Technical Analysis for February 27, 2025: 1. Current Price Action: * SPY is trading around $593, attempting to hold above $590 (key support level). * A falling wedge pattern is forming, which could signal a reversal if SPY reclaims $595-$600. * POC (Point of Control) at $594.43 is the key pivot area for direction. 2. Key Levels to Watch: *...
Technical Analysis for February 27, 2025: 1. Current Price Action: * QQQ has pulled back and is trading near $513, attempting to stabilize around POC (Point of Control) at $514.49. * The downtrend remains intact, but there are early signs of a possible base forming near $509-$510. * A break above $520-$522.50 would shift momentum to the bulls. 2. Key...
Technical Analysis for February 27, 2025: 1. Current Price Action: * SMCI spiked following earnings but has since retraced, now trading near $48.20. * The stock is testing key support at $48.50, a crucial level for a potential bounce. * POC (Point of Control) at $51.08 is the major level that bulls need to reclaim. 2. Key Levels to Watch: *...
Technical Analysis for February 27, 2025: 1. Current Price Action: * GM surged on buyback and dividend news, reaching a high of $50.19 before pulling back to $48.60. * Forming an ascending wedge pattern, indicating either a continuation or a breakdown. * POC (Point of Control) at $48 is the key level to hold. 2. Key Levels to Watch: * Support: $47...
Technical Analysis for February 27, 2025: 1. Current Price Action: * AAPL dropped sharply and found support near $239, now consolidating in a tight range. * A falling wedge pattern is forming, suggesting a potential reversal. * The Point of Control (POC) at $241.52 is a critical level to reclaim for upside continuation. 2. Key Levels to Watch: *...
Technical Analysis for February 27, 2025: 1. Current Price Action: * AMZN bounced off $204.16 after a strong downtrend, now consolidating near $214-$215. * A falling wedge breakout attempt is forming, with resistance at $217-$220. * Volume indicates buyers stepping in at lower levels. 2. Key Levels to Watch: * Support: $210 (POC), $205, $200...
Technical Analysis for February 27, 2025: 1. Current Price Action: * TSLA has been in a sharp downtrend, currently hovering near $286 after breaking critical support levels. * The price is consolidating at a high-volume node (POC: $290), suggesting a possible reaction. * A falling wedge pattern is forming, which could signal a potential reversal if...
Technical Analysis for February 27, 2025: 1. Current Price Action: * NVDA saw a significant drop but found temporary support near $124.39, aligning with a key volume area. * A falling wedge pattern has formed, with a slight breakout attempt before a rejection at $130-$132. * Strong volume increase at the lows suggests buyers are stepping in. 2. Key...
Technical Analysis (TA) & Price Action SPY has been in a clear downtrend, forming a falling wedge pattern on the 1-hour chart, which could indicate an upcoming reversal if price action confirms a breakout. The ETF is currently testing a crucial support level at $590, aligning with major options positioning. Key observations: * Trend Structure: SPY is in a...
Technical Analysis (TA) & Price Action Palantir (PLTR) has been in a downtrend, forming a falling wedge on the 1-hour timeframe, which could signal a potential reversal if it breaks out. The stock is currently testing a major support level around $85-$89, which aligns with strong options positioning. Key observations: * Trend Structure: PLTR remains in a falling...
Technical Analysis (TA) & Price Action NVIDIA (NVDA) has been in a clear downtrend, forming a falling wedge on the 1-hour timeframe, which is often a precursor to a potential reversal. The stock is approaching a critical support level near $124-$126, where buyers may step in. Key observations: * Trend Structure: NVDA remains in a falling wedge pattern, typically...
Technical Analysis (TA) & Price Action Apple (AAPL) is consolidating near a critical resistance zone at $250, attempting to maintain momentum within a strong uptrend. The stock has formed a rising wedge, signaling potential for continuation if buyers push through the upper boundary. Key observations: * Trend Structure: AAPL remains in a well-defined uptrend,...
Technical Analysis (TA) & Price Action Tesla (TSLA) has been in a sharp downtrend, breaking key support levels and forming a descending channel on the 1-hour chart. The stock is now testing a crucial demand zone around $300, which aligns with a major PUT wall and strong buyer interest. Key observations: * Trend Structure: TSLA is currently in a falling wedge...
Technical Analysis (TA) & Price Action eBay (EBAY) is trading within a strong ascending channel, approaching key resistance near $71.40. The stock has consistently printed higher highs and higher lows, maintaining its bullish structure. Key observations: * Trend Structure: EBAY is in a well-defined uptrend, respecting the channel’s support. * Support &...
Technical Analysis (TA) & Price Action Cisco Systems (CSCO) has recently broken out of a falling wedge pattern and is showing signs of a potential reversal. The stock reclaimed key support levels and is attempting to establish a higher low for continuation. Key observations: * Trend Structure: CSCO has broken out of a falling wedge and is attempting a trend shift...
Technical Analysis (TA) & Price Action TLT (iShares 20+ Year Treasury Bond ETF) has been steadily climbing, breaking through key resistance levels and forming an ascending trendline on the 1-hour chart. The price action suggests continued bullish momentum with a breakout above $91 and potential for further upside. Key observations: * Trend Structure: TLT is in a...
Technical Analysis (TA) & Price Action Eli Lilly (LLY) is showing strong bullish momentum, currently trading within an ascending channel on the 1-hour timeframe. The stock recently tested the upper trendline and is consolidating near $900, a key psychological level. Key observations: * Trend Structure: LLY is in a strong uptrend, forming higher highs and higher...
📌 Key Observations from the Charts 1. Market Structure & Price Action: * NVDA recently broke down from 141-143, currently consolidating around 135.01. * Support Levels: * 134.27 (current price zone, short-term support). * 129.08 (major support & put wall zone). * 123-120 (critical gamma zone, could see acceleration if breached). ...