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MARKET CRASH! PAYPAL $PYPL ANALYSISHey all, I know this is some of the first Stock analysis that I have put out on trading view, but for those of you who know me, I have been calling moves in the stock market on point since 2018. Known for: Called Shocktober of 2018 Called the Crash of 2020 (my call was for 3 days after the start of the crash, since COVID was the black swan catalyst that started its dive). Called the irregular V-Bottom Recovery for the Crash of 2020. Called the now forming start of the Crash of 2022 that Ive projected it to happen in Q1 2022, since the start of 2021. This Crash will be an overall trend reversal across major indexes, due to price action reaching a test of a macro scale .618 Fibonacci Extension. I've projected that the crash starting in 2022, will play out a similar style to that of the Bubble Pop that occurred in 1929, except due to the extensive size of the bubbled market we have today, this crash we will see in the market, will make the crash of 1929 look like its little BEEYYOTCH. Shown Here: Now to jump into this analysis. OVERALL MARKET ANALYSIS: After seeing for the first time in a very long time we have seen the major indexes like the SPX , DJI and other indexes all have failed to create a new higher high, despite making a lower low off this recent drop we have seen since the start of 2022. This has started a new downward trajectory for the market, that could lead into the projected crash that I have called to start in 2022. In addition to the FED re-introducing rate hikes as of Q2 2022, This will just add to all the inflation that is already happening i.e. current currency supply inflation, Consumer price index inflation, supply & demand inflation due to supply chain bottlenecking... Examples of how inflation is affecting not only the consumers but even the companies producing the products can be seen everywhere. We as consumers continue seeing prices rising with what looks like no end in sight. Manufacturers have been downsizing the products they produce and are still charging more for the same product just packaged a bit smaller now. For example Gatorade used to have the 32floz bottle size and used to be able to get them 2 for $4. Nowadays you will not see the 32floz size and instead you will see a 29floz bottle size and most commonly I see 2 for $6. Many products have been doing this to be able find extra product within the product they already produce and now use a slightly smaller container which both help cut some costs for the company while being able to produce the same product. NASDAQ:PYPL CHART ANALYSIS : Due to the major indexes making that lower low and then coming back with a lower high, this has started the downward trajectory, and as of Feb 2 2022, when the indexes made that top and the price turned around, You are seeing MAJOR PRICE DROPS across many of the individual stocks in recent days. The drops normally have been forming new large gaps in the chart, which led me to analyze any other possible gaps that are present that have NOT been filled to current date. The ONLY REAL chart analysis that is needed at this point is to follow the gaps in the charts, because as the old saying goes "Gaps Fill". As you can see here on Paypal's chart, we had been dropping from its highs since mid-2021 and also made a gap higher up in the chart in November 2021 that has yet to be filled from $216 - $224. The bottom of the gap was re-tested and failed, which resulted in a drop down to the .382 FIB Retracement, but upon its initial test, the price action broke below the .382 level. Although its attempt to hold that level, its initial break would be the cause for its continued move downward. Although we had what looked like a promising recovery off the .55 Fib Retracement level, this was SAVAGELY Shut down the same day that the major indexes put in the lower high turnover in price action. Combined with the market pricing in its dissatisfaction with the FED reintroducing rate hikes next quarter, the combined confirmations have woke up the bears from hibernation and they are HUNGRY. This SAVAGE rejection produced an instant GAP downwards of 20.5%, resulting in a GAP from $141 - $176. This has yet to be filled, as marked on the chart. The drop down to this level has filled a GAP that was left unfilled from May 2020, and is now filled. Which is a slightly positive observation. We could have seen the gap that we just formed possibly fill, if the price action was able to break the bottom of the GAP which sits right on top of the .618 FIB Retracement level, and with the GAP candle forming under the .618 fib retracement, this produced a further move downward, creating a move further downward to the $123 price level. Currently, we have the candle from last Friday (2/4/22) form candle body support on top of the .706 FIb Retracement level and that correlates to holding support on top of a Double Top that formed formed from the start of 2019 up to the crash of 2020. PREDICTIONS: Overall, there are plenty of swing trade opportunities all throughout each of the moves the market makes. But overall, a short/downward price action bias is still overwhelmingly strong right now A) From this level we could see a move to re-test the .618 Fib Retrace, resistance level at $141. IF it does re-test the .618 fib retracement, the probability of being rejected is HiGHLY LIKELY due to the strength of the .618 fib levels overall, but that would also mark the top of the now filled GAP from May 2020. And considering the time frame as to which that would happen, that would be around the start of Q2 2022 which is when rate hikes would be started again. A break of such a strong fib level also has a very low possibility due to the move that was just made downward as well. B) Whether we re-test $141 or we re-test the $128 level, which is the bottom side of the May 2020 Gap that's been now filled. The current candle body support on the .706 FIb Retracement level is below this $128 GAP resistance and also below the last long term ascending trend line that we had. The confluence of bearish confirmations would mean that the bottom side of that GAP would result as a new resistance point for the chart and seeing that there is yet another unfilled GAP from April 2020, we are most probable to see a move that pushes us down to the $94 - $96.50 price level. A Key indication of what the next move would be from this GAP fill would be whether or not the price action can recover and wick back above the .865 fib retracement to hold candle body support. C1) IF it can recover the .865 fib level, that could fuel a trend to the upside to re-test the .786/ .706/ .618 fib retracement levels, A break and hold of support of each would allow us to fill the November 2021 and February 2022 GAPs. C2) Keep in mind that there is also a GAP that is from April 2017 that is yet to be filled that sits down at the $45 -$46 price level. After filling the April 2020 GAP at $94 - $96.50, If we CANNOT recover the .865 Fib Level and start to close daily candles below $100, the probability of yet another move downward to the April 2017 GAP would be inevitable. We would see some indicator and oscillator relieving support at the 1 Fib Retracement level and then ultimately the 1.618 FIB Retracement level sits down at $37.50.. CONTINGENCIES: There are a couple of things that would create the opportunity but also the ability to continuously capitulate in a waterfall down, 85% to fill the April 2017 GAP and down 88% to find support at the 1.618 fib retracement level. These factors would include any of the following: FED not realizing that the market will continue to capitulate as long as the are integrating Rate HIkes. Of which, start in Q2 2022 with up to a 1% rate hike, Q3 2022 with up to a 2.15% rate hike, and Q4 2022 with up to a 3.25% rate hike. Then for 2023 the continued rate hikes are projected at 3.25% and up based on FED evaluation. They do not plan on decreasing rates by any means until their have drastically reduced their $9.5 Trillion Balance of Mortgage Backed Securities (Debt Treasury Bonds) that they have bought from the banks in the form of bailouts. This balance does not include any of the passed budget plans that has required the FED to create new currency to fund budget plans which also include all the stimuli for COVID-19 and EDD funds to each state to continue to payout Unemployment claims, PUA and PEUC benefits to everyone. NOT Reverting back to 0% rates will continue to impact the market with detrimental effects from the roughly $25-$30 Trillion dollars that have been created in the past 2 years. With how long the rates have been at 0% - 0.5% prior to COVID and then during the last two years, having maintained a 0% rate, while we also have been creating obscene amounts of new currency to be able to provide liquidity for everything that would be to simulate the economy velocity or to pay for COVID related expense, and bank bailouts. Another detrimental factor that comes into play are that physical fiat currency will NOT be made for most of the amounts that have been generated for liquidity. Which means that the Federal Stimulus direct deposits and checks, the bank bailouts, and the liquidity given to states to fund the Unemployment and PUA and PEUC benefits were all sent out using currency digits. Currency Digits = newly created currency from the FED that does not create new physical fiat currency to account for the newly created currency amount. Instead this currency amount is transferred as digits and then the debt is held in Treasury Bonds. Problem is that those T-Bonds become a ticking time bomb, cause the FED has been creating new currency digits to give out at a 0% rate, but then has to turn around and buy up defaulted mortgages and debt bailing out the banks to then make new Treasury Bonds for the new debt its bought, of which all banks and other country's banks and governments would bid to be able to acquire these T-Bond'd backed securities of debt for an incentive i.e. profit %, tax cut, lump sum payout for holding it. But when you have every other Country in the world that is having their own economic crisis that takes them out of the picture and banks cant buy up the T-Bond debt like they usually would because they would have to ask their sugar-daddy (The FED) for liquidity to be able to buy up the T-Bond Bills..Now these T-Bond backed securities of debt have no one buying them up and they will eventually come due,. Take a crazy guess as to what willl happen then?.... Yup thats right, more new currency to be able to High Frequency Algorithmic Trading bots Fueling excessive moves downward due to the nature of which they are coded to use indicators and oscillators that reflect current market momentum and strength. Just as they did during the Crash of 2020. Many of the anchors on MSNBC would frequently discuss/complained about how these HFT Bots were continuing to drive the price down uncontrollably. Overall High Inflation combined from the new Rate Hiikes (1%-3% per quarter), the Consumer Prince Index Inflation (avg. 7.1% ea. month), the Current Currency Supply (physical fiat) inflation (avg 28% YoY) combined with decreased Economic Velocity with force people into another economic indeflation where mass deflation and inflation are being made at the same time -- deflation made by the fear of markets downward trends and consumers reverting to mattress savings of cash, and inflation made by the government creating new incentives for people to apply credit and loans, new stimulus handouts, and any other way they can think of to stimulate the economy and continue to have velocity.. There you have it, a combined analysis of short term and long term price targets, analysis of the market overall plus $PYPL charts specifically, and then a cross analysis of how current and future economic conditions could and would effect the price as well. If you found this helpful, Please remember to leave a Comment, Give this post a like and so you do can get regular updates for my analysis whenever they are posted, Follow me and make sure you have notifications turned on!
NASDAQ:PYPLShort
by Gamblers_Paradise
11
SPX: Buy amid panic? Let's see...Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it lost the support level we mentioned yesterday, however, it seems it just dropped to its next support, and now we see a very good reaction. In the 1h chart, the index filled the previous gap, making it an Exhaustion Gap, and it is triggering a pivot point as well. These are signs of bullish reversal, but the situation is still very dangerous. The index is still under its 21 ema, and it seems it needs more bullish structures to confirm a true short/mid-term reversal. If this happens, the gap at 4,472 would be its next target. When we look at the daily chart, we see a powerful candlestick today, closing above the last two support levels, and this is another bullish sign. The volume is starting to increase again too, and this is important. Remember, the volume must confirm the trend (Dow Theory 5th tenet). Since I always had this contrarian style, when I see movements like this, or when I see people panicking, usually I find the best opportunities around. As Nathan Rothschild once said: "But when there’s blood in the streets". Use the emotional traders and investors in your favor. However, we must do this calmly, with caution, and using a proven methodology. Personally, I see many amazing opportunities right now. I’ll keep you guys updated every day on this, so, remember to follow me to keep in touch with my daily updates.
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: Great opportunity to BUY? Let's see.Hello traders and investors! Let’s see how TSLA is doing today! Despite the crash, TSLA made a very technical move that shouldn’t be a surprise to no one. As we mentioned in our yesterday analysis (link below), the moment it lost its support level, it dropped more $ 100, and now it is reacting as expected. The support level that held TSLA today was the purple trend line along with the black line (Sep 2021’s support). This dual-support level worked nicely today, and the volume is finally increasing. If you didn’t know better (that there’s a war going on), you would see this movement just as a retest of a support level in a bear trend. This movement is good, but TSLA has a few challenges to overcome. Let’s see the 1h chart: Yes, TSLA is triggering a mini pivot point, a reversal pattern. The problem is, the 21 ema is very close to the red line at $ 792, and although TSLA is breaking it right now, I wouldn’t be too greedy on this. It could easily do a correction again from here tomorrow. If TSLA confirms another reversal sign, the gap at $ 920 will be the next target. I think that we have a good opportunity, but we should go easy on it, as the trend is still bearish. As you guys know, I always like to buy when there’s blood in the streets, but we must do it patiently, as the market confirms our thoughts, using a solid and proven strategy. In my view, there are stocks much more interesting than TSLA, but I’ll always keep you guys updated every day on this, so remember to follow me to not miss any of my future analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
20
AAPL: Possible reversal pattern? Some scenarios to work with.Hello traders and investors! Yesterday, AAPL hit our target and it filled the gap we mentioned in our last study. Now, what to expect next? Now that the markets crashed, we have some interesting key points to watch. In the 1h chart, AAPL is recovering nicely, and if it fills the last gap at $ 159.75, this will confirm an Exhaustion Gap, and that might be the first sign of a possible reversal in the future. However, it is important to stress that for confirmation sake, it would be good to see AAPL doing a clear bullish chart pattern in the 1h chart, and so far, we have none, so the trend is still bearish. If AAPL closes above the black line at $ 157.17 in the daily chart, it’ll be another good sign. Today’s candlestick is quite powerful, and despite the drop, some might see it as a risky buy. I won’t judge, since I understand, but again, I would wait for more confirmation in the 1h chart. Without any other meaningful bullish sign all we can assume is that AAPL is seeking the $ 147 again. But, where would be the target if AAPL truly reverses? Look back at the 1h chart, and pay attention to the last 3 open gaps (yellow squares). I see AAPL filling all of them, triggering the Gap Reverse Ritual pattern (yes, I invented that name, as no one else did). The Gap Reversal Ritual never failed me, and the last time we saw it was on NVDA, and I did a public analysis about it (link below, if you are curious). This pattern is quite hard to work with, but if you nail the right timing, it might give you great returns. I’ll keep you updated on this, so remember to follow me to keep in touch.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
NVDA: This is the MOST important RESISTANCE for the short-term.Hello traders and investors! Let’s see how NVDA is doing today! In the 1h chart, we couldn’t fill the gap at $ 228, but we almost hit there. Now, we see the beginning of a reaction, and this might be something good. However, we don’t see a true reversal pattern yet, only a sideways correction. The trend is still slightly bearish, as we are under the 21 ema (and it is pointing down). Everything could change the moment NVDA breaks the $ 237 again, and starts trading above the 21 ema. The daily chart reveals a strong bear trend, and the purple trend line is the main resistance for us in the mid-term. If NVDA breaks the 21 ema and $ 237 in the 1h chart, we can expect another retest of this purple line. Now is the best time for a reaction, as we are holding above the 61.8% retracement. The technicals suggest a short-term reversal, but NVDA must trigger its signs first. Let’s pay attention to the key points mentioned in this analysis for now. I’ll keep you guys updated every day, so remember to follow me to not miss any of my future analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3
AMD: Time to buy or to sell? Watch these KEY POINTS for now!Hello traders and investors! Let’s see how AMD is doing today! We have some points to update since our last study. It is good to see how AMD looks resilient, as unlike many other stocks, it is not losing its key supports in the short/mid-term. I was hoping it would fill the gap at $ 105, and it still could do it, but we have a possible bullish reversal sign right now. In the 1h chart, we see a possible Inverted H&S chart pattern. I say “possible” because the pattern wasn’t triggered yet, but if it does, AMD could easily reverse to the $ 132 again and fill its gap near the previous top. The trigger point for this IH&S is the $ 118 area (red line). This is the only bullish pattern I see around that could save ADM from the $ 105. So far, the Fibonacci’s retracements have been doing an amazing job holding the price, and only if we lose 61.8% retracement I will believe in sharper correction. For now, I’ll remain neutral, just waiting for an opportunity. Therefore, let's pay attention to the key points mentioned in this analysis, as they might offer good opportunities for us in the near future. Remember what the greatest trader that ever lived once said: “There is time to go long, time to go short and time to go fishing.” - Jesse Lauriston Livermore. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
1
SPX: What could technically reverse the trend? Check this out!Hello traders and investors! Let’s see how the SPX is doing today! First, it hit our target at 4,292, and it seems we see some reaction in this area. We identified the 4,292 as an important support level, and so far, it is working. The link to my previous analysis is below this post. The fact the index is stabilizing in a support area is a good thing, however, it is not enough to reverse the trend. Remember: Trends persist, until a clear reversal occurs (Dow Theory 6th tenet). No clear reversal? It is still a bear trend. However, we do have a possible reversal chart pattern, which is still in formation. We see a possible Double Bottom chart pattern, and for this pattern to be triggered, we must break the 4,333 (the peak between the valleys). This would break the 21 ema at the same time, and the target for this bullish leg would be the Breakaway Gap at 4,472 (red line). The index is in a support level in the daily chart too, as evidenced by the black line. So far, this drop was intense price-wise, but weak volume-wise. This makes the index more vulnerable to catalysts, and the volatility might increase dramatically when this happens. Despite the possible bottom sign in the 1h chart, we see no meaningful reaction in the daily chart that justifies a buy at this moment, but I agree that we could see one soon. If this reaction could reverse the mid-term trend as well, it is a different story. Either way, I’ll keep you guys updated every day on SPX, so remember to follow me to not miss any of my future analyses.
SP:SPX
by Nathan_The_Finance_Hydra
1
TSLA: The LAST support in TSLA! It must react quickly!Hello traders and investors! Let’s see how TSLA is doing today! As we mentioned yesterday, TSLA is trading at the support area, around $ 792, which is the most important support level for the mid-term. Now, is the last chance for TSLA to react, and if it doesn’t, it could easily drop more $ 100 at least. Remember, the link to my previous analysis is below this post. So far, it seems it is trying to stabilize in this area, but just some stabilization is not enough, and we must see a true bullish reversal structure in order to believe TSLA is a buy again. As long as this doesn’t happen, I’ll remain neutral, as the risk/reward ratio is not good for short-trades, but there’s nothing telling me to buy TSLA right now. However, if we see a bullish reaction, the gap at $ 920 would be our next target. Remember: TSLA always filled the gaps that appeared above the price, 100% of the time. This is not true for gaps that appeared under the price, though. This is why if TSLA loses the $ 792 for good, it could drop at least more $ 100. The next support in the daily chart is this purple trend line, and it wouldn’t be interesting at all for TSLA if it retests this level. The volume is low, and this makes the stock vulnerable to catalysts, good or bad. So far, we see no meaningful buy signal, but the moment it does, it would be an incredible buy opportunity. I’ll keep you guys updated every day, so remember to follow me to keep in touch with my analyses.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
17
TSLA: Next supports/resistances to know! - Complete analysis.Hello traders and investors! Let’s see how TSLA is closing this week! First, in the 1h chart, it dropped sharply after it lost our support level at $ 878 (gap). Now, we must update our key points. Yes, TSLA lost yesterday’s support, however, it is a good thing that it stopped dropping after it filled our gap at $ 847. This indicates to us that this is another important price level for TSLA, and it won’t be easy for it to lose this point. Since TSLA dropped sharply from its previous top, a pullback to the 21 ema is expected now that we reacted at our support. In the daily chart, we see that the $ 847 is very close to the 61.8% retracement in the daily chart, which reinforces our idea that TSLA found a bottom (at least for now). The volume is still low, and despite the good reaction in the 1h chart, we don’t have any bullish confirmation in the daily chart. Of course, the 1h chart will always be the first one to react, and this could be the beginning of a bounce back up to their next resistances, but I would like to see confirmation in the daily chart too. What are the next resistances? The $ 878 is our immediate resistance in the 1h chart. What if TSLA loses the $ 847 again? Then the next support is the $ 814. Either way, we must wait for confirmation next Tuesday. Personally, I would be very happy to buy TSLA if it reacts, as it seems I would be buying near a support level in the weekly chart: It seems the problem in TSLA, as you can see this on the daily and weekly charts, is the low volume. This is a problem and a good sign at the same time, to be honest. It is problematic because we must wait for the volume to increase again in order to see a new good movement. It is a good thing because TSLA is dropping because the market is just afraid. Investors don’t want to buy high-growth stocks in the current scenario, and this makes stocks like TSLA weak and vulnerable. If it was dropping due to true sell pressure, that would be a real problem. Nevertheless, it seems no one wants to short TSLA now, probably because we are near support levels, and it is too late for that – a good sell was at $ 1,200, not at $ 800. We must watch TSLA carefully, and I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my analyses.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
8
AAPL: Our next support levels! Complete trend analysis.Hello traders and investors! Let’s update our thoughts on AAPL today. In the 1h chart, AAPL filled the previous gap, and it lost the previous support at $ 170, reversing the trend and now it looks bearish. The next support for it is the $ 166 area (green line). Any reaction there could be a buy sign, but we must wait for confirmation. If AAPL loses this green line, then the next support level is the gap at $ 159. In the daily chart, AAPL is quite weak, trying to lose the 38.2% retracement. Usually, when a stock respects the 38.2%, as AAPL did on Feb 14, if it drops again it ignores the 50% and goes straight to the 61.8%. The 61.8% retracement is going to be a strong support for AAPL, if it drops to this point. Now only because it is an important retracement, but because it is exactly where the 21 ema is in the weekly chart: Lon-term speaking, AAPL is still bullish, and a pullback to its 21 ema wouldn’t change this view. For now, we must keep our eyes on the $ 166 area, as it is our immediate support level, and wait for more signs. I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
1
NVDA: Breaking all its supports! What's next for us?Hello traders and investors! Let’s see how NVDA is doing today! It is crashing, so we have a few things to update. This is going to be a complete multiple time frame analysis (MTFA). We'll study the H, D and W charts. In our last analysis, yesterday, we identified a support level at the purple trend line, which was lost today. We can’t say NVDA is bullish anymore, but is there still time for a reaction? Right now, with the information we have, we must assume it is heading to the gap at $ 228. As long as we don’t see any meaningful reaction, NVDA will keep dropping to its support levels. The only thing that could save it today would be if it reacts, and closes above the $ 237 area (previous support). This could be a false breakout and a bear trap. It’ll all depend on how it’ll close today. In the daily chart, since we hit our purple trend line again, it has been just dropping, and the 61.8% retracement is its last support in this time-frame. Since this retracement is quite close to the gap mentioned in the 1h chart, it seems this is going to be a strong support area, and NVDA has good chances of reacting there. NVDA still looks bullish in the weekly chart, but it is giving signs of weakness. In the past three weeks, it couldn’t break its 21 ema at any cost. In fact, look at the size of the shadows of the last two candles. Every candlestick tells a story, and the fact the buyers tried very hard to keep this up, and were dragged down like this, is never a good sign. This is a true sign of weakness. For the short/mid-term, we must keep our eyes open if we’ll see it reacting and closing above its support. If not, then our gap is the next target to work. In the long-term, NVDA requires a strong bullish structure to become bullish again. I’ll keep you guys updated, as usual. Remember to follow me to keep in touch with my daily analyses on stocks and indices.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
8
AMD: Is there any hope for it? A complete analysis.Hello traders and investors! Let’s see how AMD is doing today! First, it did trigger the Bearish Flag we mentioned in our last analysis, and it seems it is just heading to the $ 105 (previous gap). The link to my previous analysis is below this post. The trend is clearly bearish, and there’s not a single bullish sign around, and this is the only thing that could save AMD now. Remember, trends persist until a clear reversal occurs ( Dow Theory 6th tenet). No clear reversal sign? The bear trend will persist. Trading is reactive, not predictive. In the daily chart, we see that AMD is losing its 61.8% retracement, indicating a possible further drop. Our previous support in the daily chart is the $ 99.67 area, and we can see this point better from the weekly perspective: Last week, we did a a candlestick pattern called Dark Cloud Cover, just under the 21 ema, and we are triggering this pattern this week. This reinforces a bearish thesis, and the area at $ 99.67 seems quite important. This point was a resistance on Jan 2021, was a support multiple times in Sep – Oct last year, and was a support last month too. As long as we don’t see nothing surprising on AMD, the $ 99.67 is our next target. I’ll follow it closely and keep you guys updated. In this case, remember to follow me to keep in touch with my daily analyses.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
5
SPX: Crashed today! Where are our next supports?Hello traders and investors! Let’s update our thoughts on the SPX today! First, in the 1h chart, it filled the previous gap at 4,411, and now it seems the index is seeking its next support at 4,365 (red line). If this drop was reasonable or not, it doesn’t matter, but I find it curious that it did a Breakaway Gap today. This usually means panic. Either way, the support at the red line is the most important one, and we must focus our attention there. When we look at the daily chart, we have more clues: Coincidence or not, the red line in the 1h chart is at the same price level the 61.8% retracement is in the daily chart. This makes this point a very strong support, and it won’t be easy for the SPX to break it. If we do lose it, the index could easily drop more 90-100 points to its next support area. However, I’m personally skeptical of any movement here, as the volume is still low. All we can assume is that this is a bear trend, and as long as it stays under the 21 ema, doing lower highs/lows, it won’t reverse again. Let’s focus on its support levels for now, and see what happens. Either way, I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
3
AMZN: Two scenarios to work with! [UPDATED]Hello traders and investors! Let’s see how AMZN is doing today! I'm updating the key points I mentioned in my previous analysis (link below). First, in the 1h chart, it failed miserably in breaking our previous resistance at $ 3,169, so, no bull trend here. However, this is not a bear trend as well, as there’s no lower highs/lows. Instead, we see a sideways correction between the two black lines. From here, we can imagine a few scenarios on AMZN. If it breaks the upper black line, great, it’ll be bullish again, and the $ 3,337.56 would be our next target, as evidenced in the daily chart below. However, by losing the lower black line, the red line at $ 3,034 would be its next stop. In the worst-case scenario, it could lose this red line and fill the last gap (yellow square). As we see in the daily chart, the green line is the $ 3,337.56, and it has a reason why it is our target: It is a previous resistance. Since AMZN is doing higher highs/lows in the daily chart, this would be our next stop after doing a new high. On the other hand, by losing the red line, we see that AMZN would trigger a bearish pivot point, a bearish reversal structure and it would do a lower high/low, frustrating the bullish thesis. Therefore, we must watch all these key points very closely from here. The moment is decisive on AMZN, and I’ll keep you guys updated on it. In this case, remember to follow me to not miss my future analyses.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
1
TSLA: Crashed today! Time to panic-sell?Hello traders and investors! Let’s update our thoughts on TSLA today! As we mentioned in our previous analysis, the $ 896 was the most important support level, and that said, the moment we lost it today, TSLA melted. However, it is not doing anything unexpected. In fact, it is doing what I said would be “the worst-case scenario”. The link to my previous analysis is below, as always. First, in the 1h chart, TSLA lost its 21 ema, along with the $ 896, just to fill the last gap at $ 878, and to retest the purple line area, which was a technical target we already mentioned. To me, TSLA is inside a huge Ascending Triangle pattern, and since we are near its bottom, it is time to react. However, TSLA must react quickly, preferably tomorrow, in order to reverse and seek the $ 943 again. Otherwise, it’ll resume the bearish bias all the way down to the 61.8% retracement in the daily chart, at least. It is important to stress that although we are near support levels in the 1h chart, TSLA is still in a bear trend in the weekly chart, and its 21 ema is working as an annoying resistance. Another thing is that the volume must increase, or it won’t go up properly. Remember one of the most important Dow Theory’s tenets: The volume must confirm the trend. For now, we must wait for a proper reaction near its support before calling TSLA a buy again. Since we at support levels, I don't think this is the time to panic or sell. Instead, we must calmly watch for more signs, as are during times like this that the best opportunities to buy usually appear. Either way, I’ll keep you guys updated every day on it, so remember to follow me to not miss any of my analyses.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
SHOP: Is it a good idea to BUY the DIP?Hello traders and investors! Let’s see how SHOP is doing today! It is crashing after earnings, but is it now a good time to buy? After all, “buy when there’s blood in the streets”, right? Personally, I always like to buy the dips, never the tops, however, as I like to say, there’s a right way of doing it – and there’s a wrong way. The charts can help us a lot here. Yes, SHOP dropped from $ 1,700s to $ 700s, and it seems nothing can help it. This week, we filled a gap at $ 765, from June 2020, and this is interesting. Remember: Gaps work as magnets. This gap could become a very good support level for SHOP, however, we must always wait for confirmation. So far, there’s not a single bullish reversal sign, and as far as I know, it still could drop more, to the next support at $ 683, so caution is advised. What could be a bullish reversal pattern? Any bullish candlestick pattern in the weekly chart, like a Bullish Engulfing, Piercing Line, etc. Alternatively, a bullish chart pattern in the daily chart, like an Inverted Head and Shoulders, a Bullish Pivot Point, Double Bottom, etc. Let’s never buy something because it dropped too much, because it is near support levels, or it “looks oversold”. Let’s use technical analysis in our favor, as we can enhance the odds in our favor, and do the proper risk management using charts. Either way, we must wait for more signs, but SHOP is a good stock to add to our watch list. I’ll keep you guys updated, so remember to follow me to not miss any of my future analyses.
NYSE:SHOP
by Nathan_The_Finance_Hydra
AMD: Triggering a Bearish Flag? Time to panic?Hello traders and investors! Let’s see how AMD is doing today! First, AMD triggered the pivot point in the 1h chart that we mentioned in our last analysis (link to it is below this post), however, the market is trying to frustrate our previous bullish thesis. Let’s update our thoughts. The problem on AMD is that it is triggering a possible Bearish Flag pattern in the 1h chart, and this could lead us to the open gap at $ 105.39, which is a nice target for us here. There’s still time for a reaction, and AMD could avoid this bearish scenario, but it must react quickly in order to reject this pattern. In the daily chart, we see that it wouldn’t be easy for AMD to drop all the way to the last gap, as it has its Fibonacci’s Retracements working as support levels too. For now, I must say I’m neutral on this, as we see better options around, but it all depends on how it’ll react from here. Any good reaction now, or at the gap at $ 105 could be a great opportunity to buy or add positions. I don't see it as an opportunity to sell, as the Risk/Reward ratio is not attractive to me. I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
SPY: Bullish reaction or Dead Cat Bounce?Hello traders and investors! Let’s see how SPY is doing today. Yesterday, we successfully identified a bottom level, and now it is reacting accordingly. What’s next? In the 1h chart, it gapped up, and now it is trading above the 21 ema. This is a very good sign, and in theory, it will keep trending as long as we don’t see a reversal around. What could ruin the bullish bias? If it loses the $ 443.22 (green line). Then SPY could easily fill the gap at $ 440. Now, let’s see the daily chart: There’s still some upside potential, and here we see clearly why I said the index was close to its bottom yesterday: It just hit its 61.8% retracement. Today’s reaction confirmed a good reaction, therefore, I see it at its 21 ema next. The link to my previous analysis is on the link below, as always. If it'll do a Dead Cat Bounce or not, we'll know in a few days, especially if it actually retests its next resistance. For now, we must wait for more confirmation and see how it'll react near its next resistance. Remember, technical analyis is reactive, not predictive. For now, we can only guess. Although pullbacks are plausible, SPY must not lose its green line in the 1h chart, otherwise it could drop to the 61.8% retracement again. I’ll keep you guys updated on SPY every day, so, remember to follow me to keep in touch with my daily analyses.
AMEX:SPY
by Nathan_The_Finance_Hydra
42
TSLA: Where's the next resistance? Is this a Dead Cat Bounce?Hello traders and investors! We successfully identified yesterday as a bottom level, and today it is going up sharply after it triggered the key point we mentioned. In our previous study, I mentioned the $ 896 as our main key point. Today it broke this point by doing a Gap, making it a Breakaway Gap. TSLA could retest the $ 896 as a support again in the future, and this wouldn’t ruin the bullish bias – in fact, it could just be another buy sign. It must not lose this support again, though, as the gap at $ 847 might work as a magnet for the price. However, as long as we stay above this line, TSLA will remain bullish. Now, it seems we are just heading to the $ 943, and if we don’t see anything surprising, we could hit it this week. When we look at the daily chart, we see that TSLA is reacting at its Fibonacci’s Retracements, and as I mentioned in our last study, this is the best place for a reaction. The link to my previous analysis is below this idea, as usual. It seems to me TSLA is heading to the $ 943, but I agree that the 21 ema might offer some resistance in the short-term. If we fail in breaking the ema, the market might see this just as a Dead Cat Bounce, and this is why we must pay attention to this level in the next few days. Yes, TSLA has its risks, but given today’s reaction, it seems it is becoming bullish again. Let’s follow it closely from now on, and I’ll keep you guys updated on this, so, remember to follow me to not miss my daily analyses.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
1
AMD: This pivot point could trigger a reversal on it!Hello traders and investors! Let’s see how AMD is doing today! First, the stock failed miserably in retesting the $ 141, which is still a technical target for it, but the moment it lost its 21 ema it got too weak. However, the recent drop seems ok, as it just went down to fill the previous gap at $ 117.26, and it seems it is stabilizing in this area now. Remember: Gaps work as magnets, and they are nice support/resistance levels to work with. Now, the most important key point to watch here is the green line at $ 118.37. This point is a pivot point, and since AMD already did a higher low, by doing a new higher high it’ll be a good sign that the trend is reversing. By breaking this pivot point, the next gap at $ 132.33 is the next target to aim, at least in the short-term. For now, we must wait for more confirmation. In the daily chart, we see that this reaction couldn’t be more convenient. We have many Fibonacci’s Retracements to hold the price, and it seems the area around the 50% and the 61.8% is doing a great job. The only scenario where AMD would be bearish is if it fails in triggering the pivot point, and loses the 61.8%. In this scenario, it could easily retest the $ 99.67 again. For now, it’ll be extremely important to watch the pivot point in the 1h chart, and to monitor the retracements in the daily chart. I’ll keep you guys updated on this, as usual, so remember to follow me to not miss any of my future analyses. Have a good day, Nathan.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
NVDA: We nailed the bottom! What's the next target?Hello traders and investors! In our last study on NVDA, last week, we did a very competent job, and we nailed where the bottom would be. Now, it is going up sharply, so we must update a few things. Oh, and the link to my previous study is below this post, as usual. In the 1h chart, NVDA did exactly as expected, and hit our support level at $ 239, and I did a bullish pattern there, as I warned – in this case, a classic Double Bottom chart pattern. Now, NVDA is flying, and it seems it wants to retest the previous resistance at $ 269.12 (green line). In addition, it did a Breakaway Gap today, indicating some strength. However, there is still a reason to be cautious, which is the purple line in the daily chart. This line tells us that NVDA is still bearish in the daily chart, and we must watch it carefully around this line, as any top sign could make it drop again. Given the reaction in the 1h chart, it has good chances of breaking this resistance, but we must wait for more confirmation. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses. All the best to you, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
NVDA: What's the problem with it? A Multi Time Frame Analysis.Hello traders and investors! Let’s see what’s the problem with NVDA, and do a Multi-Time Frame Analysis (MTFA) on it. In the 1h chart, it seems it just filled its previous gap, and it is heading to the next support at $ 246. However, despite the lack of bullish reaction, the trend is still bullish (in the short term), as NVDA is still doing higher highs/lows. It could be a stronger trend, yes, as we are below the 21 ema now, but it is still bullish. If NVDA loses the $ 246, the bull trend will get weaker, and it might retest the $ 239 in sequence. The recent bearish reaction shouldn’t be surprising, as in the mid-term, NVDA just hit a resistance level: We hit the purple trend line in the daily chart, and although NVDA is really trying to reverse, it seems to me it must break this line for good in order to say it is a bull trend in the mid-term again. Ok, so, we have a bull trend in the short-term, bear trend in the mid-term. How about the long-term? We have another resistance here, which is the 21 ema. If it closes above the ema this Friday, great, I’ll consider it a good sign. The trend is clearly bullish in the weekly chart, and maybe this last drop will be part of a huge Flag pattern in the long-run. For now, we must keep an eye on the next support levels, and wait for a good reaction there. If this happens, the mid-term trend might reverse. I’ll keep you guys updated on this. If you liked my analysis, remember to follow me to keep in touch with my daily studies, and support this idea if it helped. Have a good weekend, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2