Subscribe to my website and join 28K+ traders to receive 3 premium publications per week analyzing $SPX, U.S indices, ETFs, magnificent 7, crypto, and megacaps.
$SPX: Bearish conviction in price action, the 5DMA has been breached and the price is overbought considering the RSI. Bearish continuation is likely, $AVGO is setting a stop to the Semiconductors train. $VIX bouncy.
The latest market update is out: Cracks Underneath.
$PLTR neared the $165.7 bullish target. Monday's move was so fast it printed an indecisive candle outside the upper Bollinger Band. Now back in the range, price must hold the critical $148 level to sustain short-term momentum. The diagonal breakout is still constructive.
$SPX: Slow moves keeping the price moving up steadily. Same as yesterday, $7,620 acted as a resistance zone. The close was better than yesterday, but the resistance remains the same; bulls want a breakout and bears want a definite rejection. Greed is at 57, breadth is still weak.
$AAPL: Shooting star candles in Apple have a high accuracy rate as near-term bearish signals. Today, we find out if this drop is short-lived or sustained. Different this time: an overbought RSI and a volume gap down to $299.
@ghost_stock MSFT is declining since it printed a gap yesterday and the bullish weekly target was reached. The setup is still bullish above the CWL and CML.
$IGV: The software industry is fueling the market with major moves. While the ETF is reaching overbought conditions on the bands and RSI, a rally still has room to run, given how many individual names are bouncing from oversold territory.
Daily levels avail for founding members.
$PLTR: Beautiful diagonal breakout. If software takes the lead next week, this structure can easily run to 165–170 based on the volume profile.
Keeping this one mapped closely for subscribers on our permanent watchlist.
$NOW: The rally reclaimed the 20-week moving average for the first time in 9 months. While the open gap at 110 might set some pressure, the breakout was strong; any eventual consolidation could be viewed as a buying opportunity.
Full level details are posted in the premium chat.
$QQQ: Indecisive daily price action, an overbought RSI divergence, and a gap sitting below at $722. With no major geopolitical news fueling the tape this weekend, a consolidation or a pullback is highly possible here. The volume shelf is a strong demand zone. $NDX
$SPX: Indecisive price action again (doji), printing a bearish RSI divergence with both peaks locked in overbought territory.
Will weekend news arrive to fuel momentum again, or is the market simply widening this structural divergence before a pullback?