SmartReversals
SmartReversals
I care about helping you navigate this market. Nowadays, it's all about permabears & permabulls, I use technical indicators with objectivity. God First.
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avatarSmartReversals
04-06 01:46

IWM & QQQ: High chances for a corrective bounce

1. $iShares Russell 2000 ETF(IWM)$ High chances for a corrective bounce:1) Doji island below the Bollinger band2) Volume validation3) RSI at 24‼️Why corrective? The Bollinger band is widening, previous events are highlighted.Image2. $Invesco QQQ(QQQ)$ Long island candle completely below the Bollinger Band, and RSI is oversold. Those are meaningful oversold conditions. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ ImagePS: In challenging bear markets, every downturn carries the seed of recovery. Your resilience and patience can lead to new opportunities. Inv
IWM & QQQ: High chances for a corrective bounce

$NVDA - Price has also bounced from the highlighted demand zone

$NVIDIA(NVDA)$ - 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
$NVDA - Price has also bounced from the highlighted demand zone
avatarSmartReversals
04-06 01:43

NVDA - A relief bounce is likely

$NVIDIA(NVDA)$ : A relief bounce is likely, considering the lower Bollinger band breached, oversold RSI and the island candle validated by volume. However, see the difference with August 2024: A Bollinger acting as support back then (green arrow), and the current one is a slider (red).NVDA has erased 55% - 60% of its gains in previous bear markets, will this time be different?➡️Technicals say no. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $VanEck Semiconductor ETF(SMH)$ ImagePS: In challenging bear markets, every downturn carries the seed of recovery. Your resilience and patience can lead to new opportunities. Inv
NVDA - A relief bounce is likely
avatarSmartReversals
2024-05-25

SPX Daily Chart: A technical bounce is normal after a bearish engulfing candle

$S&P 500(.SPX)$ 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. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$
SPX Daily Chart: A technical bounce is normal after a bearish engulfing candle

$NVDA - Holding the Line: Will the Volume Shelf Support a Bounce?

$NVIDIA(NVDA)$ - 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. $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Vanguard Total Stock Market ETF(VTI)$
$NVDA - Holding the Line: Will the Volume Shelf Support a Bounce?
avatarSmartReversals
04-05 01:18

SPX Selloff: Faster, Deeper Than Anyone Expected

$S&P 500(.SPX)$ - Nobody, not even the most pessimistic anticipated the velocity of this selloff. Price is oversold at any technical you can name, but the candle shows substantial bearish conviction and continuation for Monday. Last similarity: The Covid crash. Most of the 2024 gains have been erased.Bear markets teach much more to investors than bull markets, get access to the bear market target published for SPX before the crash started $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$
SPX Selloff: Faster, Deeper Than Anyone Expected

NVDA - Death Cross

$NVIDIA(NVDA)$ - Death Cross: It happens when the 50-day MA falls below the 200-day MA as highlighted in the chart.In addition, the 20-day MA has rejected any bounce attempt during the last two weeks. Only a break above 20DMA and $118.4 would give some hope for a bounce to $127.Just a year ago NVDA was going to the moon! Indeed, and it soared to $150, but gravity exists for consolidations.ImageThis is my analysis the other day:NVDA shows a promising bounce, but next week will reveal if it can overcome the typical volatility at the 50 DMA, especially given its convergence with the 200 DMA. We'll see if it leads to a rejection, potentially filling the two highlighted gaps.➡️ Is this a lower high or a solid bounce?Image
NVDA - Death Cross
avatarSmartReversals
2024-07-26

Russell2000 confirmed a base breakout above $2133-$2100

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
Russell2000 confirmed a base breakout above $2133-$2100
avatarSmartReversals
04-05 00:59

EWJ chart presents three essential indicators

The $iShares MSCI Japan ETF(EWJ)$ aims to mirror the MSCI Japan Index, and as you can see, the price is currently consolidating within a base, highlighted by the rectangle, much like it did during 2021.The chart also presents three essential indicators:Moving Averages: The short-term moving averages (5 and 10 months) are trending downwards, signaling a loss of bullish momentum; in fact, the 5-month average has already crossed below the 10-month. For educational content about moving averages, click here.Reversal Candlesticks: Bearish reversal candlesticks, indicated by the black arrows, have served as early warning signs in the past, such as at the start of 2021 and in the second half of 2024. However, they have also marked tops, as shown by the hig
EWJ chart presents three essential indicators

$NVDA - This jumpy one likes to play with the premarket session

$NVIDIA(NVDA)$ - 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
$NVDA - This jumpy one likes to play with the premarket session
avatarSmartReversals
2024-07-26

SPX Daily Chart: Bullish Signals Emerging, Key Checkpoints Ahead

$S&P 500(.SPX)$ - 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
SPX Daily Chart: Bullish Signals Emerging, Key Checkpoints Ahead
avatarSmartReversals
2024-05-25

Bearish Signals Abound: IWM, SPX, VIX and SPY Under Pressure

1. $iShares Russell 2000 ETF(IWM)$ That 50DMA better holds, losing that level usually brings deep declines.Seems that the weekly bearish setup was delayed a week given the $GameStop(GME)$ euphoria.Image2. $S&P 500(.SPX)$ & $Cboe Volatility Index(VIX)$ Can we see the drop yesterday as a fake one since we are below 12.95 on the vix and day is hadding down again?I like this question about SPX and VIX. Ans: Possible, but let's pay attention to 5DMA; it's still resistance at this moment.$5288 is a daily support that must hold, it has worked during the last 45 minutes.If that's the case for the day, 5DMA has to be surpass
Bearish Signals Abound: IWM, SPX, VIX and SPY Under Pressure
avatarSmartReversals
04-05 00:57

Bear markets bring opportunities

It's wild to see this decline unfold so quickly. Looking back, I shared warnings across several publications beforehand, backed by Elliot Wave, Fibonacci studies, long-term charts, moving averages, crossovers, and macro data – the pullback felt imminent from many angles since I like to provide objective data and analysis. What's surprising is just how fast it's happening.Today, I want to chat about the human side of investing. Our emotions can really cloud our judgment of those technical signals. For those newer to the market (maybe joining in '23 or '24), outside opinions can be really influential, making it tough to focus on the charts. For more seasoned folks, the hope around the new U.S. administration might have made this "self-inflicted" crash unexpected. And for everyone, the sheer
Bear markets bring opportunities

$IWM - Bullish divergence in the daily chart

$iShares Russell 2000 ETF(IWM)$ - 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. $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $Cboe Volatility Index(VIX)$
$IWM - Bullish divergence in the daily chart
avatarSmartReversals
2024-10-21

$PLTR - Exhaustion Signals

$Palantir Technologies Inc.(PLTR)$ - 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
$PLTR - Exhaustion Signals
avatarSmartReversals
2024-08-13
$NVIDIA Corp(NVDA)$ The MACD is brewing a bullish signal that was worked well Nvidia. if that happens... oh boy. Watching carefully, a month ago the signal did not consolidate (Red circle).Imagehttps://x.com/SmartReversals/status/1822999100628914676

NVDA fueled the market's bullish move

$NVIDIA(NVDA)$ 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? $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
NVDA fueled the market's bullish move
avatarSmartReversals
2024-08-05

Potential Bullish Signals Emerging for $NVDA After Crash

$NVIDIA Corp(NVDA)$ - 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
Potential Bullish Signals Emerging for $NVDA After Crash
avatarSmartReversals
2024-04-02

Dollar on the Cusp: Seasonality Coming in April? (Overbought & Indecision)

$USD Index(USDindex.FOREX)$ 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
Dollar on the Cusp: Seasonality Coming in April? (Overbought & Indecision)
avatarSmartReversals
2024-05-25

NVDA contributing 3.58% to the S&P 500's total market value

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
NVDA contributing 3.58% to the S&P 500's total market value

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