1. Trend and Price Structure: * MSFT is showing signs of consolidation within an ascending channel. * Immediate support is observed around $413.92 (lower channel line), with resistance near $420 (top of the channel). * The price action indicates potential upward movement if it breaks above the $416.30 level with sustained volume. 2. Indicators: *...
Timeframe: 1-Hour Chart Market Overview * Current Price: $370.88 * Key Resistance Levels: * $380: Immediate resistance. A breakout above this level aligns with a potential gamma squeeze. * $400: Higher resistance and critical level for bullish continuation. * Key Support Levels: * $363: Closest support, aligned with the highest negative GEX level. ...
Technical Analysis: 1. Current Price Action: * SPY is trading near $604.74, showing a breakout attempt. * Immediate resistance is at $609.96 (today's high), while strong support lies near $600.00. * The symmetrical triangle formation suggests a potential continuation, with volume confirming bullish momentum. 2. Indicators: * MACD: Bullish...
Technical Analysis: * Current Price Action: QQQ has displayed a steady bullish trend, breaking into higher highs and nearing the key resistance of $531.52, with intermediate resistance around $530. * Trendlines: A strong ascending channel is observed, aligning with positive momentum. A breakout above $531.52 could open the door to further bullish momentum towards...
Technical Analysis (TA): 1. Current Price Action: * IWM is trading near $229.91 after a strong upward move, with a daily high of $230.36. * The price is approaching a key resistance zone around $230, aligning with a psychological round number level. 2. Trend Analysis: * The price has been in a clear uptrend since bouncing from the $220.64 support...
Technical Analysis Overview: DIA (SPDR Dow Jones Industrial Average ETF) is approaching a significant resistance zone at $450.56, which aligns with the highest positive Gamma Exposure (GEX). The upward channel suggests a bullish continuation, but the proximity to resistance warrants caution. * Current Price: $449.20 (as of the last chart). * Resistance Levels: ...
Technical Analysis (GLD): * Trend Overview: GLD has been following an ascending channel, with price action respecting the upper and lower bounds. * Support Levels: Immediate support lies at $262.50, followed by stronger support at $257.87. * Resistance Levels: The price is currently testing $265.99, the upper resistance of the channel. A breakout above this...
Technical Analysis for JPM * Trend Overview: JPM has been on a steady incline, breaking above a critical resistance zone near $270, now acting as short-term support. The current structure shows higher highs and higher lows, with bullish momentum intact. * Volume Insight: Increasing volume during the recent breakout suggests strong buying interest, confirming the...
Technical Analysis (TA): * Current Trend: Boeing (BA) is trading in an upward channel, attempting to break through the resistance zone around $182. The stock has shown strong momentum in recent sessions, supported by increased volume. * Key Levels: * Immediate Resistance: $182 (psychological level and near-term high). * Support Levels: $178.19 (recent...
Market Structure Analysis * SPY is consolidating near the $599-$600 level after a recent bounce off the $590 support zone. This indicates a short-term range between $595 and $601. * The MACD is flat and slightly bullish, suggesting indecision but with a potential upward momentum if buyers sustain pressure above $600. * The Stochastic RSI is near the overbought...
Key Observations from the GEX: 1. Gamma Exposure (GEX): * CALL GEX Dominance (52.4%): Indicates a relatively bullish sentiment, with more exposure leaning towards upward price momentum. * This suggests market makers might facilitate upward movements until resistance levels are reached. 2. Key Levels: * Highest Positive NETGEX (Resistance): Near...
Key Observations from GEX Chart 1. Call Resistance: * $610 is the key resistance level, marked by the highest positive gamma exposure, likely acting as a ceiling for SPY. * Additional resistance is present at $603. 2. Put Support: * $595 serves as critical support, aligning with the highest negative gamma exposure. * Below this, $580 is the next...
Key Observations from GEX Chart 1. Call Resistance: * Key resistance levels are observed at $420 and $415, with a strong gamma wall acting as a potential rejection zone. 2. Put Support: * The strongest support is near $405, aligning with a high concentration of negative gamma exposure. Below this, $400 serves as additional support. 3. Gamma Pivot Zone: ...
Key Observations from GEX Chart 1. Call Resistance: * Key resistance is at $420, with additional resistance at $412.5. Breaking through these levels could trigger further bullish momentum. 2. Put Support: * The highest negative gamma support level lies at $365, which serves as a critical support. Below this, additional support is visible at $350. 3....
Key Observations from GEX Chart 1. Call Resistance: * Significant call resistance at $250, with additional resistance at $240. These levels act as major upside barriers for AAPL unless there is a strong bullish catalyst. 2. Put Support: * The highest negative gamma concentration is seen at $220, providing solid support. Breaking below this level could...
Key Observations from GEX Chart 1. Call Resistance: * Strong call resistance at $210, indicated by the highest positive gamma concentration. This level is likely to act as a ceiling unless there's a strong bullish breakout. 2. Put Support: * Significant put support is observed at $185, with additional support near $180. These levels are critical for...
Key Observations 1. Put Support: * A significant put support level is observed at $115, with a high negative gamma exposure of -73.82%. This level is likely to act as strong support due to market makers hedging their positions. 2. Call Resistance: * Call walls are visible at $125 and $140, with the second call wall at $140 being the strongest resistance...
Technical Analysis: 1. Trend Overview: * SPY is consolidating within an ascending wedge pattern but is now testing critical support levels near $598. * MACD shows bearish momentum as the histogram dives deeper into negative territory. * Stochastic RSI has entered oversold territory, hinting at a potential bounce but no confirmation yet. 2. Support and...