Rotuma

Rotuma

DJI bounced back from the precalculated major support line at 33608 and made some strong moves to the upside, closing Friday's session above 34045, an active trading area in previous pullbacks. This post is an update of my earlier post on Jan 16 The Index will need to break and hold above 34753 to continue its current direction if it fails; a retest of...

Rotuma

SPX shows signs of reversal but needs to clear the resistance line at around 4441/42 to confirm. The Index has bounced off two critical levels at 4284 and 4326 and could take off next week's session if it holds above 4442. Major support around 4398, 4326, 4284 The charts' estimates are automated through a system that predicts critical levels of future price movements.

Rotuma

The Index shows a similar trend as the US major Indices, pointing to a reversal after the recent sell-off, but there are major points to watch. Major support around 6895, 6860, 6804, 6747, 6712 Resistance at 6952, 7044. The Index needs to remain above 6804 to confirm a reversal to the upside. The charts' estimates are automated through a system that predicts...

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ZIP has been bashed big time after failing to hold the support line at the $7 mark and falling below 6.25, as indicated on the attached daily price chart. Nothing suggests that the trend is about to reverse now apart from reaching a support line at around 3.00. We might see some action around this level and the 2.50 mark. If it fails, then 1.70 is the next...

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The index maintained above 35897 in the previous drops, but the recent decline in Friday's session barely made it back above this critical level. 35897 will be crucial in determining the direction in next week's session. It will either hold the line and continue to retest 36334 or drop to 35190 and 34753

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Keep an eye at the 4621 level; this is a crucial point; the index bounces off this level in the past and recently in Friday's session. If it fails, support around 4600, 4580, and 4567

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370 is an important support to watch in next week's session. We have seen prices bounce off around 370 but came back down and closed Friday's session at 380. If it's going to slide, it might retest 370 or the 200 MA line around 362

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The share price closed Friday's session in the middle of the current trading zone at 321 and 302 and is likely to be active around this area in the next trading session.

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The current price is below the support line at 1017 and will be tested in the next session; the next support is 955.

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It's looking desperate now and must hold at 20, or it's not going to come back for a long time.

Rotuma Updated 

GME has formed a price channel to the upside, but its current move has hit an obstacle at 158; if it breaks this level, the real test will be around the 200 MA line around 165.

Rotuma Updated 

AMC stock price hit the 200 MA line on Friday's session and closed the session around 29.53 support/resistance line, an area that could be tested in next week's session. Other resistance levels to watch at 31.40 and 34.40

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SPY consolidates around the support/resistance line at 475 after the Xmas breakout. The previous pullback in H4, as shown on the chart, drops below the 200 MA line in blue but comes back and creates new highs. The latest surge was the same and had the same pattern. SPY broke through 475 but ran out of gas, dropped to 475, and closed the 2021 session. In my...

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QQQ fails to break at 403 resistance/support line on its second attempt, as indicated on the chart. We could be looking at a pullback to the bottom of the current trading zone at 385 if it fails to hold at 392.

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The current price pattern points to an important trend around the major level at 397.80; Bulls needs to defend the 397.80 line, or Bears will drag prices further down. Support/resistance estimates are precalculated and marked on the chart.

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Critical levels for SPX after the Xmas breakout SPX breaks out and forms a new all-time high. The current critical levels to pay attention are around 4774 support and 4810 resistance. There is room to push to 4810 If price holds above 4774.

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The recent pullback bounced at around 168 estimates, but those gains will be tested at previous highs at 181. Watch for a pullback to previous support if it fails at 181

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The current price sits just above the 345 support line in H1 time frame and will be tested in future sessions. If successful, 350/353 is the next target.