


Price Action Breakdown: * Today's Performance: QQQ opened lower but found support near $520.65, with a minor recovery toward $522. * Support and Resistance Levels: * Resistance: $527.63, with $530 acting as a psychological level. * Support: $520.65, followed by stronger support near $514.39. Indicators: * MACD: MACD shows bearish momentum, with the signal...
Technical Analysis for AMZN (Dec. 10, 2024) Price Action: * Opening Movement: AMZN opened with bullish momentum, continuing its trend from the previous session. It tested the $230 resistance level, coinciding with the Highest Positive GEX and psychological significance. * Mid-Day: The price started consolidating between $225 (support) and $230 (resistance),...
Price Action: * Opening Movement: At market open, AAPL exhibited a strong upward momentum, driven by sustained buying pressure, pushing the price above key resistance levels. * Mid-Day: Consolidation occurred around the $247.5 zone, aligning with significant GEX levels, indicating a potential pause for profit-taking and repositioning by traders. * Closing Trend:...
Key Levels to Watch 1. Resistance Levels: * $390 (2nd Call Wall): A significant gamma-based resistance zone where market-makers may adjust their hedging activity, potentially capping upside momentum. * $400 (Next Key Level): Breaking above $390 with strong volume could lead to a rally toward $400, supported by bullish momentum. 2. Support Levels: *...
Current Market Structure * SPY is moving within an ascending channel, with higher highs and higher lows. * The price is currently consolidating just below the key resistance level of $609.07, indicating indecision. * The MACD indicator is flat, with a potential crossover, suggesting a possible breakout or breakdown in the near term. Key Levels to Watch 1....
Market Overview * TSLA has been trading in a clear uptrend, with a strong push to retest the resistance zone at $399.00. * A rising wedge pattern is forming, which could signal a potential pullback if momentum slows. * Volume is declining on the latest push upwards, suggesting reduced buyer enthusiasm near resistance. Key Levels 1. Resistance: * $399.00:...
As of December 8, 2024, ANET is trading at $109.00. Here’s an in-depth analysis and trading strategy for this tech leader. 1. Fundamental Analysis: Leveraging Network Technology Growth * Forward P/E Ratio: 25.3, suggesting a fair valuation for a high-growth technology stock with strong fundamentals. * Expected EPS Growth: Projected 18.5% 5-year EPS growth, driven...
As of December 8, 2024, NVIDIA is trading at $141.92. Here’s a detailed analysis and trading strategy. 1. Fundamental Analysis: NVIDIA's Dominance in AI and GPUs * Forward P/E Ratio: Approximately 29.5, reflecting a premium valuation indicative of strong growth expectations in AI, gaming, and data center markets. * Expected EPS Growth: A projected 20% 5-year EPS...
As of December 8, 2024, Palantir Technologies (PLTR) is trading at $77.50. Here’s a detailed analysis and trading strategy. 1. Fundamental Analysis: Palantir's Growth Story * Forward P/E Ratio: Approximately 44.5, indicating a premium valuation for a company in the growth phase, reflective of investor confidence in its expansion potential. * Expected EPS Growth:...
As of December 8, 2024, Meta Platforms Inc. (META) is trading at $601.67. Let’s dive into the technicals and fundamentals to strategize! 1. Fundamental Analysis: Meta’s Strengths and Growth Potential * Forward P/E Ratio: Estimated at 21.5, indicating a premium valuation for a growth tech giant but justified given its strong fundamentals. * Expected EPS Growth:...
As of December 7, 2024: GOOGL Trading at $174.71 Fundamental Overview GOOGL remains a dominant force in the technology sector, backed by robust fundamentals that highlight its financial strength and growth potential. Here are some key metrics: * Forward P/E Ratio: ~19.90, indicating a reasonable valuation relative to expected growth. * Expected EPS Growth:...
Market Structure Overview 1. Weekly Chart * BTC remains in a strong uptrend, trading near the upper boundary of an ascending channel. * Key Resistance: $103,650, which aligns with the upper trendline. * Key Support: $92,000, providing a safety net in case of a pullback. * The MACD is bullish with increasing histogram bars, supporting continued...
1-Hour Chart (Short-Term Trend) Sideways Action: On the 1-hour chart, the price is consolidating in a very tight range, with low volatility and volume. This might suggest indecision in the market. Immediate Resistance: The $2.51-$2.52 range appears to be a short-term resistance level. A breakout above this could indicate renewed buying pressure. Volume: Volume...
SPY continues to respect an ascending channel but is currently pulling back from the upper boundary. The price action suggests a potential for further retracement or a bounce from support levels. With increasing selling momentum, tomorrow's session will be key to determining whether SPY maintains its bullish structure or breaks down. Here’s a detailed analysis and...
PLTR is trending higher, respecting an ascending channel. With recent bullish momentum and clear structural levels, this stock presents excellent opportunities for traders looking for scalping setups or longer swing trades. Here’s the detailed breakdown and playbook for today's session. Market Structure Overview: * Trend: PLTR is maintaining an uptrend, trading...
TSLA has experienced a sharp breakout, showing significant bullish momentum. The price action is forming a clean structure with clear support and resistance levels, making it ideal for both scalping and swing trades. Let’s dive into the setup and game plan. Market Structure Overview: * Trend: TSLA is in a strong uptrend, recently breaking above key resistance...
NVDA continues its bullish march within a clear ascending channel. The price action presents excellent opportunities for scalping short-term volatility and swing trading the broader trend. With key support and resistance levels, alongside MACD divergence, here's a comprehensive analysis and trading game plan. Market Structure Overview: * Trend: NVDA is trading...
Introduction: The Volatility Index (VIX), also known as the "fear gauge," is a crucial tool for traders and investors in anticipating market sentiment. With the end of the year approaching, analyzing VIX on multiple timeframes provides critical insights into the market’s potential direction. In this post, we will analyze the 1-hour, 4-hour, and daily timeframes of...