$NVIDIA(NVDA)$ - 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

$Invesco QQQ(QQQ)$ - Gaps tend to be filled when they are close to overbought price actionStochastic and Williams%R are overbought, can they continue in that condition? of course; but there are two gaps below, and in previous cases they have been filled or at least re-visited.Will this time be different? I don't think so. $SPDR S&P 500 ETF Trust(SPY)$ $iShares Russell 2000 ETF(IWM)$ $Apple(AAPL)$ $NVIDIA(NVDA)$ Image $iShares Russell 2000 ETF(IWM)$ has faced rejection at its 50-day moving average for four consecutive days, culminating i

$.SPX(.SPX)$ : 20DMA Test Imminent: The gray squares mark previous occasions when price has tested that blue line. In the past, when the Bollinger Band has been breached and/or oscillators have been overbought, price has invariably moved to the 20DMA. Both conditions are in today. Will this time be different like the green square? No, wait, that one also preceded a visit to the 20DMA. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $iShares Russell 2000 ETF(IWM)$ ImagePrice action flipped the $6,083 resistance level to support: Anyway, recent moves above the B

$NVIDIA(NVDA)$ - 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. $iShares Russell 2000 ETF(IWM)$ has faced rejection at its 50-day moving average for four consecutive days, culminating in a doji candle. Next week's price action will determine whether this bounce is sustainable or simply a reset of indicators before the resumption of the correction that began in November.Image2. $VanEck Semiconductor ETF(SMH)$ - Every bearish Stochastic crossover has proven its worth during the last months, will this time be different? I don't think so, and the bearish engulfing candle following a shooting star builds on that thesis. Will the volume shelf be tested? Most likely, and we will learn if there is a higher low this time, hopefully the 50DMA can provide support.Image

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

$S&P 500(.SPX)$ - 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

$NVIDIA Corp(NVDA)$ - 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

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

$Invesco QQQ(QQQ)$ - Price action relative to the higher Bollinger band shows signs of a visit to the 20DMA.Why? The Stochastic set a cross in overbought zone; compare previous occurrences, and this time RSI is at 70, three technicals aligned for a consolidation.That’s the idea, to generate valuable content useful for the long run. $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ Image

$Palantir Technologies Inc.(PLTR)$ 's Shooting Star: A 15% Drop and CountingPalantir Technologies has become a regular feature in the Weekly Compass (2X per week). The shooting star pattern I highlighted in December proved to be a key bearish signal. Why? The weekly RSI was at an extreme 87, a major overbought level. Since the appearance of this pattern, the stock has declined 15%, and it's down 20% from its all-time high. Technical indicators don't matter until they do, and in this case, the signal was spot-on. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $Vanguard Total Stock Market ETF(VTI)$

$S&P 500(.SPX)$ Price action is suggesting a horizontal entrance to the Bollinger range, today's first step held above $5409, a S/R level.As long as $Cboe Volatility Index(VIX)$ continues below its 20DMA, the consolidation can be horizontal, even with a hot RSI (see previous occurrences). Needless to say that $5409 has to remain as support for SPX.CPI injected fuel to the rally, in my previous post I indicated the access to a publication for everyone (free) related to inflation and interest rates.Like and repost for more open for everyone publications. $NASDAQ 100(NDX)$ $iShares Russell 2000 ETF(IWM)$