Community ideas
Absorption dayAfter the S&P break to the downside on the daily chart, the expectation is that on Thursday the market will trade inside the range of Wednesday's action as the market absorbs what happened with fundamental comments on Wednesday. New bearish news could push the market lower but that is not expected for Thursday.
Micron Technology - The Chart Is Still Perfect!Micron Technology ( NASDAQ:MU ) will reverse right here:
Click chart above to see the detailed analysis👆🏻
If you actually want to explain technical analysis to somebody, just show them the chart of Micron Technology. Almost every structure makes perfect sense, with this stock respecting all major trendlines and horizontal levels and with the current support area, the bottom is now in.
Levels to watch: $70, $210
Keep your long term vision,
Philip (BasicTrading)
S&P 500 - Key Levels and April 7-11 Weekly Candle StructureApril 7-11 will easily be remembered in 2025 as one of the craziest weeks in modern history.
Intraday swings were face ripping all from a Monday "fake news" becoming Wednesday "real news" with the US pausing tariffs for 90 days
5500 major resistance on S&P
4800 major support on S&P
I believe the market will struggle to provide any clear direction in the coming weeks without some shift in narrative (for better or worse). I'm sure most traders are hoping for an optimistic tone but be prepared to be disappointed as the world's alliances and economies are being strained with massive uncertainty and angst.
There are trading opportunities in the short-term, but I'm not taking any major risks. If I can survive, the upside will be easier and a pleasant surprise.
I expect the weekly candles to dance inside the April 7-11 low and high levels and hopefully it provides some ventilation to a VIX > 30
Alibaba - Don't Forget Chinese Stocks Now!Alibaba ( NYSE:BABA ) still remains super interesting:
Click chart above to see the detailed analysis👆🏻
After we saw the very expected parabolic rally on Alibaba about four months ago, Alibaba is now perfectly retesting major previous structure. Yes, we could see a short term pullback in the near future but this just offers a perfect break and retest after the rounding bottom pattern.
Levels to watch: $110, $140
Keep your long term vision,
Philip (BasicTrading)
Nvidia - The Chart Just Told Us So!Nvidia ( NASDAQ:NVDA ) might just still head a little lower:
Click chart above to see the detailed analysis👆🏻
After Nvidia perfectly retested the previous rising channel resistance just a couple of months ago, it was quite expected that we'll see a retracement. The overall trend however still remains bullish and if Nvidia drops a little more, the overall bullrun continuation rally might just follow.
Levels to watch: $80
Keep your long term vision,
Philip (BasicTrading)
SPX and AAPL. A breakdown of key levels and potential trades.If this is a repeat of 2020, then I am going with the bulls on this. In this video I walk through what I am seeing in the overall market and how I chart my stocks. I have personally been in and out of trades and it was chipping away at my profits, so it was time to reset! The best way for me to do that is to to walk through my charts, update my levels as needed, and remember that my plan is my plan bc it works!
Chainlink (LINK): Good Short Setup That Can Be TakenChainlink has reached the 200EMA line, which is close to one bullish CME gap. We are expecting to see a breakdown here, so we are looking for any signs of weakness that would give us an opportunity to short!
More in-depth info is in the video—enjoy!
Swallow Team
Litecoin (LTC): Getting Ready For Another 30% Drop?Litecoin is forming a smaller bullish trend here, where usually after the correction if we see these kinds of moves we are experiencing a further dip, so let's see if we manage to form a breakdown!
More in-depth info is in the video—enjoy!
Swallow Team
Review and plan for 17th April 2025Nifty future and banknifty future analysis and intraday plan in kannada.
Result stocks, swing ideas.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
GBPAUD I Your Next Long Opportunity in the UptrendWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
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GBPUSD I Short Opportunity Coming Soon Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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AUDUSD,GBPUSD and NZDUSDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.