Hello traders and investors! Let’s study S&P 500 and try to figure out the meaning behind the recent movements. The problem is that SPX lacks strength to go up in such a decisive moment. The yellow line around 3310 is a pivot point that could take the index to lower levels. The red line around 3280 is a natural target, but since it is too close, I’m not sure if...
Hello traders and investors! Let’s see what’s going on with Tesla now! It is doing a pullback, which is acceptable, since the last 2 days were quite intense. The short-term trend is still bullish and there are no signs that it is going to reverse. As long Tesla continues to trade above the 21 ema or the black line at $ 426, the trend will remain bullish. Only...
Hello traders and investors! Will SPX resume its bull trend? Let’s see about it. First, the trend is bullish in the short-term, and as long SPX keeps above the 21 ema and the purple trendline , it will remain bullish. Only if it loses one of these 2 points, we will see the trend getting weaker. Also, keep in mind the black line around 3424, which is an...
Hello traders and investors! Let’s study NVDA today! There are some important points to keep in mind. First, it did a double top at the black line ($ 532.23), but the pattern wasn’t triggered. Only if NVDA loses the red line at $ 505.51 the bearish pattern will be triggered, and it could drop all the way down to its previous support at the purple line ($...
Hello traders and investors! Tesla is doing a phenomenal movement today! Let’s what’s going on here, and what to expect next. As we discussed yesterday, TSLA is now engaged in a short-term bull trend, as it has been doing ascending tops and bottoms in the hourly chart. It also defeated its resistances, like the pink line ($ 398.80), which was our target since...
Hello traders and investors! Let’s see how Amazon is behaving today! The situation is quite bearish, and these are the most important points to keep in mind. First, Amazon is close to a support zone, which is the black line. The bull trend lost its strength after the Breakaway Gap triggered a downward movement that made AMZN lose its purple trendline. The bull...
Hello traders and investors! Tesla is doing some interesting patterns around, let’s see how to proceed and what are the most important points to keep in mind. First, Tesla just hit the target we set on Friday, at $ 398, after it defeats the trendline. What’s more, Tesla triggered the pivot point at $ 398.80 (pink line), and now it is officially engaged in a...
Hello traders and investors! It is Friday, and as usual, let’s do our Multi Time Frame Analysis (MTFA) on SPX, starting with the hourly chart! The momentum is still bearish for the index, but the support around the red line (3329) is holding the price pretty well. But SPX is doing descending top, meaning the buyers are not strong enough to keep the prices...
Hello traders and investors! Let’s do our complete Multi Time Frame Analysis (MTFA) on Tesla today and try to figure out what to expect next. First, Tesla is trading near a support level, which is the blue line, but it seems we have another bottom at the black line. There’s a trendline connecting the tops, that works as a resistance, and if Tesla defeats it, we...
Hello traders and investors! The situation is quite bearish for Apple! It seems the stock simply can’t sustain a bullish momentum. But, what to do next? Let’s see about it. The hourly chart is engaged in a bear trend as we expected, since it lost the red line that we mentioned a long time ago, in my Aug. 27 analysis (link below). Now it seems we have a chart...
Hello traders and investors! Would this be a Dead Cat Bounce? Or will Tesla fly again? There are some key points to keep in mind. First, if we look at the hourly chart, Tesla is just doing a pullback to the 21 ema, which is normal and expected. The problem is that the pullback is too intense, and this spoils the bullish momentum. Since the stock gapped up...
Hello traders and investors! Let’s study Tesla and try to understand what’s going on here. First, the hourly chart is still quite bearish, as we see descending tops and bottoms , and no clear reversal sign. As long Tesla continues to trade under the 21 ema and under its previous supports, like this blue line, it will simply continue its downfall. A retest of...
Hello traders and investors! Let’s see how SPX is behaving today! It is going up nicely, but what does this means? Will SPX resume its bull trend, or is it just a short rally? First, the hourly chart is quite bearish, and yesterday, SPX just hit one of its previous supports around 3329, and now it is retesting its 21 ema. If we see another bearish pattern around,...
Hello my friends! Tesla is dropping sharply, and if you did read my previous analysis, this is not surprising (link below). Tesla just did the technical movement we already discussed: It just did a pullback to the 21 ema in the hourly chart to gather strength to break this support at $ 372, triggering a pivot that can lead the stock to lower levels. What are...
Hello traders and investors! Let’s see how SPX is doing in this Multi Time Frame Analysis (MTFA)! This could be a bull or a bear trap, and here are the most important points to keep in mind. We see a Dark Cloud Cover candlestick pattern under the 21 ema in the hourly chart. This is a bearish sign, and today’s rally could be just a short rally to its...
Hello traders and investors! As its Friday, let’s do our usual Multi Time Frame Analysis (MTFA) on Tesla! It did a phenomenal movement today, just when everybody thought it would finally drop! The situation is more complex than usual. The hourly chart is still bearish , and today’s movement could be just a pullback to the 21 ema, which is pointing downwards,...
Hello traders and investors! Let’s see how SPX is doing today! The movement was quite bearish, but are there reasons to worry? Let’s see about this. First, we see a Breakaway Gap in the hourly chart, that triggered this sharp movement. It lost the 21 ema, quickly filled this gap at 3528.03, which we will talk about later, when we analyze the daily chart, and it...
Hello traders and investors! Let’s study AAPL today! Let’s start our complete Multi Time Frame Analysis (MTFA) by looking at the hourly chart. First, Apple triggered a bearish pivot when it lost the red line at $ 127, and it did a Breakaway Gap , under the 21 ema in the same day. This was the first sign of a sharper pullback on bigger time frames, like the...