Message me in CHAT any individual stocks you have or are watching for
- TERMINOLOGY: ES = S&P Futures; YM = DOW Futures; NQ = Nasdaq Futures
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️️ Challenge: www.32trades.com/200-trade-
What You Need To Know:
TSLA: 967.58 is your $1T Market Cap price pivot
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979 – 971 / 955 support attempt pivots
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1-2-3 completed view with pending 4 to low 900s
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1052 / 1077 impulsive blow off before decline plausible
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Xtremely OVERBOUGHT Daily
Major Indexes close on LOWS yesterday a shallow wave 4 or the wave A of the wave 4? Bearish looking zoomed out
SPX
The VERY VERY VERY LOW ODDS Bear B COMPLETED/COMPLETING view is still alive
SPX plausibly completed all of wave-4 with yesterday’s very weak, very shallow -1.46% total dip from 4522
A break below 4426 – 4420 focuses on 4350 +/- 5
NDX
With the FANG MAN & Co WEIGHTED names all up insanely the last ~10 sessions compared to all of 2021, every form of OVERBOUGHT WARNING has triggered
NDX 14385 is the warning level for BULLS while 14915 the TOP
RUT
Slightly different due to the larger decline…
30d Highs @ -15% line rejected while 2033 – 2023 bull support warning zone
DOW
Made it almost up to the 200d MA with RSI(5) up to 80; to the 200.0 extension off 1-2; right to resistance since the 2022 CORRECTION LOW 32272.64
AAPL: Perfect Resistance Tag
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RSI(5): 78.67
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171.65 300.0 extension and clear BULL/BEAR line
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50d MA with -10% line @ 166’ish
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INSANELY LARGE PUTS SWEEPS Tuesday for APR 29 Earnings (below chart)
SPX Daily H&S (from yesterday)
In Summary:
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SPX BEAR BOUNCES:
- JAN BOTTOM: 8 sessions; +8.83%
- FEB BOTTOM: 6 sessions; +7.34%
- MAR BOTTOM: 7 sessions (Tuesday); +8.66%
We should be seeing a dip to 4431 – 4386 before moving on to the CORRECTION IS OVER / EARNINGS SEASON
Keyword “should”
Biden @ NATO in Brussels and Putin has been responding publicly to the big Zelenskyy adresses so we’ll need to see what is on tap today when those start
Message me in chat/email any tickers you want looked at
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10yr @ 2.355 (5:00 AM)
VIX @ 23.18 (5:00 AM)
SPX Wednesday MAR 23 Data:
- Overnight Gap: -18.51
- Range: 45.26
- Open -Close: -36.86
- Close -Close: -55.37
- LOD > Previous Close: -55.80
- Previous Close > High: -10.54
- ATH > Close: -7.52%
- ATH > LOD: -7.53%
- 2022 Open: 4778.14 (-6.74%)
- HOD Off MAR 2020 LOW: +105.35%
- YoY: +14.58%
- Month of March (4,363.14): +2.13%
