$S&P 500(.SPX)$ has reached the 200-day moving average (DMA) amidst extreme fear, a level not seen since the 10% correction in October 2023. The Bollinger Bands are widening and the lower one looks like a slider ➡️The hope for a bounce is in the pink line and its confluence with $5739, a level shared last Friday. Any bounce has to recover $5812, the level that rejected the bounce today.Imagehis is from a previous year, if you remember this chart, it means you survived 2022 and you didn't throw the towel and continued trading/investing. ➡️Where are we? A or B?Image

$NVIDIA(NVDA)$ - The stochastic oscillator curling up from oversold territory has reliably signaled bullish reversals during previous pullbacks. Price has also bounced from the highlighted demand zone at the lower edge of the volume shelf. All eyes are now on the 50 DMA (purple), which is expected to turn into support. $NASDAQ 100(NDX)$ $VanEck Semiconductor ETF(SMH)$ $iShares Russell 2000 ETF(IWM)$ $SPDR S&P 500 ETF Trust(SPY)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$ ImageOne of the reasons why a pullback is not guaranteed 👍.Image

$S&P 500(.SPX)$ A technical bounce like the one seen today is normal after a bearish engulfing candle.With or without green continuation on Tuesday, further decline is expected, there are recent references highlighted in the chart.A bearish MACD cross is around the corner, that would validate the thesis of a healthy pullback coming. If it happens, a visit to the 20 and 50DMA zone is expected.The Bullish crossover in 20 and 50 DMAs looks like the welcome sign for Summer season. Suggesting that a healthy pullback would be a buying opportunity. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$

$NVIDIA(NVDA)$ - Holding the Line: Will the Volume Shelf Support a Bounce? The 50-day moving average has flipped to resistance, and the oscillator is not yet oversold. The rapid retracement from Monday's bounce is explained by the Bollinger Bands, with a shooting star forming above the upper band. NVDA is at a critical juncture; a bounce is needed here, as the lower band and volume shelf are at $127.After one more big down? That's what the picture suggests, it's one shelf against many indicators. $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Vanguard Total Stock Market ETF(VTI)$

1. $Invesco QQQ(QQQ)$ QQQ has reached the 150-day moving average (DMA), a key indicator historically differentiating bull and bear markets, particularly for tech. This level now presents a critical juncture: a potential bounce or a shift to resistance, as seen in 2022. While briefly breached in October 2023 and August 2024, the DMA's significance remains.Image2. $S&P 500(.SPX)$ The candle positioned below the lower Bollinger Band signals an oversold state, though its shape doesn't indicate a bullish reversal. As in the opposite cases when price is above the upper band, the Bollinger Band range WILL be regained; the key is the recovery's strength. A move back above $5,846 is necessary for reversal consi

Russell2000 $iShares Russell 2000 ETF(IWM)$ confirmed a base breakout above $2133-$2100.It indicates potential upside beyond resistances at approximately $2288 and $2350-$2360, as well as surpassing the late 2021 peak of $2459, towards the upper target of $2620. The surge in RTY stocks reaching new 52-week highs suggests that the RTY is likely to sustain this upward breakout. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini Russell 2000 - main 2409(RTYmain)$ Imagehttps://x.com/SmartReversals/status/1816825688319508664

$NVIDIA(NVDA)$ : Price bounced from the lower Bollinger Band✅ and the stochastic is curling at oversold zone✅One observation: A piercing candlestick pattern is a two-day bullish reversal pattern that suggests a potential shift from a downtrend to an uptrend. It's characterized by:Day 1: A long bearish (red) candle, continuing the existing downtrend.✅Day 2: A long bullish (green) candle that opens below the previous day's close✅and then closes more than halfway into the previous day's bearish candle❌.Image

$NVIDIA(NVDA)$ - This jumpy one likes to play with the premarket sessionA bearish engulfing candle is a negative setup for bulls that opens the day above the previous one, and dedicates the session to fall dearly. That happened on Friday, and in recent pullback initiations. Will this time be different?The Stochastic, Bollinger high, and the high edge of the volume profile suggest this time won't be different.How deep? maybe the demand zone works again (still a painful fall), in the end there is a bullish crossover between 20 and 50DMA Image

$S&P 500(.SPX)$ - Daily Chart:Promising move, the inverted hammer had validation, since today’s opening was above the previous day’s body.50DMA was recovered, and Williams%R is showing a move comparable with the last bottom.There are two pending checkpoints: Jumping above the 5DMA, which is still governing the very short term trend, and triggering a bullish crossover in Stochastic.Today’s candle was not an example of conviction, but is not bearish either; and volume was high.$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$Imagehttps://x.com/SmartReversals/status/1816929818224582709

$iShares Russell 2000 ETF(IWM)$ - Bullish divergence in the daily chartThe bounce happened right at the lower edge of the volume shelf, and the bearish target posted for everyone last week🎯. Price closed the week at the higher edge of the same volume shelf with a red candle⚠️. Bullish continuation is possible, as mentioned in the weekly analysis open for everyone in the link in bio with specific levels to watch. $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $Cboe Volatility Index(VIX)$

$Palantir Technologies Inc.(PLTR)$ - Exhaustion Signals: Reversal candles like dojis or shooting stars crossing or at the higher Bollinger band have been followed by a pullback. The setup strengthens with RSI above or close to 70. The latest weekly candle is a hanging man overbought relative to the bands and RSI. Previously 20 weekly average has been the deepest support, in mild cases the 10MA. Like if interested in the monthly setup💚 $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $.SPX(.SPX)$ Image

$NVIDIA(NVDA)$ fueled the market's bullish move this week, decisively reclaiming both the 20- and 50 DMAs after a strong bounce from the lower Bollinger Band. A gap fill is likely this week. ➡️The key question now is whether this move paves the way for new all-time highs, or if the stock will decline following its earnings report? $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$

$NVIDIA Corp(NVDA)$ - Daily Chart:Two positive factors in the middle of this crash:1) The gap was finally closed2) There is a bullish divergenceOf course, it is very EARLY, and there are more than 4 hours to consider this chart closed. But if it is the case, there would be a third bullish factor which is the candle itself, an extreme reversal setup. Check the bottom of the 2022 bear market.But the day has to end like this, or even better, to continue seeing this as a buying possibility.Imagehttps://x.com/SmartReversals/status/1820480630833967298

$USD Index(USDindex.FOREX)$ on the Cusp: Seasonality Coming in April? (Overbought & Indecision) So far, the seasonality has worked out for $DXY in 2024, rallying between January and March. April is typically a month for the USD to decline, wether if the trend is analyzed from 1970 or from 1999.Image

The graph illustrates the variation in the $S&P 500(.SPX)$ 's total market value, a reliable indicator of SPX's returns.The modest market value rise is 9.16% year-to-date, with $NVIDIA Corp(NVDA)$ contributing 3.58%—equivalent to 39% of the S&P 500's gain.Additionally, $Amazon.com(AMZN)$ $Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ collectively contribute 1.41% to the S&P 500's gain YTD, representing 15%.Four stocks contribute to 54% of the S&P 500's gain YTD, despite accounting for 19% of the total market capitalization for the S&P 500.NVDA ’s Fundamentals

$NVIDIA(NVDA)$ heads into its earnings report with a risky setup for long positions. Yesterday's price action provided bearish resolution after gap filled and indecisive candles. ➡️The key question is whether the 50DMA will provide support? The candle suggests conviction, and the 50DMA is below 20DMA. $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $VanEck Semiconductor ETF(SMH)$ Image $iShares Russell 2000 ETF(IWM)$ : The 50DMA has established itself as the dominant trend indicator, and price action has convincingly moved lower. Given the significant Bollinger Band breach, a b

$NVIDIA(NVDA)$ The bounce ended the week with a hanging man, so the 20DMA must be recovered by the close on Monday to provide signs of invalidation. ➡️Previous bounces that ended with a reversal candle at the 20DMA zone are highlighted. Will this time be a mild consolidation like cases A and C? or a lower low like B?I’m quite unsure a gap fill before ER, unless that latest candle is invalidated. The market's trading this week underscored its struggle with uncertainty, resulting in high volatility and an absence of a clear trend.Image

S/R Levels For Next Week Are OutThe thesis of a top being in for $S&P 500(.SPX)$ is still valid (See the $DJIA(.DJI)$ , an index without $NVIDIA Corp(NVDA)$ & $GameStop(GME)$ )This is my golden tool to confirm technical signals, the bullish above / bearish below approach is useful when the levels are set correctly.This week SPX, DJI, $Tesla Motors(TSLA)$ , $Amazon.com(AMZN)$ and many others broke the central level, showing first signs of turbulence in the market (7 levels are published). $Van