To The Moon

Every Friday, I model support and resistance levels for the week ahead, covering the $S&P 500(.SPX)$, key ETFs ( $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $iShares Russell 2000 ETF(IWM)$ $SPDR Gold ETF(GLD)$ $iShares Silver Trust(SLV)$…), all the Magnificent Seven ( $NVIDIA(NVDA)$ $Apple(AAPL)$ $Microsoft(MSFT)$ $Tesla Motors(TSLA)$…), and other mega-cap stocks.

My technical analysis is designed to identify momentum or the probability of reversals based on established indicators, which I transparently detail in every publication for every stock, making this content action-oriented and educational.

I model these levels to reflect where institutional algorithms are likely to react. By utilizing the central weekly, monthly levels as validators, we can navigate price action with greater precision.

How to Use These Levels

These publications provide a first look at whether a security closed above or below key levels for the upcoming week, allowing you to gauge whether the initial condition is bullish or bearish. These levels serve as validators for momentum; for example, a “bullish setup” remains valid as long as the price sustains itself above the central weekly level.

Recent Performance & Validation:

• SPX: This week, the SPX maintained a bullish bias by staying above 7,457, the bullish target based on a modeled level was 7,566 for a +1.1% move. The index climbed +1.2% 🎯.

• GLD: The bullish setup targeted of 383.3 (+1.4%). The ETF achieved this move before retracing 🎯.

• IBIT: Our weekly Bitcoin study set 35.8 as a bullish target for this ETF (+2.6%), with a potential extension to 36.7 (+5.2%). The high of the week was 36.7 🎯, confirming how institutional algorithms respect these levels.

• WMT: We anticipated a bullish reversal with a recovery of 112; the bounce was validated once this level was reclaimed, the bullish target for next week is here.

• MSFT: The setup was bullish above 380.9 aiming at 401.8, the monthly level at 396.18 acted as resistance, interrupting the weekly setup. This highlights the importance of combining weekly and monthly levels as presented below.

• ETHA: We highlighted a bullish setup targeting 13.4 (+3.9%). The price high reached 13.7 🎯, surpassing target and nearly hitting our secondary target of 13.9.

• $VanEck Semiconductor ETF(SMH)$ : I noted on Wednesday that the target of 563.3 (for a -4.9% move) cousl be considered reached, as the actual low was 566.83 🎯.

These are examples of levels as targets based on technical analysis. These levels also work as risk management tool. For example, $Netflix(NFLX)$ suggested a bullish setup, the target was 80.4 for a +3.5% weekly move but the stock vanished again, good news for subscribers, the invalidation level was 75.7, a reference to set stops based on your own risk tolerance, in order to avoid the selloff to 72.5 as the weekly low where many traders could have capitulated.