SmartReversals📈 @SmartReversls

Potential targets: $SPY $537, and potential gap fill at $535 $QQQ $448 $DIA $394 $AMZN $174, already there, let's see if the gap is filled quickly $AAPL $212, unless this one moves all the market up In the end, Bezos was right... was Jensen right as well?

$SPX - 4H Preliminary: $AMZN and $AAPL will determine whether the Stochastic indicator🔴 or price action🟢 provides a more accurate representation of market conditions.

This warning published yesterday to subs was correct. $SPX left a gap and $VIX was indicating a fill coming. Is #SP500 aiming for third time $5400? A higher low today would be positive. $AMZN and $AAPL will let us know.

$SMH - Weekly - Preliminary: Volume was huge today, price has to stay above $239 to keep this bullish setup until the end of the week. 20 Weekly average is the line in the sand.

$NVDA - Speechless:

Charlie Bilello @charliebilello

2 years ago

Nvidia's market cap increased by $331 billion today, the largest single-day gain for any company in history. That's bigger than the market cap of 479 companies in the S&P 500. $NVDA

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$NVDA - Monthly chart: Published a month ago in the Weekly Compass: “I still expect at least a move to $104 as consolidation.” The low of July was $102.5 🎯🎯🎯 Today, in the educational content I added the monthly charts for #NVDA, $TSLA, $NDX, $AAPL, $IWM. Check them out!

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SmartReversals📈 @SmartReversals

2 years ago

There's a lot of buzz surrounding the inverted yield curve. This edition of Level Up Your Trading offers a clear and comprehensive explanation of what it is, its implications, and historical precedents. Additionally, I have delved into monthly charts for $IWM, $NDX, $TSLA, and

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There's a lot of buzz surrounding the inverted yield curve. This edition of Level Up Your Trading offers a clear and comprehensive explanation of what it is, its implications, and historical precedents. Additionally, I have delved into monthly charts for $IWM, $NDX, $TSLA, and more, now that July has ended. Subscribe! smartreversals.substack.com

$SPX - Daily Chart: July was saved on the very last day of the month. The Fibonacci analysis shared two weeks ago to subs is working well as a guide to analyze the bounce. Oscillators say the bottom is in, and short timeframes don't look overbought. There is no doubt that crossing $5478 is positive, but the gap is not ideal, so for that reason is Worth watching the resistance at the 20DMA, also on the edge of the 23% Fib retracement. ...Just in case, because $META also says the bottom is in 🚀. Key monthly charts in today's educational content about inverted yield curve. $SPY $QQQ $NVDA

$SPX - Returns per year: 68% of the years are positive. When I come across statistics suggesting that an event triggers positive returns 80% of the time a year later, I don't consider it exceptional; it's just 12 points above the average. Statistics indicate that April and July are positive months, but 2024 returns of -4.16% and -0.44% (so far) respectively contradict that. I follow the principle of 90% or above, not less. $SPY $IWM $QQQ

$SPX - Daily Chart: Once again, second rejection at $5478, that't how important a S/R level can be. The red move happened as expected, bouncing at $5406, also a support line that today matched with the lower Bollinger Band. The chart is weak ahead of #FOMC decision and a low probability of interest rate cut. The bounce in $AMD was correctly anticipated during the weekend, it is helping $NVDA to bounce after hours. The problem is in $META, with price finding rejection for third day at $473 and bringing a negative reaction after hours. $5400 is the zone to watch for #SP500; $538 for $SPY.

$NVDA - Daily Chart: As posted during the weekend, the charts in general were weak for most of the big 7. Just looking at the candlesticks, the current bottom has been followed by red moves. The Stochastic crossover suggests the bounce is still valid, but unless $114 is recovered, this may be eyeing a second gap fill around $96. $QQQ $AAPL $BTC $VIX

$SPX - Daily Chart: Price continues above the 50DMA (purple), and a second positive sign was added today which is the bullish Stochastic crossover. Anyway, there is no conviction in this bounce: today’s jump above the 5 DMA (grey) is a third positive element but it can be breached easily. If the recent bounce pattern will be seen again👇, a red/muted Tuesday can be on sight ahead of big earnings. Negative factor of the day: The rejection at $5478. $SPY $QQQ $VIX #SP500 #Nasdaq

Before kicking off the weekend, remember to manage risk. Many people ask me about setting stop losses. The latest edition of Level Up Your Trading provides a guide on two different approaches. Check it out! Have a profitable week! 👍 $ES_F $NQ_F $NDX $SPX $BTC #Crypto

SmartReversals📈 @SmartReversals

2 years ago

Stop losses are a fundamental tool in trading that helps manage risk, control emotions, preserve capital, and enhance trade planning. They can increase the chances of long-term trading success. Subscribe and get access to the second installment of Trading Psychology and Risk

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$SPX - Daily Chart: During the weekend, I mentioned to subscribers that a significant change was happening in breadth. There has been a switch in stock participation that was confirmed today. Will elaborate tomorrow in the educational content. Any pullback will be a buying opportunity; momentum is on and there’s more space to move up. $SPY $QQQ

$NVDA and $MSFT 20DMA That's it. $QQQ $SPY

$SPX - Daily Chart: The scenario A is the one in play: New highs recovering an oversold RSI. 5 DMA is carrying the trend in confluence with a key support level: $5611. Stock participation is changing. Breadth was mentioned in the latest Weekly Compass as something to watch (access in bio). $SPY $QQQ $NVDA $MSFT

$MSFT - Weekly: Written in the previous Weekly Compass: “This one is joining the above the Bollinger band party, despite the potential reversal. Microsoft soared last week with low volume and an overbought RSI, this one as GOOG are usually obedient to technical warnings, so a consolidation is also expected…” The week indeed showed a decline. For the updated analysis, get access in bio to the latest Weekly Compass. $ES_F $NQ_F $QQQ $SPY $IWM

$QQQ - Daily Chart: As expected on Thursday afternoon, the bearish engulfing candle was followed by a technical bounce. Not as $SPX, the tech index $NDX bounced without printing a higher high. Since MACD bearish crossovers and RSI above 70 are warnings that were used in the old trading times, we can expect some consistency with the Bollinger high rejection or bearish engulfing candle and previous occurrences that sent price at least to 20DMA. The pattern is not in a straight line. #Nasdaq #SP500

$META - Daily chart: Sooner or later, these ladies bring back price to their range. When the Bollinger bands are breached there is a reversal (first sign 👉), or a consolidation to the 20DMA (second sign 👉). Since the latest occurrence, Meta reversed crossing the 20DMA. Worth noting: Bearish MACD. A potential destination was shared with subscribers yesterday; with additional technical references. Access in bio. $QQQ $SPY $AAPL $NDX

$IWM - Daily Chart: Shooting star validated by huge volume, above the higher Bollinger band and with RSI above 70. Usually followed by a reversal / consolidation. The weekly chart published yesterday (access in bio) has interesting references to validate this thesis. $SPY $QQQ $XLF $XLY $RUT #Russell2000