• 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 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...
• 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,...
• 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 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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 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...
• 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...
• 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 +...
• 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...
• TSLA is still trading inside a “Trap Zone”, between the support level at the 21 EMA, and the resistance level under $123. Since the 21 EMA keeps climbing, it’ll squeeze the price in a tighter range as time passes, and soon, it’ll have to do a breakout; • If TSLA does a downwards breakout, and loses the 21 ema, probably it will seek the 61.8% Fibonacci’s...
• Despite the Shooting Star from yesterday, it seems the SPX found a strong support level at the 21 ema; • As stated yesterday, on my previous public analysis on SPX (link below), this movement could be just a pullback to the 21 ema, just to resume the bull trend again; • Therefore, the 21 ema is our key support level, and only if the index loses it, we would see...