The overall market looks bearish and if TSLA breaks below the $166 level which is the key support level then we could see more downside quickly.
SPY last week tries to break the $397 ~ $399 level but was not successful and we got a rejection from that level so that means we could see bearish momentum. In the coming week, we could see below $385 or below that.
NVDA rejected at 200 MA and looking for a downtrend; the next support is around $150. Also coming week there are many important events like CPI, Interearte Rate, Retail Sales, and more.
On Friday SPY closed above 200 MA but on another side, it formed a rising wedge, a bearish pattern, and stochastic forming convergence, another bearish indicator. So be careful going into a long position for it.
The overall market looks bearish and from the chart, it looks like it will retest 200MA at ~$260
Hammer & Dragonfly Doji pattern form today. End of the week price target $260+
NIO form Evening Star candlestick pattern price will retrace lower around $38 or more.
It reports earnings after the market close on Wednesday. Additionally, the overall market looks bearish we could see some downside and will be a great opportunity to play for earnings.
NVDA forms a cup and handle pattern and if the market remains bullish we could see moving higher else it will move downside and the next support is at 50 MA around ~$150
SPY has strong resistance at 200 MA around ~$404 level and is holding below it; also we see stochastic is overbought and we could see a downside coming if it does not break that level. The support is around ~$390 level at 100 MA and it breaks that the next one is at 50 MA at ~$378 level.
If AAPL holds below 100 MA we could see more downside coming else if it breaks with the volume we could see moving higher and the next target price is ~$155
The overall market looks bearish and BABA could retest $85 and would be a great opportunity to add calls because see many bullish call buying activities with multiple strikes with expiration 05/20 & 06/17.
Sunday indices look bearish and we could retest the $297 level if it breaks that level we could go more downside and the next support is around $267. So currently I am neutral and we see some momentum after the CPI data release.
Sunday indices look bearish and we could retest the $404 level if it breaks that level we could go more downside and the next support is around $380. So currently I am neutral and we see some momentum after the CPI data release.
Great support at 200 MA and if holds above it will bullish momentum in the market we could see the upside.
Currently at great support for earning play and see many bullish options flow in MRNA & NVAX.
Many above ask calls were traded and dropped recently due to news and bearish momentum in the market.
It's holding strong above $800 which is strong support and due to bullish momentum in the market we could see TSLA above $950 by end of the week else if it breaks $800 we could see below the $700 level.