SmartReversals📈

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[SmartReversals📈 @SmartReversals]

My site features deeper technical analysis with price targets:
https://t.co/0FPHrKO0PX

My Investment Framework:
https://t.co/IL3ko7yrmi

Educational Content + 2 downloadable ebooks on technicals:
https://t.co/0DNY8Oa4Ls

Saturdays: Weekly Strategy
Weekdays: Market Updates

[SmartReversals📈 @SmartReversals]

$GOOG: Major gap above and the series of higher lows in price action is constructive.

[SmartReversals📈 @SmartReversals]

$TSLA: The 200DMA has been reclaimed, anyway a retest of 380 remains highly likely.
Even so, a pullback to that level would not alter the constructive posture, with price holding above all moving averages and the three green soldiers pattern.

[SmartReversals📈 @SmartReversals]

$NVDA: The selloff has gone too far, too soon. The bearish overextension is extreme, and once the stock bounces, the move will be fast and trigger a violent squeeze. It is only a matter of days, probably tomorrow. Risk heavily favors a bounce here. Be VERY careful if shorting.

[GURGAVIN @gurgavin]

JUST IN : NVIDIA BOARD IS SET TO MEET IN THE NEXT HOUR TO MAKE A DECISION ON FIRING JENSEN HUANG ON NOT

MAKE SURE TO FOLLOW @GURGAVIN TO STAY UPDATED IT’S GONNA BE A LONG NIGHT

$NVDA

[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]

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

[SmartReversals📈 @SmartReversals]

@CR666666CR Indeed, it's showing strenght

[SmartReversals📈 @SmartReversals]

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

[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]

$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]

$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]

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]

@DeclanHaye52182 @ThorntonMi50188 My pleasure.

[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]

My site features deeper technical analysis with price targets:
https://t.co/0FPHrKO0PX

My Investment Framework:
https://t.co/IL3ko7yrmi

Educational Content + 2 downloadable ebooks on technicals:
https://t.co/0DNY8Oa4Ls

Saturdays: Weekly Strategy
Weekdays: Market Updates

[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.

[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]

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