Hello traders and investors! Let’s see how AMD is doing today! First, in the 1h chart, AMD is in a clear bear trend, but there’s hope it could reverse soon. For the first time since it was trading at $ 125, it is actually breaking the 21 ema, and we do have the beginning of a bullish structure. The black line at $ 98.38 is the most important resistance for us,...
Hello traders and investors! Let’s see how AAPL is doing today! In the 1h chart, the trend is clearly bearish and we don’t see any bullish reversal structure so far. However, if it breaks the 21 ema along with the resistance at $ 166, it might be the beginning of a reversal. If AAPL confirms a reversal sign, the next gap at $ 174 will be our next target. This...
Hello traders and investors! Let’s see how the SPX is doing today! The index is reacting nicely today, after what seems to be a false breakout from the previous support level, and a bear trap. This is expected, as we still are in our “danger zone”, and now the sellers are being squeezed. The 4,456 is still the most important resistance for us, and as long as...
Hello traders and investors! The index hit the 4,456 today again, and as we have been saying, this is the most important resistance to defeat. As long as it stays under this point, it won’t be bullish for real. Let’s see what’s going on here. In the 1h chart, the index is in a bear trend, and the only thing that could make it reverse is the breakout of the 4,456,...
Hello traders and investors! Let’s see how the SPX is doing today! First, the index is still in our “danger zone”, and the trend is still bearish. As long as it keeps doing lower highs/lows, nothing will change, and the SPX will just seek its next support levels. The 21 ema, along with the resistance at 4,456 did a very competent job holding the price, as we...
Hello traders and investors! Let’s see how AAPL is doing today! In the 1h chart, we see that AAPL is struggling at a very strong resistance level. The $ 169 was a previous support in the past, and now it is working as a resistance (Principle of Polarity). Still speaking of the $ 169, this is the gap area (blue square), which is another resistance. In addition, we...
Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it lost the support level we mentioned yesterday, at 4,456. According to the Principle of Polarity, previous support levels will work as resistances in the future (and vice-versa), and this is exactly what’s going on here. As evidenced by the red circles, the 4,456...
Hello traders and investors! Let’s see how RIVN is doing today! For the first time since March 30, RIVN is trying to reverse the trend. This reaction is quite good, which is surprising, considering it is a Red Monday, and it is a sign of strength. Technically speaking, this movement is very interesting. As RIVN just retested the $ 37.61 area as a support again,...
Hello traders and investors! Let’s see how the SPX is doing today! Yes, it is back to the support area around 4,456 (black line), as we mentioned Friday, and it is in a very delicate situation now. As I mentioned in our last analysis, it must not lose this support area, otherwise, it could drop more, probably to the 4,343 (61.8% retracement in the D chart,...
Hello traders and investors! Let’s see how AMZN is doing today! In the 1h chart we see that it is trading near the support level of a Descending Channel. This is a good place for a bullish reversal, but so far, we don’t have a meaningful reaction. The black line at $ 3,175.42 is the key point that could trigger a reversal, and the first target would be the...
Hello traders and investors! Let’s see how TWTR is doing today, and do a complete trend analysis on it. First, in the 1h chart, it seems we have a Descending Triangle, and it seems TWTR is losing the support at $ 46.87. This might indicate further drop, especially considering it is doing lower highs/lows, and it is below the 21 ema. We have some bearish...
Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that the 4,500 is a very strong resistance, as we thought. Yesterday, we closed exactly at 4,500, and today, we are trying to break it again. The SPX is in a short-term bear trend, and there’s no bullish reversal sign on it yet. However, if it stays above the 4,500...
Hello traders and investors! Let’s see how AMD is doing today! First, in the 1h chart, it is very bearish, and we don’t see any bullish sign on it yet. We are doing lower highs/lows, and we are trading under the 21 ema. The most important resistance in the short-term is the $ 106 area, as it was the previous support level, and it is where the 21 ema is trading...
Hello traders and investors! Let’s see how AAPL is doing today! It is doing exactly as we described in our last analysis, but we have to update our thoughts now. First, in the 1h chart, it is trading under the $ 172, the most important support level in the short-term, but it just dropped to hit the next support level around $ 170 (keep this point in mind). The...
Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, we see that it stabilized above our support level at 4,456, and it has been moving sideways since yesterday. The 4,500 seems to be a resistance for it, which is natural, as it was a support in the past. We still have an open gap (yellow square), but no bullish signal yet. In...
Hello traders and investors! Let’s see how the index is doing today! First, in the 1h chart, the index lost the support level we warned about yesterday, the 4,540, and it is doing the sharper correction we mentioned. So far, everything is doing according to the technique, however, we don’t see a clear buy sign yet. What’s more, the index lost the support at...
Hello traders and investors! Let’s see how NVDA is looking today! First, in the 1h chart, it lost the key point at $ 272 (green line), which was not easy, and now it is just seeking its next support levels, as usual. However, we can’t say it is a bull trend anymore, not in the 1h chart, at least, but if NVDA holds at the $ 262 area (red line), the previous...
Hello traders and investors! Let’s see how the SPX is doing today! Since our last analysis yesterday, the index went up nicely, and it is still in a bull trend in the 1h chart, despite the correction today. Our Bullish Sandwich worked very well, and this correction is expected. So far, the 38.2% is holding the price, but as far as I know, the index could drop...