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SPX: Poised to Seek Lower Support Levels.• The bear market persists on the SPX, as it lost our support at 4,015 and there’s no bottom sign on it yet; • Now the 4,015 is a resistance area for any bullish reaction. In addition to his resistance, there is the 21 ema and the 4,060 (our previous support). These key points reinforce the mid-term bearish thesis; • In the lack of bullish reaction, the index is heading to the 3,949, the next support level; • The SPX triggered a bearish pivot point this week (a lower high/low) when it lost the 4,060. It would take a very good and powerful bullish reaction to reverse the bear trend, and so far, there’s no technical evidence pointing to that direction. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
TSLA: Approaching a Key Support!• The sell-off persists on TSLA, and it seems we are seeking the 21 ema again; • The 21 ema is around the black line at $187, which is a trigger point of a possible Double Top chart pattern; • The bias is still bullish on TSLA, but if it loses this area, and we don’t see any bullish reaction, it might reverse the sentiment; • Therefore, the area around $180s is extremely important for TSLA. So far, we don’t see any bullish reaction, but it is still above its key support levels; • On the other hand, in order to resume the bullish sentiment TSLA has to break the $214; • Right now, we are in “no man’s land”, moving erratically, but soon we’ll have some definition. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
TSLA: Trapped in a "No Man's Land".• TSLA is stabilizing today, after Friday’s bullish reaction; • Since TSLA failed in breaking the $214, and it did a top sign last week, it is just showing signs of weakness, however, the bias is still bullish; • The trend is still bullish as TSLA have yet to trigger a lower high/low pattern and it is still above the 21 ema; • The fact it did a double top at $214 might indicate a possible Double Top chart pattern, which is a bearish reversal structure, but TSLA didn’t trigger this pattern yet – it has to lose the $187 in order to technically trigger this Double Top; • Either way, it seems TSLA would have to break the $214 in order to resume the bull trend. For now, it seems this is just a sideways correction, trapped in a "no man's land", between its key resistance at $214, and its multiple support levels like the $187 or the 21 ema. • I’ll keep you updated every day on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
7
SPX: Ready to Resume the Trend.• The SPX is bouncing, trading above the 21 ema, and there’s no top signal or reversal structure on it yet; • The next technical resistance is the gap area at 4,218, and as long as the trend remains bullish, we’ll get there; • The trend is bullish because the index is still doing higher highs/lows, and it is above the 21 ema (which is pointing upwards), despite the correction seen last week; • Only if the index loses the 21 ema, and does a low lower than the previous low (4,060), we would see a mid-term bearish reversal structure; • So far, the situation seems under control. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: A Pullback in a Bull Trend.• The SPX is correcting today, however, it is still above the 4,100, indicating some strength; • If the index drops more, and loses yesterday’s low, we might see a sharper correction. Probably the SPX would lose the 21 ema in this scenario; • For now, it seems the bulls are in control, despite the pullback. As long as the index remains above the 4,100 / 21 ema, the gap at 4,218 is still our target; • The index is correcting, but there’s no clear bearish reversal structure on it yet pointing to a real reversal. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
SPX: Lost a Key Support. What's Next?• The SPX lost our key support at 4,100, and it did a correction to its next technical support, the 21 ema; • Now, it seems we have a bullish reaction above the 21 ema, however, this reaction wasn’t that good; • The bias is still bullish, as the index is still above the 21 ema, but would be important to see a more powerful reaction, preferably, closing above the 4,100 again; • Only if the index loses its 21 ema we would see a rejection of this bullish bias, and in this scenario, the next support would be the 4,015 (red line); • For now, let’s pay attention to the 21 ema and to the 4,100 area. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: Another Rally?• TSLA broke our key resistance at $200, indicating that this rally might persist a little longer; • Now, our previous resistance at $200 becomes a new support level for TSLA; • Now TSLA is way above the support at $182.50 and the 21 ema. This could indicate that it is overbought, but it won’t correct unless if it does a clear top sign, a so far, there’s none; • The next technical resistance on TSLA is the $237, which is around the 61.8% retracement in the weekly chart; • There’s a possibility it’ll find a resistance at the 50% retracement as well, but in order to do that, TSLA would have to do a top sign as soon as possible; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
SPX: Above a Support Level.• Yesterday, the SPX corrected just to hit our support at 4,100, and now it is stabilizing in this area; • We have been monitoring the 4,100 for a while, but we clearly stated that this was our support level in my previous analysis (link below this post); • It is still a risky situation, and if the index loses this support it might trigger a sharper correction to the 21 ema; • On the other hand, if it does a bullish structure today, this might be just a bullish continuation sign, and the index would resume the bullish bias; • In this scenario, there’s an open gap at 4,218, which would be our next target; • This is a critical key point on the index, and it all depends on how it’ll react from here. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
SPX: Trend Analysis + Next Key Points.• The SPX went up nicely last week, but it seems it is finally showing exhaustion signs; • Although a pullback is plausible, the trend would still be bullish, as the index is still doing higher highs/lows, and it lacks bearish reversal structures (it is showing exhaustion, but this is different than a reversal structure); • For now, let’s watch the support at 4,100 closely, as this is the next support level on the index. If it loses it, a sharper correction might occur; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
TSLA: Fantastic Reaction. 👍• TSLA is doing an important reaction, as it is trying to reject the Dark Cloud Cover candlestick pattern, our top sign from Monday; • This top sign wasn’t completely rejected yet, but even if TSLA resumes the drop, there are many support levels to hold the price; • The first support is the $154, then the gap area around $146. What’s more, there is the 21 ema, which is ascending right now; • A pullback to any of these support levels could be an opportunity to buy at a cheaper price; • The key resistance is the $182.50. If TSLA breaks the $182.50, then our next resistance level is the $200; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
SPX: This Could Change Everything. 👀• The SPX successfully rejected the Below the Stomach candlestick pattern from yesterday, and it failed in breaking the support at 4,015; • This is a sign of strength, and makes a correction to the 21 ema less likely; • The trend is still bullish, as it is still doing higher highs/lows, above the 21 ema (D), and there’s no clear reversal sign on it yet; • Although the SPX rejected the Below the Stomach from yesterday, it has yet to break the resistance at 4,100; • The 4,100 is a bullish pivot point, as seen in the weekly chart, and would be the first one since the bear market started in January 2022 - this could change everything and put an end on this bear market. The index already did an upwards breakout from the Descending Channel seen in the W chart; • For now, the key points are 4,100 and 4,015. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: Bearish Pattern Below a Resistance! 🤔• The SPX did a top sign, as it lost our 21 ema (1h) yesterday, and it did a quite powerful bearish candlestick pattern in the daily chart: A Below the Stomach pattern; • This reinforces our thesis that the index wants to correct, and the 21 ema in the daily chart becomes a technical target in this scenario; • The problem is that yesterday the index failed in breaking the 4,015 (red line), and if it does a clear reaction around this area then our thesis might get frustrated; • It seems the index is trying to react this morning, but it has yet to reject this Below the Stomach pattern seen in the daily chart; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
TSLA: Is This a Top Sign? Only if it Does This. 🤔• TSLA is still in a very strong bull trend, despite the correction this morning; • In the 1h chart, TSLA is still doing higher highs/lows, trading above the 21 ema; • As long as TSLA remains in a bull trend in the 1h chart, hardly it would trigger a sharper pullback in the daily chart; • The problem is that in the daily chart, TSLA failed in breaking the resistance at $182.50; • Even if TSLA loses the 21 ema in the 1h chart, and triggers a sharper correction in the daily chart, TSLA still has the 21 ema (D) as a mid-term support level; • In the daily chart, the 21 ema is near the gap area at $146, making this a dual-support area; • For now, let’s pay attention to the 21 ema in the 1h chart, and on how it’ll react now that it is almost at the resistance area around $182.50. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
SPX: A Dangerous Resistance. 👀• The SPX is correcting today, back to its 21 ema in the 1h chart, as usual; • In the daily chart, there’s still some upside left, as we have yet to retest the 4,100 area, but the index is quite far from its 21 ema in this time frame; • If it loses the 21 ema in the 1h chart, or does a clear bearish structure, then it might correct to the 21 ema in the daily chart, around the 3,800; • As long as the trend remains bullish in the 1h chart, hardly a sharper correction will materialize; • Therefore, let’s pay attention to the 21 ema (1h), and on how the index will react from here, as it is near the resistance at 4,100; • So far, no clear top sign. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
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SP:SPX
by Nathan_The_Finance_Hydra
13
SPX: Reached its Climax! What's Next? 🤔• The SPX did correct to the 21 ema, exactly as we expected in my previous analysis (link below this post, as usual); • Now it is going up again, trying to resume the bullish sentiment, but in order to confirm that, it must break the red line at 4,015; • If the SPX breaks this red line, it’ll trigger a pivot point, and in this scenario, the next resistance around 4,100 is the next target; • What could go wrong? If the SPX fails in breaking this red line, and loses the 3,889 again. That could be a Double Top chart pattern; • As long as it stays above its support levels, it’ll be fine, but a true reversal would only come if we trigger the pivot point; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
11
TSLA: Get Ready. 👀• It seems TSLA wants to correct from here. If it loses the dual-support made by the 21 ema + purple trend line in the 1h chart, we might expect a pullback to the 21 ema in the daily chart, at least; • The most important support level is the $123. Only if TSLA loses this key point it would resume the bear trend seen in the daily chart, and in this scenario, the $100 area might be our next stop; • What’s more, the $123 is around the 50% Fibonacci’s Retracement in the 1h chart; • TSLA will report earnings today, and in order to maintain the bullish bias it is important to stay above the 21 ema in the daily chart, despite any short-term correction due to volatility; • In addition, to confirm a true bullish sign, it has to break the purple trend line seen in the daily chart, connecting the previous top levels. If TSLA fails in doing so, and triggers a top sign under this line, the situation might get ugly (again); • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
16
SPX: Pullback Ahead! 😱• The SPX failed in breaking our target/resistance at 4k. This is a weakness sign, and it is trying to confirm a pullback today; • As I mentioned yesterday, in my previous public analysis (link below this post, as usual), a correction to the 21 ema in the daily chart is acceptable, but it must not drop too much below this point, otherwise, it might resume the long-term bear trend; • In my view, the 3,889 is the key support. If the SPX loses it, then the bear market will resume; • Meanwhile, the key resistance the SPX has to break in order to reverse the trend is the 4k. Only if the index breaks the 4k we might see something new; • Now it seems the index is in a no man’s land again. Let’s keep these key points in mind. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
TSLA: Broke Through our First Target! 🎯 What's next?• TSLA broke our first target at $140, which we mentioned last week (the link to my previous analysis is below this post, as usual); • Now, TSLA is above $140, trying to seek the next retracement, the 50% Fibonacci’s Retracement at $150; • So far, there’s no clear top sign, but TSLA will report earnings tomorrow, and the volatility is supposed to increase; • If TSLA loses the 38.2% retracement again, along with the 21 ema, it might completely frustrate the bullish sentiment, therefore, these are the key support levels to watch from here; • However, in the lack of bearish signs, we must assume the $150 is our next target; • I’ll keep you updated on this every day, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
SPX: Imminent Crash! Next Key Points to Watch.• The SPX reversed the short-term bull trend, as it lost our 21 ema in the 1h chart, failing in breaking the previous top (it did a Double Top chart pattern around the 4k); • In addition, it lost the support we mentioned yesterday, at 3,950, indicating a sharp correction – maybe even an overreaction; • Either way, the 3,950 is a new resistance on SPX, according to the Principle of Polarity; • Now, it seems the index is heading to the 21 ema in the daily chart, as I mentioned yesterday (link to my previous public analysis is below this post, as usual); • What’s more, it triggered our Shooting Star candlestick pattern, which reinforces the bearish sentiment, at least for now; • Let’s pay attention on how it’ll react around the 21 ema in the daily chart. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
6
SPX: Flying High! Next target + Trend analysis. 🤓• The SPX is in a short-term bull trend, as seen in the 1h chart, and only if it loses the 21 ema we would see a correction ahead; • In theory, it wants to hit the next resistance level, at 4,053, and as long as it stays above the 21 ema, this is the most likely scenario; • This reinforces our previous reading on this, as mentioned in our previous study from yesterday (link below this post); • If it loses the 21 ema, the next stop would be the 3,950 area. • In the daily chart, SPX did a top sign yesterday, a Shooting Star candlestick pattern. However, this pattern wasn’t triggered yet; • According to Bulkowski’s studies, a Shooting Star works as a bearish reversal 59% of the time, which is not that great; • Either way, SPX is still trading above its support levels, and even if it corrects in the daily chart, the 21 ema is there to hold the price as well; • As usual, I’ll keep you updated on this every day. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: INSANE Rally! Trend Analysis + Next Targets ✅• TSLA hit our first resistance: The 21 ema in the daily chart; • This corroborates with our reading, as stated on my analysis form Friday (check the link below this post); • Now, it seems TSLA wants to break the 21 ema, and in this case, it’ll seek the retracements; • The 38.2% Fibonacci’s Retracement is the first retracement to work with; • So far, there’s no clear top sign, or bearish structure around indicating a correction. Let’s see how it’ll close today; • What if TSLA corrects? The previous resistance at $123 becomes our new support level. Remember the Principle of Polarity: Previous support levels are supposed to work as future resistance levels, and vice-versa; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
SPX: These are the KEY SUPPORT/RESISTANCE levels to watch. ⚠️• The index is in a bull trend, doing higher highs/lows; • It seems it wants to correct today. If that’s the case, the next support level is at the 21 ema in the hourly chart; • The 3,950 is another key point, and if the SPX loses it, we would see a sharper correction in the daily chart; • In the daily chart, there’s a dual-support level around the 21 ema + 3,889; • So far, there’s no clear bearish reversal structure, but the 4k seems to be a strong psychological key point. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
TSLA: Complete Multi-Time Frame Study (H, D and W charts).• TSLA is about to correct today, however, we have yet to see a true breakout from our Trap Zone, which we analyzed in details on my previous public study on TSLA yesterday (link below this post, as usual); • Short-term speaking, if TSLA loses the 38.2% retracement, the next technical support is the 61.8% retracement. Usually, when TSLA finds a support at the 38.2% retracement (like it did on Jan 10), just to lose it afterwards, it ignores the 50% and seeks the 61.8% in a single move – this is not a rule, though; • The 61.8% is at $110. Keep this in mind, as we’ll get back to it near the end of this post; • Either way, the fact that TSLA is losing the 21 ema is another indicator that reinforces a bearish sentiment; • Could TSLA reverse the bear trend and seek higher levels? Sure, but as long as it stays under the $123, we won’t see any meaningful reversal; • The problem is that TSLA is in a bear trend in the daily chart, and even if it breaks its short-term resistance at $123, it has many other mid-term resistances; • We see the 21 ema as the first resistance, and beyond it, the Fibonacci’s Retracements; • In addition, although TSLA is trying to find a bottom, there’s no clear bullish reversal structure: No double bottom, IH&S, Cup & Handle… Not even a bullish pivot point; • In the weekly chart, TSLA confirms a bottom sign, as it triggered last week’s Hammer, but although it is a bottom sign, indicating a possible bounce, this isn’t a true reversal sign; • Remember the $110, the 61.8% retracement in the 1h chart? It is a key support level that has been holding TSLA’s price, and it is a support level from Sep 2020; • The mid/long-term bear trend would only resume if it loses the $110; • Therefore, these are the key support/resistances to watch from here. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3