the bull trend, as the index is still doing higher highs/lows. There isn’t any bearish structure around, but if the index loses the support at the 21 ema, the gap (blue area) could be our next stop. In the worst-case scenario, it would drop all the way down to the 4,500 (pink line), and this would ruin the bullish bias in the 1h chart, but not in the daily chart: In the daily chart, the rally was intense, and now we are above the 4,595 (red line), indicating that the index is still looking strong. The fact that it couldn’t close under this line is another sign of strength. If the SPX loses this red line, along with the 21 ema in the 1h chart, filling the blue gap we mentioned, then we might consider a sharper pullback. If this happens, I see the index back to the 21 ema in the daily chart again (now at 4,463 and rising). For now, we don’t see a single bearish reversal pattern around, but since the index went up too much since Mar 15, it is important to be prepared for corrections. As long as we don't see a bearish structure, all we can do is assume the index will keep trending. As usual, I’ll keep you guys updated on this, so, remember to follow me to not miss any of my daily analyses.
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: A top sign!? Time to panic?Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, we see that the index is respecting our support at 4,595, and only if we lose this point I’ll believe it could drop more. If this happens, we have many other support levels that could hold the price, like the gap area (blue square), the 21 ema, and the 4,500. The trend is still clearly bullish, as we only see higher highs/lows, and we still don’t see any bearish structure around. Speaking of targets, we still have an open gap at 4,652, which will probably get filled in the future. Now, let’s look the daily chart: In the daily chart, it seems we are trying to do a top sign. So far, today’s candlestick pattern could be a Bearish Harami, a famous bearish reversal candlestick pattern (in theory), but that works as a bullish continuation pattern on 53% of the time (near random). Since we lack bearish structures around, there’s no technical reason to believe in a pullback right now. I’ll just keep an eye open around the 4,595 area, as this is the most important support level for the short-term. Even if we correct more than expected in the 1h chart, the 21 ema in the daily chart is a good support candidate in the future. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
7
BNTX HIGH RISK TO REWARD SETUP YOU CAN'T MISSNews - Better than expected Q4 EPS and sales results, the company expects to authorize a shares repurchase program up to 1.5B over the next two years. Levels -$195 is the next major resistance level. $138 is the next major support level. The stock is gapping up to $183 (pre-market). The idea is to go long at the open when it will try to test the $183 support level and fail, then go long above the 5M bull flag pattern if it will happen.
NASDAQ:BNTXLong
by TradeThePool
SPX: Could it CRASH next week? Pay attention to these KEY POINTSHello traders and investors! Let’s see how the SPX is doing today! It did exactly what we were expecting yesterday, and it filled our gap at 4,505. Now, let’s see what’s next. First, in the 1h chart, we see a clear bull trend as it is doing higher highs/lows. We dropped just to fill the gap at 4,461, near the 21 ema, and now we are resuming the bullish movement. As long as the index stays above the 4,461, the trend will remain bullish in the short-term. The index is very bullish in the daily chart as well, and we don’t see any bearish reversal pattern that could indicate a possible top. However, it is a fact that the volume is dropping, and this makes the index more vulnerable to corrections. It wouldn’t be a surprise at all if it corrects to the 21 ema again, and the bullish bias would still be intact. Pullbacks to the 21 ema are normal and necessary movements. The next technical target in the daily chart is the 4,595 (previous resistance), and even if it corrects next week, this thesis won’t be changed. Remember, there's a difference between pullbacks and reversal signs. In fact, if the index does any bullish pattern near the 21 ema or any other support, it might be an opportunity to buy/add positions. I would only change this thesis if we see a clear reversal sign, and we are far from having one right now. However we must keep an eye on the key points mentioned in this analysis. Either way, I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my future analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: Could it correct today? Watch this support area closely!Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, the movement was very technical, as it is doing a pullback to the previous support area, and it seems it wants to react now. This support area is made of two relevant supports: The 21 ema; and the Gap at 4,461. Now, if the index confirms a bullish pattern at this support area, it could easily go up to fill the previous gap at 4,505. However, we must not lose the support area, otherwise the market could see this as a top pattern in the daily chart. If the index finds a top around here, it could easily do a pullback to the 21 ema in the daily chart, which is quite close to the 38.2% retracement as well. By doing so, the bull trend won’t be ruined at all, and we still could see a good reaction. So far, there’s no bearish structure telling us it could reverse, but it is important to keep our eyes open at the support area mentioned in this analysis. Since the index broke its purple line it reversed the mid-term trend, and now the bias is bullish. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my daily analyses on SPX and other stocks!
SP:SPX
by Nathan_The_Finance_Hydra
2
AAPL: One of the RAREST candlestick patterns I ever saw on it!Hello traders and investors! Let’s see how AAPL is doing today! Since it hit our last target, it has been going up nicely, and it seems nothing can stop from filling the next gap at $ 172.31. Since it broke the resistance at $ 168, this point should work as a support level in the future. The trend is clearly bullish, and there is no bearish sign around. In addition to the support at $ 168, we have the 21 ema in the 1h chart to hold the price, if it drops. In the daily chart, AAPL is doing 7 bullish candlesticks, and it is going up for 7 days straight. This is a rare event, and although I saw AAPL going up more than 7 days straight in the past (2017), it wasn’t only bullish candlesticks. When was the last time you saw AAPL going up more than 7 days in a row, doing only bullish candlesticks? Tell me, if you can (because, honestly, I can't). This movement is incredible, and even if it corrects from here, the 21 ema in the daily chart is there to hold the price. Again, there’s no sign it’ll do a pullback, but let’s not panic if it does. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses on AAPL!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
4
SPX: You must pay attention to these key points!Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, the trend is clearly bullish, as the index is doing higher highs/lows, and it is respecting its support levels nicely. So far, there is not a single bearish structure that could indicate a possible pullback ahead. The area at 4,483 is a technical support, along with the 21 ema. Only if the index loses this dual-support level we would see it dropping to lower levels, and this correction would be seen in the daily chart: In the daily chart, we see that for the first time since January, we are in a bull trend. The index found a support at the 4,167 area, and it broke the purple line along with the 21 ema. Now, any pullbacks will be just opportunities to buy, when and if the Risk/Reward ratio starts to make sense again. We have many supports to pay attention to in the daily chart. The most important ones are the Fibonacci’s Retracements, especially the 38.2%, because this point is quite close to the 21 ema in the daily chart. We don’t see any bearish sign on the index right now, however, even if it corrects to one of the supports we mentioned in this analysis, the trend will still be very bullish. I'll keep you guys updated on this, so remember to follow me to not miss any of my daily analyses on indices and stocks.
SP:SPX
by Nathan_The_Finance_Hydra
4
SPX: Target hit (one month later!). What to expect now?Hello traders and investors! The SPX finally hit our target at 4,472! When the market crashed on Feb 24, it was a clear buy to me, and I set a target at 4,472 (breakaway gap). As Nathan Rothschild once said: "But when there’s blood in the streets". The index did many bullish signs: Bullish pivot point; Exhaustion Gap; Piercing Line in the daily chart above a support level. Just check my Feb 24 public analysis for more details: Now, we filled our Breakaway Gap, and although we don’t see any bearish reversal or top sign yet, the index is losing strength. This is normal, as it went up a lot since the 4,161, and to me, it deserves to do a correction again, at least in the short-term. In the daily chart, we are reversing the trend, and we broke the purple line for good, indicating that the bearish sentiment is done for now. Despite the bullish bias, a pullback to the 21 ema again would be a natural and healthy movement, and it would give us another opportunity to buy, if the index reacts well. To me, it is not the time to buy, but the time to consider booking profits, while wait for another opportunity to buy, when the risk/;reward ratio gets better. Either way, I’ll keep you guys updated every day on this, so remember to follow me to not miss any of my future analyses on stocks and indices!
SP:SPX
by Nathan_The_Finance_Hydra
8
TSLA: Hit our target! Is it time to SELL?Hello traders and investors! Let’s talk about TSLA today! We hit our target today, and we must update our key points. On Feb 24, TSLA confirmed an amazing buy opportunity, and I set a target at $ 920. One month later, we finally hit our target. The reasons why TSLA was a buy at the time are very simple, and I’ll explain why. Either way, if you want more details, here is my public analysis from Feb 24: First, TSLA confirmed a bullish reaction, just at a support. Usually, in moments like this, retail traders and amateurs will panic. Second, TSLA always filled the gaps that appeared above the price, 100% of the time. Meaning, it was a matter of time for the gap at $ 920 to get filled. At that time, many people came to me saying it is the time to sell/short TSLA, and I know many people who did that, when TSLA was below $ 800. To me, that was always a good point to buy, and if you ask me, I think now is the time sell (not below $ 800). Of course, there’s no confirmation yet, but TSLA just hit the $ 943 (red line) for the 5th time, and the 9:30 candlestick was a Shooting Star. If TSLA triggers this shooting star, it could trigger a pullback to its 21 ema at least, and that would be a real sell sign, and I won't judge you if you do that. Despite the possible pullback in the 1h chart, the daily chart still looks great. We triggered a bullish pivot point, and the next target is the $ 1,115. The volume is good, and the trend is bullish now. This means that any pullback seen in the 1h chart would be just another opportunity to buy. I’ll keep you guys updated, as usual, so remember to follow me to not miss any of my future analyses on TSLA and other stocks.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
10
SPX: Amazing BULL TREND! Will it correct from here?Hello traders and investors! Let’s see how SPX is doing today, and do a complete multiple time frame analysis (MTFA) on it! First, in the 1h chart, we see a clear bull trend, as the index is doing higher highs/lows. We broke the past resistance at 4,416, and now we are heading to fill the gap at 4,472. We don’t see any top signs at this moment, and not a single bearish structure that could indicate a reversal. Since we are in a bull trend, pullbacks to the 21 ema would be just opportunities to buy. In the daily chart, we see something new. For the first time since January’s top, the ATH, we are breaking the purple line. What’s more, it triggered a Double Bottom chart pattern by breaking the 4,300 line. The index is looking great in the daily chart, but to me, it deserves a correction back to its 21 ema again, in order to confirm a true reversal. Usually, after impressive movements, we see some correction, and the weekly chart can tell us more about it. We see a clear bullish engulfing candlestick pattern, a reversal pattern. Since we have the 21 ema above the price, this point could work as a resistance for some time. This could reinforce the idea that the index deserves to correct a little next week. However, we can’t count on this right now, as there is no technical reason to believe it’ll correct from here. When we see something interesting again, I’ll update you guys. In this case, remember to follow me to not miss any of my future analyses.
SP:SPX
by Nathan_The_Finance_Hydra
1
SQ - trend could be reversing upSQ is now formiong a potential inverted Head & SHoulder's formation, a breakup of it's neckline @ 132 could confirm that the trend is reversing to up. When a breakup does happen, a re-test (pullback) of the neckline is not uncommon but as long as it does not breach this level, then the neckline will become the new support, with potential H&S target @ 180 (abt 36% upside from the neckline). Let's see if this trade will pane out. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NYSE:XYZLong
by Juliac
1
NVDA: Bottom nailed and target hit! What's next?Hello traders and investors! We have to update our thoughts on NVDA! Yes, NVDA hit our target today, 9 days after we called the dip, when NVDA was trading right here: Now that it hit our target, it seems it is losing strength, which is ok. Corrections are natural movements. Any bullish reaction near the 21 ema would be an opportunity to buy. I see the $ 232 as the most important support level on NVDA, and only if it loses this point it wouldn’t be bullish anymore. Yes, now we can consider NVDA bullish in the short-term. Let’s see what the daily chart has to say about it: NVDA is breaking our purple trend line, something it couldn’t do since November 2021! This is a great sign. Today’s candlestick is quite weak, thanks to the resistance at $ 246 seen in the 1h chart, and to me, NVDA must break this price level for good in order to reverse in the daily chart as well. The $ 269 would be the technical target for this movement. However, NVDA must not lose this purple line again; otherwise, the market may see this as a false breakout. So far, NVDA looks promising, but we must pay attention to the key points mentioned in this analysis. As usual, I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
11
SPX: Doing many technical movements!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it did exactly what we said yesterday (link to my last analysis below this post), and retested the 21 ema before bouncing back up again. This movement was very technical and expected, and now it is just resuming the bull trend one more time. Since the momentum is bullish in the short-term, as we see clear higher highs/lows, pullbacks to the 21 ema are opportunities to buy. Either way, the next targets are the resistances seen on the chart: The 4,416, the previous top, and the 4,472, the breakaway gap. In the daily chart the situation is still dangerous, but the index is trying to break this purple line, and by doing this, it’ll do something new, indicating a possible mid-term reversal sign. The volume is good (not great, but good), and it looks promising. So far, we don’t see any bearish structure around that could indicate a top level, but let’s keep our eyes open. I’ll keep you guys update, as usual, so remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
AAPL: Next target and important KEY POINTS to watch!Hello traders and investors! Let’s see how AAPL is doing today! First, in the 1h chart, after a very strong bearish movement, it seems it did a rounded bottom chart pattern just under the support at $ 162, frustrating the bears, and reversing the trend – at least in the short-term. In addition to the rounded bottom, we had a bullish pivot point triggered, breaking the 21 ema, and now, it seems the trend is bullish. Pullbacks to the 21 ema again might be opportunities to buy. The next target is the gap at $ 162.30, which might work as a resistance at the same time. In the daily chart we see that the trend is still bearish, and although we see a nice bullish candlestick pattern yesterday, we don’t see a clear bullish structure. What’s more, we are still under the 21 ema at $ 161, which is our next resistance in the daily chart. Given how close the gap in the 1h chart ($ 162) and the 21 ema in the daily chart are ($161), we can assume that it is not going to be an easy task to break this point. We must be prepared for some volatility when we hit there. If this will be a dead cat bounce or not, only time will tell. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
3
SPX: Just hit a strong resistance! Now what?Hello traders and investors! The SPX is going up nicely today, and this movement is very technical. In the 1h chart, it found its support at 4,161 (red line) again, and it did a strong bullish reaction there. We see a bullish pivot point, which bottom was just above the 21 ema, indicating a nice short-term reversal. Now the index is facing its first challenge: We just hit the first resistance at 4,346, the gap area. From here, it could easily drop to the 4,300 (black line, previous top), or even to the 21 ema again, and then, if it reacts well again, it could give us another buy sign. Another problem is that the trend is still bearish in the daily chart. We are dangerously close to the 21 ema, and we have yet to break this purple trend line. The volume has been under the average in the past few days, and it needs to increase in order to do a proper breakout. We see some interesting signs on the index, but we must keep our eyes open at these resistance levels. By breaking these resistances, I see it at 4,472 next. Either way, I’ll keep you guys updated. Remember to follow me to not miss any of my future analyses.
SP:SPX
by Nathan_The_Finance_Hydra
Outlook on SPY leading into the weekendI know this is a little bit of a messy chart. Alot of trend lines and yellow rectangles- Here is the breakdown and outlook for SPY leading into the weekend and next week- I am anticipating a small correction this morning that will lead us to Pre market gap fill with a target of 426.44. This will achieve gap fill and trendline support (Green box for reference) From there, i will be looking for confirmation of strength and bounce and will enter a long position (Put Credit Spreads likely) where my next bullish target will be 437.10. This is my breakout target for the massive triangle we have seen (we can see part of it in the chart) AND it is a gap level that will be filled once hit. (Purple box for reference) There is a much larger gap towards the bottom of the chart. I do anticipate us to fill this gap at some point in time. However, generally when there is a large trend reversal, we almost always leave a gap for us to come back and respect.
AMEX:SPYLong
by Pavley