$SPDR S&P 500 ETF Trust(SPY)$ : The Latest Doji Suggests ExhaustionConsidering the volume profile, key resistance lies at volume shelf A (bullish move), and strong support at volume shelf B (bearish reversal). The upper Bollinger Band indicates further upside potential while the RSI approaches overbought levels. $585,3 is the line in the sand to validate a pullback.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here：Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.💰Join the TB Contra Telegram G

It's been three weeks since the breadth thrust signal was triggered on April 24th, and five weeks since the New York Stock Exchange registered a rare bullish signal on April 9th. Both events were analyzed in real-time, including their statistical significance, the most relevant technical charts, and setups from previous years. Since each signal, the S&P 500 $S&P 500(.SPX)$ has rallied by 7.8% and 7.3% respectively, suggesting the stock market consolidated its launchpad around the $5,460 zone.Confusion, frustration, rejection – these are just some of the reactions I've observed when this signal appears in the market. If this is your first time encountering it, I hope you quickly adjust your market perspective. It is totally human and unders

$NVIDIA(NVDA)$ - 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. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$

After a multi-week rally, the week concluded with indecision, a common characteristic of bounces. However, concerns persist regarding key resistance levels reached by the $NASDAQ 100(NDX)$ , such as the 200-day moving average, especially with ongoing trade tensions, and when the U.S. president said “buy stocks” on Thursday, the market did not react as on April 9th; similar case on Friday when the green action in the futures vanished during market hours.Seven consecutive indecision daily candles on the $S&P 500(.SPX)$ is an unusual occurrence, most of them have been dojis, and indicating an extended period of indecision and balance between buying and selling forces. In the context of a potential squeeze

$NVIDIA(NVDA)$ - 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. $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Vanguard Total Stock Market ETF(VTI)$

$S&P 500(.SPX)$ - The Anticipated Squeeze is Happening: Price action was about to explode, and the $Cboe Volatility Index(VIX)$ closed the week with bearish shape (bullish for the stocks). A huge gap just happened. ➡️ Does the candle have bearish shape? yes, but this train may want to see the RSI overbought before a pullback, and the 200DMA is in a solid support position. The breadth signal from April 24th is proven its worth. $SPDR S&P 500 ETF Trust(SPY)$ ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

$NVIDIA(NVDA)$ - 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

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

$NVIDIA(NVDA)$ - 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

$S&P 500(.SPX)$ In the previous Weekly Compass, the outlook for the week that just ended included the possibility of a dip to $5,513 followed by a bounce. This was based on two indecisive daily candles highlighted in the chart below, situated near the 200-day moving average, with overbought fast oscillators and a gap at $5,581.The subsequent days saw the formation of more indecisive candles, including one on Wednesday that experienced a rapid flush and bounce, filling the gap and ultimately closing in the green despite the Federal Reserve's decision to maintain interest rates unchanged. The final outcome for the week did not reach $5,513, which was bullish, but it stayed essentially flat which suggests exhaustion and the need of a consolidatio

$iShares Russell 2000 ETF(IWM)$ - 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? $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$

$Invesco QQQ(QQQ)$ - Challenging the 200 DMA Rejection NarrativeIsn't there too much consensus about the rejection at the 200 DMA? Sometimes the Bollinger bands have encrypted messages, and the more a level is tested, the higher the chance it eventually breaks. The invalidation to the bullish thesis is right at $490.it is at resistance more: This is one approach about the 200 DMA rejecting price, for that reason the expression of bullish thesis invalidated.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here：Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free

$NVIDIA Corp(NVDA)$ - 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