Declan Hayes

👁️ Market watcher.
Trading, investments, and macroeconomic insights.
Capital never sleeps.

[SmartReversals📈 @SmartReversals]

$TSM Sentiment was broken last week:

The Bollinger Band was breached, the RSI was below 30, and a gap at 391 implied a double digit bounce.

The stock rallied 6% on Friday, and this week the rally has added another 5.6% so far.

Technicals don't lie 🎯; sentiment does.

[SmartReversals📈 @SmartReversals]

$NOW: This indecisive price action at oversold conditions suggests a bottom is in or very close.

[SmartReversals📈 @SmartReversals]

$SNDK: The formation is warming up for a bounce to the 20DMA, currently above 1,180.

[SmartReversals📈 @SmartReversals]

$META continues constructive and the premarket action suggests the 20DMA will be recovered.

Closing the week above 644 would be constructive for long and short term.

[SmartReversals📈 @SmartReversals]

$SPX: The weakness anticipated yesterday in my daily note correctly anticipated elevated volatility. Anyway, the SP500 set a new higher low and the Bollinger breach is working out so far as in previous oversold conditions.

[SmartReversals📈 @SmartReversals]

$CRWD: The 100DMA is holding the price well, and oversold conditions suggest a move to the 20DMA, currently at 241, is very likely.

[SmartReversals📈 @SmartReversals]

$AMD: Is the sequence complete?
The relief bounce off the lower Bollinger Band has tagged the 20DMA. If this advance is a counter-trend move within an ongoing bearish leg, this is the inflection point for sellers to resume the decline.
If bulls push through and reclaim this line... the bottom is in.

[SmartReversals📈 @SmartReversals]

The probability of a rate hike in December is 100%:

87% chance of a 25 basis point increase
11% chance of a 50 bp increase.

$SPY $QQQ #CPIdata

[SmartReversals📈 @SmartReversals]

$PLTR: Nice bounce off the lower Bollinger band yesterday. The premarket action is -1.4%, which following a +5.5% rally can be considered a consolidation. 167 is the ideal level to keep today, otherwise 163.2 would follow (-3.2%).

[SmartReversals📈 @SmartReversals]

$IWM: Following a strong +3% rally, the price faced rejection at 283, a key level for this week.
As long as 277 holds as support, the bounce is still in play, a loss of that 277 area would open a revisit to the lows filling the gap at 274.

[Declan Hayes @DeclanHaye52182]

@SmartReversals @ThorntonMi50188 That’s very true, thanks for the charts

[SmartReversals📈 @SmartReversals]

Scanning the market before the opening bell is fine, but having the levels set the day before and reading the footprints underneath the chart provides a major edge.
Yesterday, I presented why a retrace was likely today for the $SPX and $NDX in my daily note. Get access here:

[SmartReversals📈 @SmartReversals]

$TSLA: As long as 370 holds, the move is still constructive aiming at the upper Bollinger band.
Otherwise, reaching the 20DMA in confluence with the 200DMA completed the move.

[SmartReversals📈 @SmartReversals]

$AMZN may be eyeing a healthy consolidation. The shooting star candle and overbought oscillator suggest so.

[Tati Trades 🐝 @tati_trades]

Two stock markets right now.

The S&P 500: down 3.4% in a month.

The median growth stock I track: down 19.5% from its 3-month high. 47 of 96 names are off more than 20%.

AI hardware fell 31% in a month. Healthcare rose 10%. Defensives rose 11%. The money moved, it didn't leave.

Today the S&P gained 2.4% with Nvidia down 4.6%, and 65.6% of the index is back above its 200-day average.

Either the leaders catch down or the laggards catch up. Three signposts for year-end, free, link in reply. 🐝

[SmartReversals📈 @SmartReversals]

$META climbed back above its 200DMA. This is a critical level to hold if the bottom is in.

[SmartReversals📈 @SmartReversals]

$QQQ: Solid bounce off the lower Bollinger Band as expected. Tomorrow is CPI day, and the 200DMA acted as firm resistance to today's price action. This bounce is about to be tested.

[SmartReversals📈 @SmartReversals]

$NVDA is set to open with a major gap down, breaching both the daily and weekly Bollinger Bands. Similar occurrences marked the market bottoms in April 2025 and March 2026. The complete set of levels to trail this move is available on my site. ⬇️.

[SmartReversals📈 @SmartReversals]

$MU: Expect consolidation or a bounce to the 20DMA following the breach of the lower Bollinger Band. A minimal consolidation move requires recovering 696 by today's close.

[SmartReversals📈 @SmartReversals]

$AVGO: Breaching the lower Bollinger Band triggers a bounce, a pattern we studied across multiple stocks over the weekend.
This setup should be no different, and the open gap at 321 validates the thesis.