$SPX (quarterly, log scale) At ATHs and major resistance zone: 1) 40yr channel 2) 23yr uptrend line 3) 4yr channel.
$SPX (monthly, log) We are headed into the final week of the monthly candle close at major resistance zone with negative RSI divergence. Watch for a pullback to give us a clear rejection in this zone. Previous 2 RSI negative divergences at ATHs in 2018, it lead to major multi-month downtrends.
$SPX (weekly, log) Top of extreme rally with 8th consecutive close higher into the highest weekly all time. Bearish spinning top. Unable to close above prior week’s range for the first time during this entire rally – this could indicate momentum preparing for a reversal at major resistance zone: 1) 40yr channel 2) 23 yr uptrend line 3) 4yr channel. Watch for bearish reversal with close below 2 week range and 5ema.
$SPX (daily, log) 3 straight close higher into double top with prior ATH candle. Lower high Gap up bearish shooting star at major resistance zone. Watch for bearish reversal with failed back below 5/9ema and breakdown below uptrend line.
$ES_F (1h) Opened the holiday weekend into Monday at the top of 1 month and 1 week channel range.
$QQQ (monthly, log) At ATHs and at the top of 7yr and 4 yr channel range. Negative RSI divergence. Watch for bearish reversal with close back inside last month’s range.
$QQQ (weekly, log) Extreme 8 week rally without a pullback. Bearish spinning top followed by hanging man at new ATHs. At major resistance zone: 1) 7yr channel 2) 4 yr channel 3) 16 month uptrend line. RSI most overbought in 1 yr. Watch for bearish reversal with breakdown below 2 week range and 5ema.
$QQQ (daily, log) 3 straight close higher. Pushed into new ATHs but failed. Gap up bearish shooting star rejection at double top and major resistance zone. Watch for bearish reversal with fail back below 5/9ema and breakdown below uptrend line.
$DJI (monthly, log) At ATHs and major ascending wedge resistance. Negative RSI divergence. Watch for pullback to close the monthly candle below the ascending wedge.
$DJI (weekly, log) Extreme 8 week rally into new ATHs. Breakout above horizontal resistance (potential bull trap). At resistance: 1) double top 2) ascending channel Negative RSI divergence. Watch for false breakout reversal and breakdown below ascending channel and 5/9ema.
$DJI (daily, log) 3 straight close higher into new ATHs. Gap up bearish shooting star at resistance: 1) double top 2) ascending wedge 3) 1 month channel. Watch for bearish reversal and fail back below 5/9ema.
$IWM (monthly, log) At ATHs and major resistance zone: 1) 14 year channel top 2) 4yr uptrend line. RSI most overbought in 5 yrs.
$IWM (weekly, log) Highest weekly close ever. Closed right back at major resistance zone: 1) 14 year channel top 2) 4yr uptrend line 3) 1yr channel. Negative RSI divergence. Watch for bearish reversal and breakdown below 4 week box and 5/9ema.
$IWM (daily, log) Big 3 day rally with 3 straight close higher. Gap up bearish shooting star at double top. Watch for bearish reversal
$VIX (weekly, log) Lowest weekly close in 4 months into major support zone: 1) 1 year channel 2) horizontal. Basing in right box for 1 month with 5/9/20/50/200ema converged. Watch for bullish breakout.
$VIX (daily) Extensive 5 day selloff with bullish spinning top at major support zone: 1) 1yr channel 2) Horizontal 3) falling wedge. Positive RSI divergence. Watch for bullish reversal followed by falling wedge breakout.
$HYG high yield corp bond (monthly, log) Following the big bullish green bar in April (bull trap) right into major resistance zone, current month gap down bearish reversal. Rejecting at 5/9ema and 20sma. Watch for eventual breakdown below 1 year box range. Previous times when we had major box/sideways consolidation for extended periods with 5/9/20/50ema converged, the eventual bearish breakdown lead to major market corrections.
$HYG (weekly) 2 month box consolidation with 5/9/20/50/100/200ema converged. Watch for major breakodwn below 2 year uptrend line, 2 month box, and 100/200ema.
Previous 3 times weekly 5/9/20/50/100/200ema was converged was 2022 market top and 2020 top before crash, and also March 2025 prior to crash.
$HYG (daily) Sharp 3 day rally with 3 straight close higher but rejected at resistance zone: 1) 50ema 2) 20sma 2) downtrend line 3) uptrend line backtest 4) double top. Watch for bearish reversal with fail back below 5/9/20ema.
$DXY (weekly) Following strong bullish reversal, small move higher but reclaimed above 50ema. Watch for breakout above 6 week box, 18 month downtrend line, and 50ema.
$DXY (daily) Bull flagging above 50sma. Watch for major breakout above 6 week box.
#DAX (weekly, log) Breakout above bull flag and horizontal resistance with 5/9/20ema and 50sma converged. (potential bull trap). Closed right into 1 year channel top. Watch for false breakout reversal.
#DAX (daily) Extensive 5 day rally into resistance: 1) downtrend line 2) double top 3) top of 1 yr channel range. Watch for bearish reversal.
#HSI (weekly, log) Gap down bearish breakdown below 6 week box, 5/9/20ema, and 50sma. Watch for big downside momentum shift.
#KOSPI (monthly, log) Top of parabolic 252% 1yr rally. Current candle wicking down below lifetime 46yr and 27yr channels at ATHs. RSI negative divergence
#KOSPI (weekly) Extreme 8 week week +60% rally into highest weekly close all time. Negative RSI divergence. Watch for big reversal and breakdown below 2 week range, ascending wedge, and 5ema.
#NIFTY (monthy, log) 20ema/sma has been a major support for 6 years until we closed below it February. After a massive bounce, we are now rejecting at 20ema/sma along with 5/9ema. What was major support (bottomed off 20ema/sma after April 2025 crash) should now be major resistance. Previous times, we fell below 20ema/sma, happen to be in 2020 crash and 2016 January crash.
#NIFTY (weekly) Inside bar. Green close but rejected at box backtest and 5/9ema. Watch for close below 2 week range.
#NIKKEI (monthly, log) At ATHs and rejecting at top of 33yr channel and 4yr uptrend line resistance. Negative RSI divergence.
#NIKKEI (monthly, log) At ATHs and major resistance zone: 1) 33yr channel 2) 7 yr channel 3) 4yr uptrend line. Negative RSI divergence. Watch for a pullback in the final week to wick below the 4yr uptrend line.
#NIKKEI (weekly, log) Highest weekly closer all time. Chopping side ways in range for 3 weeks. Watch for bearish breakdown below 3 week box and 5/9ema.
#UK (weekly) Bullish reversal after 4 straight weeks down and topped off at 4 month channel resistance. Watch for bearish reversal with breakdown below 1 year uptrend line and 5/9/20ema.
$MAGS (weekly, log) Bearish reversal at ATHs and first red close after an extreme 7 week +29% rally with 7th straight week higher. Rejected at 2yr channel resistance. Watch for breakdown below 2 week range with fail back below prior ATHs and 5ema.
$MAGS (daily) Bearish reversal after 2 day rally. Failed back below box and 5ema. Rejected at anchored VWAP from ATHs and bear flag. Watch for breakdown below bear flag and H&S neckline.
$NVDA (quarterly)Rejecting at lifetime 27yr channel resistance.
$NVDA (monthly, log) At ATHs and wicking back below the lifetime 27yr channel and 2 yr channel. Negative RSI divergence. Watch for monthly close below prior ATH level
$NVDA (weekly, log) Bearish dark cloud cover reversal at ATHs following an extreme 7 week rally. Rejected at major channel resistances. Watch for bearish confirmation with breakdown below 2 week range, prior ATHs, and 5/9ema.
$NVDA (daily, log) Breakdown below 2 week box and 5/9ema. Watch for bearish follow-through with breakdown below uptrend line, 20ema, and prior ATH.
$GOOGL (monthly, log) At ATHs and working on bearish shooting star with fail back below prior month’s range. Rejecting at major resistance zone: 1) 22yr (lifetime) channel top 2) 4yr megaphone. Negative RSI divergence.
$GOOGL (weekly, log) Pushed into new ATHs before bearish reversal. Rejected at major channel and 3yr uptrend line resistance. Negative RSI divergence. Watch for bearish follow-through with close below 3 week range and 5ema.
$GOOGL (daily) After back to back green close above box support, we have bearish breakdown below box and uptrend line. Rejecting at downtrending 5/9ema. Watch for bearish follow-through with close below 20ema.
$AAPL (monthly, log) At ATH and 5yr uptrend line resistance.
$AAPL (weekly, log)Extreme 9 consecutive week higher into new ATH. At major resistance zone: 1) 5 yr uptrend line 2) 10 month channel RSI most overbought since 2024 top. Watch for bearish reversal.
$AAPL (daily) 4 straight close higher into new ATHs. Wicked down and closed below resistance: 1) 10 month channel 2) 2 month uptrend line. RSI 78 most overbought in 17 months. Watch for bearish reversal.
$MSFT (monthly, log) Working on right shoulder of bearish H&S reversal pattern. Rejecting at downtrending 9ema and downtrend line from ATHs. Watch for close below 5ema.
$MSFT (weekly, log) 2 straight close higher but right into resistance zone: 1) downtrend line from ATHs 2) horizontal 3) 20ema. Watch for bearish reversal and breakdown below 4 week box and 5/9ema.
$MSFT (daily) 3rd failed breakout attempt over downtrend line and box. Inside bar. Watch for breakdown below UTL, 5/9/20ema, and horizontal support.
$AMZN (monthly, log) Massive +40% rally into new ATHs, Wicking down back below prior month’s range and major resistance zone: 1) 8 yr channel
2) 2yr channel.
$AMZN (weekly, log) Rejected at downtrend line. Watch for breakdown below 4 week box, prior ATHs, and 5/9ema.
$AMZN (daily) Bearish reversal after 2 straight days higher. Rejected at resistance zone: 1) downtrend line from ATHs 2) anchored VWAP 3) horizontal/double top. Watch for bearish confirmation with fail back below 5/9/20ema converged.
$TSM (monthly) At ATHs at the top of a parabolic +209% 1 yr rally. Wicking down back inside prior month’s range. Rejecting at major resistance zone: 1) 24yr channel top 2) 4yr uptrend line/ascending wedge. RSI neg divergence.
$TSM (weekly, log) Topped off at ATHs at major resistance zone and chopping sideways in tight range for 4 weeks. Watch for breakdown below 4 week range, prior ATHs, 5/9ema, and ascending wedge.
$TSM (daily) Bearish reversal at .618fib after 2 straight close higher. Watch for bearish confirmation with fail back below 5/9/20ema converged.
$AVGO (weekly, log) Following the bearish spinning top at ATHs, we have bearish confirmation lower. Upside momentum is now shifting downward. Watch for breakdown below 5 week channel, 5/9ema, and prior ATHs.
$AVGO (daily) Rejected at DTL from ATHs and 5/9ema. Watch for breakdown below 1 month channel, box, and 20ema
$TSLA (weekly, log) Bounced off box backtest and 5/9/20ema. Overall chopping sideways and closed near the same price level the past 3 weeks – momentum has dried out. Watch for breakdown below ascending channel, box, and 5/9/20ema.
$TSLA (daily) Big +10% bounce and 3 straight close higher Bearish shooting star at resistance: 1) prior horizontal breakout level 2)anchored VWAP. Watch for bearish reversal with fail back below 5/9/20ema converged.
$META (monthly, log) Tried to rally in April but rejected at major channel and symmetrical triangle backtest, and wicked down and closed below 5/9/20ema back to back month. Current month rejecting at 5 and 20ema.
$META (weekly, log) Basing for 3 week in tight range above 100ema support. Watch for bearish breakdown.
$META (daily) 3 straight close higher. bearish shooting star at 9ema resistance. Watch for bearish reversal.
$JPM (daily) 3 straight close higher into resistance zone: 1) horizontal backtest 2) anchored VWAP3) 1 month channel. Watch for bearish reversal with fail back below 5/9/20/50ema converged.
$IBB biotech (daily) Bearish shooting star reversal after sharp 3 day rally. Rejected at major resistance zone: 1) 1yr uptrend line backtest 2) anchored VWAP 3) 50ema 4) 20ema. Watch for bearish confirmation with fail back below 5/9ema.
Back in March 2025, breakdown below major uptrend line on March 26th lead to major selloff.
$HGX (weekly, log) Relief bounce off box and 200sma support after 3 straight close lower. Watch for breakdown below 1yr box and 200sma.
$IYR real estate ( weekly, log) Closed right into major resistances. Chopping sideways in box for 5 weeks. Watch for bearish breakdown with 5/9ema converged.
$IYT transport (weekly, log) Closed at downtrend line and 5 month channel resistance. Watch for bearish breakdown below 5 week box and 5/9/20ema.
$SOX semiconductor (monthly, log) Top of parabolic rally at new ATHs. At major resistance zone:1) 20 yr channel 2) 17yr channel 3) 14yr uptrend line
RSI 85 extreme overbought. Watch for pullback in the final week to wick the monthly candle below the resistance zone.
$SOX (weekly) Bearish hanging man at ATHs after a parabolic 8 week +74% rally into major resistance zone at ATHs. RSI 84 extreme overbought and highest since 2000 top.
$XLF Financial (weekly) Bullish reversal but at resistance zone: 1) 1yr channel 2) 20ema/sma 3) 50ema 4) anchored VWAP from ATHs. Watch for breakdown below 5 week box with 5/9/20/50ema converged.
$XLV (weekly, log) 2 straight close higher into double top and 20ema/sma resistance. Watch for bearish reversal and breakdown below2 month box range, 5/9/20/50ema, and UTL support.
$BTC (monthly, log) Rejected at major resistance zone: 1) 1yr box backtest 2) 9ema 3) 20ema 3) anchored VWAP from ATHs. Wicking down below 5ema. This is the initial backtest of 9ema and 20ema as resistance after falling below it for the first time after hitting ATHs. Similar example back in 2014 where we saw $BTC put in a lower high and $SPX failed at all time highs.
$SPX (daily) topped off with $BTC back in Nov 2014.
$BTC (weekly, log) Active signal is the bearish one black crow reversal at the highs until invalidated. Closed back to back weeks back below 20ema. Watch for downside momentum to trigger with breakdown below 4 week range with 5/9/20/50ema converged.
$BTC (daily) Choppy 3 day rally with 3 straight close higher into resistance: 1) UTL backtest 2) 20ema 3) 9ema 4) box. Watch for bearish reversal with breakdown below box and H&S neckline with 5/9/20/50ema converged.
