Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

• TSLA is stabilizing today, after Friday’s bullish reaction; • Since TSLA failed in breaking the $214, and it did a top sign last week, it is just showing signs of weakness, however, the bias is still bullish; • The trend is still bullish as TSLA have yet to trigger a lower high/low pattern and it is still above the 21 ema; • The fact it did a double top at $214...

Nathan_The_Finance_Hydra

• The SPX is bouncing, trading above the 21 ema, and there’s no top signal or reversal structure on it yet; • The next technical resistance is the gap area at 4,218, and as long as the trend remains bullish, we’ll get there; • The trend is bullish because the index is still doing higher highs/lows, and it is above the 21 ema (which is pointing upwards), despite...

Nathan_The_Finance_Hydra

• TSLA is still trending, and as of yesterday, there’s no top sign on it yet; • It is breaking the previous resistance at $214, which is a bullish sign indicating a continuation of this rally, but TSLA must stay above the $214 today, otherwise, it might lose momentum, and the market might see it as a false breakout. We'll have our answer today; • I see many...

Nathan_The_Finance_Hydra

• SPX is inside a Descending Channel, as seen in the 1h chart; • Despite the bearish momentum in the 1h chart, the trend is still bullish in the daily chart, as the SPX is still doing higher highs/lows and it is above the 21 ema; • However, if it loses the 21 ema, or does a downwards breakout from this channel, then the bullish bias might reverse in the daily...

Nathan_The_Finance_Hydra

• The rally persists on TSLA, and today, it almost rejected completely last week’s Evening Doji Star candlestick pattern; • In order to reject this bearish pattern / top sign, TSLA has to break $214 – today it hit $213.98 - and in this case, TSLA would trigger a Bear Trap (a complete rejection of the previous bearish sign after triggering it); • We are almost...

Nathan_The_Finance_Hydra

• Since TSLA did its top sign last week, it lost the $200 support and it has been correcting; • For now, there’s no meaningful bullish reaction indicating that this pullback is over; • In order to completely reject last week’s top sign (Evening Star Doji), TSLA must break $214, the Star’s high; • The next technical support is at $182, and TSLA still could get...

Nathan_The_Finance_Hydra

• The SPX is correcting today, however, it is still above the 4,100, indicating some strength; • If the index drops more, and loses yesterday’s low, we might see a sharper correction. Probably the SPX would lose the 21 ema in this scenario; • For now, it seems the bulls are in control, despite the pullback. As long as the index remains...

Nathan_The_Finance_Hydra

• The SPX lost our key support at 4,100, and it did a correction to its next technical support, the 21 ema; • Now, it seems we have a bullish reaction above the 21 ema, however, this reaction wasn’t that good; • The bias is still bullish, as the index is still above the 21 ema, but would be important to see a more powerful reaction, preferably, closing above the...

Nathan_The_Finance_Hydra

• TSLA is doing a top sign, and it is showing some weakness; • Since TSLA is losing the $200, and it did a top sign, the next technical stop is the $182; • The last 3 candlesticks form what appears to be an Evening Doji Star, which according to Bulkowski’s studies, works as a bearish reversal 71% of the time; • Therefore, a correction wouldn’t be surprising,...

Nathan_The_Finance_Hydra

• TSLA broke our key resistance at $200, indicating that this rally might persist a little longer; • Now, our previous resistance at $200 becomes a new support level for TSLA; • Now TSLA is way above the support at $182.50 and the 21 ema. This could indicate that it is overbought, but it won’t correct unless if it does a clear top sign, a so far, there’s...

Nathan_The_Finance_Hydra

• The SPX is trying to do a bullish reaction today, just above the key support level at 4,100; • This reinforces our view that 4,100 is the most important support level for the index, and only if it loses, we would see a sharper correction; • For now, the index maintains its bullish bias, and there’s no technical evidence pointing to a reversal; • In theory, it’ll...

Nathan_The_Finance_Hydra

• The SPX did a bullish reaction, just above our key support level at 4,100, which we’ve been monitoring for a few days; • This indicates bullish continuation, and despite the correction this morning, the index still looks bullish; • In the lack of bearish reversal structures, the gap at 4,218 is our next target. So far, there’s no bearish sign on the...

Nathan_The_Finance_Hydra

• TSLA finally hit our target at $200, and it seems it wants to break it today; • In this scenario, the trend will remain bullish, and it’ll seek higher levels, until we see a top / reversal sign. Either way, the next resistance is $237 - that's our next technical target; • A pullback would be good, but TSLA isn’t giving any sign that it’ll correct right now. If...

Nathan_The_Finance_Hydra

• Yesterday, the SPX corrected just to hit our support at 4,100, and now it is stabilizing in this area; • We have been monitoring the 4,100 for a while, but we clearly stated that this was our support level in my previous analysis (link below this post); • It is still a risky situation, and if the index loses this support it might trigger a sharper correction to...

Nathan_The_Finance_Hydra

• TSLA is struggling under the resistance at $200; • This doesn’t mean that TSLA is poised to correct or reverse, as there’s no top sign on it yet; • Right now, TSLA is in a “no man’s land” between the $182 - $200; • Only if TSLA loses the $182 we might see a sharper correction to lower levels – remember, since it is a bull trend, corrections might be...

Nathan_The_Finance_Hydra

• The SPX went up nicely last week, but it seems it is finally showing exhaustion signs; • Although a pullback is plausible, the trend would still be bullish, as the index is still doing higher highs/lows, and it lacks bearish reversal structures (it is showing exhaustion, but this is different than a reversal structure); • For now, let’s watch the support at...

Nathan_The_Finance_Hydra

• TSLA is very bullish, and there’s no technical signs of exhaustion on it yet; • TSLA almost hit our target last Friday at $200, which is a technical resistance level; • The key support is at $182.50. This is the key point TSLA must not lose in order to maintain its bullish momentum; • Right now, TSLA is in a “no man’s land” between the $200 and the $182.50, and...

Nathan_The_Finance_Hydra

• The SPX broke the key resistance we mentioned yesterday, the 4,100, indicating a continuation of the bull trend (the link to my previous analysis is below this post, as usual); • What’s more, if the index remains above the 4,100 in the weekly chart, it would trigger the first bullish pivot point since the beginning of the bear market; • Since the index broke a...