$SPX (daily) Big 1.9% bounce (aggressive) back above 5/9ema and 50ema (potential bull trap). Gap up bearish spinning top at resistance zone: 1) channel backtest 2) uptrend line backtest 3) anchored VWAP 4) 20ema. Watch for bearish reversal with fail back below 5/9ema and 50ema.
$QQQ (daily) Gap up big push back above 5/9/20/50ema converged (bull trap?) Bearish hanging man at resistance: 1) downtrend line 2) 7 day box 3) 1 month channel. Watch for bearish reversal with fail back below 5/9/20/50ema
$DJI (daily) Relief bounce. Rejected at into uptrend line backtest, 100ema, and 5ema
$IWM (daily) Relief bounce. Rejected at box backtest, 100ema, and 5/9ema.
$VIX (daily) Massive -19% decline from prior day’s highs into support zone:1) 1 month channel 2) double bottom. Watch for bullish reversal with close back above 5/9/20/50ema
$MAGS (weekly) 4th straight week higher. tight consolidation into major resistance zone: 1) 1 yr channel 2) ascending wedge 3) double top with prior ATHs
$MAGS (daily) Gap up bearish hanging man into new highs. Bull flag breakout = likely bull trap. A major resistance zone: 1) downtrend line from ATHs 2) top of 1 year channel range 3) double top 4) ascendng wedge. Negative RSI divergence. Watch for bearish false breakout reversal and breakdown below the major ascending wedge.
$AAPL (daily) Gap filled. Bull flag breakout into new highs (likely bull trap). Bearish hanging man right into major resistance zone: 1) supply zone (origin of previous ATHs selloff) 2) 2 month channel 3) 1 month channel. 4) ascending wedge. Watch for false breakout reversal and breakdown below ascending wedge and 5/9ema.
$GOOGL (daily) Gap up breakout above downtrend line, VWAP, and 5/9/20/50ema = potential bull trap. Bearish hanging man rejection at horizontal resistance. Watch for bearish reversal and breakdown below 5/9/20/50ema, box, and ascending wedge.
$AMZN (daily) Gap up bearish doji at resistance: 1) downtrend line 2) 9ema 3) anchored VWAP.
$TSM (daily) Gap up bullish close right into resistance zone: 1) ascending wedge backtest 2) 1 month channel 3) anchored VWAP. Watch for bearish reversal with fail back below 5/9/20ema converged.
$SPCX (daily) Up +49% in 1 month. Massive 2 day +10% rally. Bearish spinning top at resistance zone: 1) top of lifetime descending channel range. 2) top of 2 month ascending channel range. 3) double top & top of 2 week box range 4) ascending wedge. RSI negative divergence. Watch for bearish reversal.
$META (daily) Top of 1 month +27% rally. 5 straight close higher. Bearish hanging man doji at major resistance zone: top of 1 yr channel range. 2) 7 month box 3) 1 month channel 4) ascending wedge. RSI most overbought in 2 years
$AVGO (daily)2 straight days higher. Bearish shooting star rejection at major resistance zone: 1) falling wedge backtest 2) box backtest 3) 5/9ema. Watch for bearish reversal.
$TSLA (daily) Symmetrical triangle breakout (potential bull trap). Gap up bearish shooting star rejection at major resistance: ascending wedge backtest 2) downtrend line 3) 100ema 4) 2 week box. Watch for bearish reversal with fail back below 5/9/20/50ema followed by breakdown below 2 week box.
$JPM (daily) (daily) Rejected at 5/9/20/50ema converged (again). Sitting on thin ice. Next downside break = breakdown below uptrend line and 2 month range.
