Is it a Trustworthy Technical Indicator for the Stock Market? - What are its Implications? It serves as a powerful tool for identifying potential major turning points in the stock market, particularly marking the possible commencement of significant bull runs.The statistical approach indicates that in every single instance, the $S&P 500(.SPX)$ was higher 6 and 12 months later 100% of the time.I prefer to watch the charts rather than rely on simplified tables. The ones below highlight the day of the Zweig thrust with a vertical grey line.November 2023: The first gap appeared the day after on November 1st, with a second gap forming on November 2nd – and as you can see, the market's subsequent trajectory is clear. Today, four gaps remain open, th

Last weekend's technical analysis immersion anticipated a critical "break or make" week. This outlook stemmed from the price bounce off oversold levels two weeks prior. However, the subsequent decline warranted caution, leading to the following criteria being posted on Sunday:“The three elements to watch to consider a bounce: $Cboe Volatility Index(VIX)$ must break below 29 $S&P 500(.SPX)$ has to recover $5,321 $NASDAQ 100(NDX)$ must recover $18,456 (Earning Reports season)Percentage of stocks above 200 DMA above 30%”I ended up providing four elements, since after charting all the tech stocks, I found that NDX was going to be a major driver this week. Monday br

$S&P 500(.SPX)$ - Gap filled✅, and oscillators are trying to curl up: The move is promising, but technically speaking, the downtrend is intact considering the candle below the 5 and 10 DMA. For any bullish consideration, the grey line has to be conquered tomorrow.Image $SPDR S&P 500 ETF Trust(SPY)$ - The weekly chart provides a clearer view of the volume shelf that offered support. However, a break below $506 would likely lead to $492 imminently. While the overall setup remains bearish, the low volume observed on the zoomed-in daily chart despite the significant sell-off raises an interesting question: is the selling pressure becoming exhausted?ImageFor whom haven't open CBA can know more from belo

1. $SPDR S&P 500 ETF Trust(SPY)$ The weekly chart provides a clearer view of the volume shelf that offered support today. However, a break below $506 would likely lead to $492 imminently. While the overall setup remains bearish, the low volume observed on the zoomed-in daily chart despite the significant sell-off raises an interesting question: is the selling pressure becoming exhausted?Image2. $Invesco QQQ(QQQ)$ In case of a temporary spike tomorrow morning, be mindful of $432.9 as a critical level; because if it is lost, or continues as resistance, $421 is the next destination. Why temporary spike? Because the Bollinger bands, and every oscillator is currently indicating a downward trajectory.ImageThe

Monday brought the expected bounce; however, the gap-up seen during such uncertainty suggested a prompt fill, which indeed happened later that same day.Today, significant pessimism pervades the stock market. This analysis will balance this sentiment with price action, given that excessive negative sentiment has often preceded rallies in recent years, including during the 2022 bear market.Let's examine the average stock exposure reported by the National Association of Active Investment Managers. As shown in the chart below, which starts from 2022, allocations below 30% have historically preceded bear market rallies. For instance, a 6.5% short-lived rally occurred in May 2022, a multi-week 19% rally began in mid-June 2022, and the low allocations in October 2022 and 2023 coincided with marke

1. $Apple(AAPL)$ moves from the lower Bollinger band to the higher one and vice-versa. However, the 20 daily average can interrupt the sequence as it is happening since March (3 times already and highlighed). Since the fast oscillator is overbought, and the lower band is widening, managing risk for longs is vital. This daily timeframe suggests further downside.Image2. $Invesco QQQ(QQQ)$ - The volume profile has provided clues of rejection zones, as on April 2nd, 9th, and 11th. Last Wednesday and Thursday, the price found support in the lower volume shelf highlighted. However, the Stochastic suggests a decline is coming. Given the mixed signals the use of support and resistance levels is key: bearish if pri

1.GOLD $Gold - main 2506(GCmain)$ : Record Inflows: You may remember what happened after the record inflows to small caps and the same for big tech (similar chart). Manage risk using S/R levels for $SPDR Gold Shares(GLD)$ and $iShares Silver Trust(SLV)$ with the latest publication👇.Image2.Two securities presented notable resilience, $Palantir Technologies Inc.(PLTR)$ and Bitcoin; both managing to stay above their central levels:BITCOIN:The bounce thesis is still on for this security considering the support provided by $81.7K, some choppy price action is expected, but considering oversold oscillators, a scenario like Au

Charts tell stories, let's talk Moving Average Crossovers, considering the recent death cross in $SPDR S&P 500 ETF Trust(SPY)$ (50DMA in yellow and 200DMA in pink)Simple, effective, but not foolproof.ImageMAs smooth out price action. Think 20-day (short-term; blue), 50-day (medium-term; orange), 200-day (“the big picture” pink). A Crossover? It's when a faster MA goes above or dives below a slower one.🚀📉ImageBullish Crossover (aka "Golden Cross" for 50/200): Short-term MA breaks above Long-term MA. The market's whispering potential upside momentum. Could be confirmation or an early entry signal.SPY in February 2023:ImageBearish Crossover (aka "Death Cross" for 50/200): Short-term MA slices below Long-term MA. Suggests downside momentum kicking

1. $S&P 500(.SPX)$ - The low was right at $5,226: Indecision candle (mostly bearish), with bullish MACD crossover and the mentioned support that worked well today. A bounce tomorrow cannot be ruled out. Invalidation of the bounce thesis: $5,226. Image2.Bitcoin - I still see a bounce: Hammer breaching the lower band, followed by choppy price action, and finally bullish crossover in oversold zone.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.