Three very different setups are playing out across the tape today. 🔴 $SPDR S&P 500 ETF Trust(SPY)$ : The gap at 758 has now been filled, matching 7,610 on $SPX. That move was on the radar after price broke above the upper Bollinger Band. The market first trapped the bears, then turned choppy and eventually dropped 3.3% from the ATH. Now sentiment has flipped bearish, price has reached the lower Bollinger Band, and there’s a fresh gap to watch. 🔵 $Invesco QQQ(QQQ)$ : Yesterday’s oversold reading helped fuel the rebound. Price is now testing the bearish diagonal. The catch? There’s still a 711 gap sitting below. A close back above the diagonal could delay the retracement and give the short-term bulls anot

Lower highs have dominated since June, and $E-mini Nasdaq 100 - main 2609(NQmain)$ is now pressing against the 20WMA. The bigger move may be close. A clean break below the 20WMA would put the 40WMA zone next in focus — roughly 9% lower from current levels. Losing 29,027 would add another major bearish signal. Meanwhile, the bearish diagonal on $Invesco QQQ(QQQ)$ remains intact. Today’s indecisive action was rejected at that trendline, keeping the downside structure alive. 🎯 Key levels 729 → potential short setup if reclaimed/filled first 712 → downside gap target 701 → next gap target 29,027 → critical $NQ_F support 20WMA → 40WMA → major downside path With Fed rate-hike odds sitting around 86%, there’s

Good morning, tigers ☕️📈 The tape is showing some hesitation, but I’m not convinced the move down is finished yet. $S&P 500(.SPX)$ 📊 A doji has formed near the lower Bollinger Band, putting the index in an oversold area. That opens the door for a technical bounce, especially with the gaps above still sitting as potential targets. If CPI comes in around expectations, it could give that bounce some extra fuel. Still, I’d treat any rebound as a reaction until the chart proves otherwise. The downside move doesn’t look complete yet. $Invesco QQQ(QQQ)$ ⚠️ The bearish diagonal remains intact, with lower highs continuing to develop. Today’s indecisive action ran into rejection right at that trendline. Below, t

In last Saturday's Weekly Compass, I anticipated a high probability of a bearish reversal in the $S&P 500(.SPX)$ and a decline in the Dow Jones ETF ( $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ ), alongside bullish moves for $SpaceX(SPCX)$ $Broadcom(AVGO)$, and $Advanced Micro Devices(AMD)$ , plus a spike in $iPath Series B S&P 500 VIX Short-Term Futures ETN(VXX)$ . Today, those setups played out as expected: SPX (-0.58%), DIA (-1.1% reaching $528 🎯), SPCX (+3.7% to $154.1 🎯), AVGO (+2.9% touching 372.9 🎯), AMD (+5.9% crossi

Three charts I’m watching closely this week: $SPDR S&P 500 ETF Trust(SPY)$ — the squeeze is getting tighter 🔥 Bollinger Bands are narrowing, which tells us volatility is being compressed. That usually doesn’t last forever. If the sequence of lower highs continues and $SPY finally comes down to the 766 gap, things could move quickly through the volume shelves. 🎯 Next support: ~754 So I’m not chasing the current range. I’m waiting for the compression to resolve and watching 766 as the first major test. $Micron Technology(MU)$ — the reset looks healthy 🧠 $MU has held its 20-week moving average after working off an overbought condition. That’s exactly the kind of reset you want to see in a strong trend. The

I began investing and trading with real dedication and discipline in 2016. That is already 10 years ago, when I started buying stocks the way many people do: reading the news, trying to build a bullish case with fundamentals, and listening to expert opinions. I always liked candlesticks as a visual representation of price action, and back then, I studied several books on the subject. Because no single technical indicator works in isolation, I learned about oscillators (Stochastic, RSI), Bollinger Bands, moving averages, and measuring my performance against the SPX. Back then, I focused heavily on the FAANGs (if you remember that acronym, congratulations; staying in this arena this long puts you far above the average investor or trader: $Meta Platforms

The stock market closed muted this week. The $S&P 500(.SPX)$ finished flat (+0.1%) following an intra-week pullback that exceeded our bearish target of 7,642. By Thursday, weak economic data (ADP) and dovish remarks from Federal Reserve Governor Christopher Waller (who noted he would support holding interest rates steady this month if incoming inflation numbers remain favorable) sparked a relief rally. However, as I highlighted last night in my daily note, key structural elements warranted skepticism regarding continuation for today. To avoid premature moves, I rely on daily levels to validate each thesis. For today, 7,730 served as the anticipated central daily level (CDL) dictating bullish or bearish momentum. Once price broke below that lev

Three charts are standing out for three very different reasons today. 1. $iShares Russell 2000 ETF(IWM)$ 🎯 The bearish setup from Saturday played out almost perfectly. The downside targets were 292 and 289, and yesterday’s low came in at 289.40. Small caps are now down 1.7% this week, while the chart is starting to look oversold. That opens the door for a technical bounce. But bulls still have something to prove. 👉 $291.20 needs to be reclaimed to flip short-term momentum back up. If that happens, 292.40 comes back into focus. For now, I’m watching the reaction around 291.20 before getting too aggressive. 2. $Netflix(NFLX)$ 🍿 NFLX has been much more constructive since the extreme oversold reading around ea