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NVDA - another strong large tech stock at supply level

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MSFT might start struggling at this level. Needs to be monitored together with AAPL and QQQ

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AAPL is still strong which helps the NASDAQ, but AAPL will soon start running into supply zones which might put pressure on NASDAQ. A pullback would be healthy.

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NASDAQ is trading at level multiple confluence, so pullback or at least consolidation can be expected. A short biased position can be established with option spread, but not with stocks because there is still no reversal pattern and no signs of change in direction. However the tech stock are extended, MSFT is at resistance, AAPL is still can move little bit...

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NFLX is setting up for a short entry. The stock had a strong approach into this zone which is a bit of a worry, but it is a key zone, the market is starting to look weak so it might catch a few traders off guard. However I would trade it with options spread only as it gives one a bit of a room in case it won’t drop right away.

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AMD is showing weakness at supply level after extended run, it is setting up for a short entry

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MSFT makes up over 12% of QQQ, and it has lots of Supply on the left side of the chart, APPL also has it's own warning signs, so currently few key stocks like are important to watch as they most likely will influence the next move of the market.

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Given that AAPL makes up over 12% of the QQQ, and that some other top QQQ tech stocks such as NVDA are extended, then if AAPL will have a false breakout, then it could potentially send the market down. AAPL needs to hold this breakout, MSFT and few other QQQ top holdings need to continue to act healthy, otherwise there won't be much left to support the equity...

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nice reaction from demand zone created a bear trap, and so it worth stalking lower timeframes for low risk entry setups on intraday pullbacks to LTF demand zones

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DJI is at resistance, the SP500 is also near supply level on H4, and lots of tech stocks are too extended so this might be a beginning of a correction

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Interesting level to watch on EURGBP. If it breaks down with momentum (momentum would be the key), then a short opportunity might present itself either on immediate retest or on a pullback (depending PA characteristics of the Pullback).

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A reversal trade might set up, but first we need to see buying pressure on lower TF for confirmation

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If EURUSD breaks this support zone (consisting of Median Line and the minor demand), then there could be shorting opportunities (pullbacks to minor supply zones on lower TFs)

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This exhaustion gap is the first signal of weakness. The few bars before were kind of inside days, so any sign of rejection in the previous bars was just supply consumption driven by FOMO. Next overhead resistance is the 0.618 fib level. The volume should start giving clues as well.

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XLF D1 - struggling to break resistance. Not a short signal, but worth watching if there will be developing selling pressure on lower TFs, and then reassess. The implied volatility is low, so maybe buying a put to limit risk to the upside.

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TSLA D1 - is getting rejected from resistance. It should struggle to break through given it almost doubled in price within a month. Good zone to initiate an option spread. I wouldn't short it with stocks, there are too many emotional traders chasing TSLA. But volatile stocks provide good opportunities if traded with limited risk as reversals from extended key levels.

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BA is extended and struggling at key zone of confluence. The stock currently has relatively low implied volatility in comparison over the last few months, so it is setting up for legging into a high probability option spread.

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RUT D1 is breaking out, it will be interesting to see how long the rally will last. Next week will be interesting because there will be FOMC, Non-Farm, and earnings season is picking up