Hello traders and investors! The SPX did a Bear Trap as we thought, but is there any chance that it’ll drop from here? Let’s see. In the daily chart, it did trigger the Shooting Star candlestick pattern it did this Tuesday, but as we mentioned, since it lacked bearish structures, the odds were that it was a Bear Trap. What’s more, since we already had a support...
Hello traders and investors! Let’s see how TSLA is doing today! We are finally above the $ 1k, and TSLA isn’t showing any signs of exhaustion here. We broke all the resistances we have been mentioning in the past weeks, and it has been more than one month that we don’t retest the 21 ema. The volume was very high this week (one of the highest of the year), way...
Hello traders and investors! Let’s see how the SPX is doing today! The index is going up nicely, but the candlestick in the daily chart looks enigmatic, as it is almost a Doji. The long shadow above the daily candlestick is annoying for sure, and kind of ruins the bullish momentum. Since October 13, it seems the index deserves a pullback to the 21 ema again, at...
Hello traders and investors! Let’s see how PLTR is doing today! As we expected last week, it is flying nicely. We see a clear bull trend in the 1h chart, as the red arrow is a trend line that is working as a nice support level for us. We retested this support last Friday, and today we are flying, as expected. Since we went up too much, too fast, there’s a chance...
Hello traders and investors! Let’s see how the SPX is doing this Monday! We don’t see any top sign yet, and the 21 ema is holding the price nicely. However, if it does any bearish structure around here, the pullback might lead the index back to the 4,465, which was a previous top level, and probably it’ll work as a support in the future. We don’t see any bearish...
Hello traders and investors! Let’s see how SNAP is doing today! SNAP is dropping more than 25% the moment I write this analysis, and it seems nothing can save it. However, even in the most stressful moments, we can use technical analysis to understand the situation. Not by coincidence, SNAP dropped to the $ 57 area, which was a previous support on July this...
Hello traders and investors! Let’s see how the SPX is doing today! First, it is important to notice that we are in a bull trend. The index is doing higher highs/lows, it is above the 21 ema, and there’s nothing telling us that it will drop. We must keep an eye on some key points, though. The 21 ema is a support that it must not lose, in order to keep trending,...
Hello traders and investors! Let’s see how the SPX is doing today! The index is doing amazingly well, and we see a clear continuation of the bull trend, as it can’t do any bearish structure. It didn’t trigger any pullback sign, and we are heading to the ATH. Now that we are close to the resistance at the ATH, we could see a pullback, but again, we don’t see any...
Hello traders and investors! As crazy as this sounds, but after almost one month, NVDA did exactly what we expected. It confirmed our theory about the “ Gap Reversal Ritual ” which we talked about in our last analysis ( link below), and now, it filled all its previous gaps, as we thought (I told you, I’ve never seen this structure failing). It only did one more...
Hello traders and investors! Let's see how NIO is doing today! It did exactly what we expected in our previous analysis, last week, and it hit our target. I explained the technical reasons that made me believe we would seek the gap at $ 40.59 in my previous analysis; the link to it is below, as usual. Now that we hit our target, NIO did what seems to be a...
Hello traders and investors! Let’s see how TSLA is doing today! Since our last analysis, TSLA broke the $ 800 resistance, as expected, and it broke our target at $ 821. Now it almost hit its second target at $ 880 (February top), but it seems we have some signs of exhaustion. In the 1h chart, we see a strong bearish candlestick, and if we lose its low, it might...
Hello traders and investors! Let’s see how the SPX is doing today! It did exactly as we already expected in our previous study (link below this analysis, as usual), and now it seems it officially reversed the bearish sentiment for good. The trend is bullish, as we have higher highs/lows, and pullbacks would be opportunities to buy. The 4,446 is an important...
Hello traders and investors! Let’s see how PLTR is doing today! First, in the 1h chart, we see a crystal-clear bull trend, as it is doing higher highs/lows. The trend is not as strong as we would wish for, but it is looking good. The $ 24.71 is a key point for us, as it was the previous top, and it is supposed to become a new resistance for us, and at the same...
Hello traders and investors! Let’s see how AMZN is doing today! Yes, AMZN triggered a bullish structure , as we expected in our last study, and now it is doing its best to reverse the trend. We are once again above the 21 ema, and we have higher highs/lows in the 1h chart, at least. The volume is increasing nicely too, and pullbacks to the 21 ema area would...
Hello traders and investors! Let’s see how NIO is doing today! NIO dropped sharply last week, but it seems we have some reaction now. We started to trade above the 21 ema again, and yesterday we did a pullback to the 38.2% Fibonacci’s retracement area, which is a good thing. Now, the main challenge will be to defeat the $ 36.63. This point was a resistance on...
Hello traders and investors! Let’s see how PLTR is doing today! As we thought in our last analysis, since PLTR lacked stronger bearish structures, it stopped at the gap area, which is working amazingly well as a support level. Now the bias is not bearish anymore, as the 21 ema got flat, and it seems PLTR wants to reverse. The $ 23.97 is a pivot point, and by...
Hello traders and investors! Let’s see how the SPX is doing today! As we mentioned yesterday, the fight is not going to be easy here, and the index lost its support level yesterday, and it filled the gap as we thought. Now we have some new key points to watch. The 50% Fibonacci’s retracement is trying to hold the price for now, and the next retracement is...
Hello traders and investors! Let’s see how AMD is doing today! This is going to be a complete Multi Time Frame Analysis (MTFA), and we'll study the hourly, daily and weekly charts! As we thought, the $ 100 area is a strong support level for AMD, and it did a Double Bottom and an Inverted Head and Shoulders chart pattern at the same time, in the 1h...