NASDAQ:AAPL has bounced off the trendline from January 2023 and has risen back above the 200-day SMA, currently at 182.49, while also remaining above the POC (Point of Control) at 177.44. However, it is still trading below the 50-day SMA. I would like to see AAPL climb back above the 50-day SMA, which is now at 190.65. As I've mentioned many times before, the...
This week, we've observed some intriguing movements in the VIX index, revealing key insights about the current state of market volatility. The VIX, often referred to as the market's 'fear gauge', achieved a new low for 2023, signaling a period of reduced market anxiety and volatility. This trend is especially noteworthy as the VIX typically inversely correlates...
Bullish: If the level surpasses 451.50 and continues to create ascending lows, we're well-positioned to aim for sealing the gap created by the Fitch rating downgrade. $455C will work with 24NOV23. I will be taking ATM.
Bearish: Should the level dip below 448, moving into the gap below, we anticipate the possibility of the gap filling towards 441 as a result of...
QQQ’s weekly chart analysis shows a bullish breakout from a cup and handle pattern, signaling a potential upward trend continuation. The MACD is on the cusp of a bullish crossover, aligning with increasing volumes for a positive outlook. Stay tuned for dynamic moves ahead.
SPY’s weekly chart shows a bullish trend with a recent cup and handle breakout, signaling potential further gains. Volume patterns confirm the trend strength and the MACD indicator is poised for a bullish crossover, suggesting momentum may continue to build. Keep an eye on these technicals for possible buy opportunities.
