pravenmoorthy

pravenmoorthy

Daily Report AAPL finally broke the channel bottom and closed down 2.66%. Now the 152 level will be resistance and AAPL could move down to 139 support level if the 150 level is taken out.

pravenmoorthy

Daily Report AMD looks like it is bottoming out. The 100 support level has been holding very strong. If it can break the trend line it can head higher to 119 resistance level and then to ATH. For the bear case if there is close below the $100 support level then it can take it all the way down to around 85. Staying neutral leaning bullish until I see a breakout.

pravenmoorthy

Daily Report VIX finally breaking trend after 18days of uptrend. VIX can find support 27 and if 27 is broken it can head to 20. If the RSI falls below 50 that will be a good sign for the market.

pravenmoorthy

Daily Report WMT held the 134 support level for the 7th time. It looks like it will finally breakout of the 144 resistance and head to 152. WMT does have a breakout on the RSI and a bullish cross on the delta indicator.

pravenmoorthy

Daily Report AAPL going for a retest of the channel bottom. If AAPL closes outside of the channel bottom then it is going to head to 139 support level.

pravenmoorthy

Daily Report SPY had a big decline with increasing volume today. The next level of support is most likely going to be the 400-402 gap. SPY could most likely see some sort of a relief rally after the gap is filled.

pravenmoorthy

SPY having a strong bounce. But it is now coming into resistance. The blue trend line will be a area of resistance where we can see SPY pull back into 430 level before heading higher. The daily chart is still below the 200Day so any rips will be meet with sellers.

pravenmoorthy

Daily Ideas IWM forming a potential bear flag. If it break down then it is most likely going to test the low of 188. If it breaks above the 208 resistance that will be a sign of bullish reversal.

pravenmoorthy

Crypto Report BTC looking great after the falling wedge breakout. If it can consolidate at the current level the next target would be the 51K resistance level. My take is BTC at 51K by mid March. A close above 44K will be the sign for the 51K target. If BTC does not get a close above 44K and we get a close below 40K then BTC is headed to 29K.

pravenmoorthy

Daily Report SPY getting a big rejection at the fib golden pocket. I think it's gonna start heading lower for the next couple of week. It could go retest the low at 421 and put a potential double bottom before it starts to bounce.

pravenmoorthy

Daily Report ARRK trading in a channel looking to break above. If it can breakout the easy target would be the 88 resistance level. The CPI data coming out tomorrow which will determine the direction.

pravenmoorthy

Daily Report SPY on the 15min looks like it is forming a inverse H&S. If it can break the 451 resistance level it will most likely go to close the gap at 456. Staying neutral until it breaks out.

pravenmoorthy

Daily Report SPY trading in a tight range. A break above will fill the gap and potentially reverse. But if we get a close above 457 resistance level then the next target is 473 resistance level. If SPY breaks to the down side then it is headed to go retest the 427 low.

pravenmoorthy

Daily Report MS looking great for a breakout. If it can breakout of the 105 resistance level then the immediate target would be $111. If it fails to break it can find support at 102. I would be looking for a breakout on the RSI because sometime it can show a breakout ahead of time.

pravenmoorthy

Crypto Report ADA looking great with a nice consolidation above the support which is positive sign. The longer it consolidated the better the breakout would be. The indicators are holding the bullish trend shift. Once the consolidation is done the first would be the 1.61 resistance level.

pravenmoorthy

Crypto Report BTC making a nice breakout of a well defined falling wedge. This is a bullish development for all crypto. If BTC can take out the 40K resistance level and settle above then it will be a confirmed bullish reversal. After the 40K resistance the next level of resistance will be 44k and then 50K. But if it cannot take out the 40K resistance then it...

pravenmoorthy

Crypto Report BTC got rejected at the top trend line resistance. BTC can find support at 35754K level. If that support is broken BTC is most likely headed to 30K support level

pravenmoorthy

Crypto Report BTC sitting right at the top resistance trend-line. If it breaks out to the upside then BTC is headed to the 45K resistance level. If it gets rejected most likely BTC will head back down to 33K support level.