SoundsgoodTFtalks

Prediction for next few weeks $TSLA, $NVDA $BTC

Short
SP:SPX   S&P 500 Index

As I wrote weeks ago, the market successfully broke the bear market structure and officially entered into the bull market, but it did not represent we could buy and chase the current market, it only meant the 3500 (last Oct low) will no longer be a valid pullback point and we would not see it at least in the short term.
Right now, I am looking for more pullback before independence day (7/4/2023). The first target will be 4325-4330. If 4325 breaks as the closing price(High probability), more downside risks will increase dramatically, and the pre-gap will be filled, where around 4220-4240. Once we fill or touch the gap support, the bounce can be triggered as RSI oversold and the J value from the KDJ indicator becomes negative, a retest 8 EMA will be required. (I assume it will be an independence day rally). After the short bounce back, we will see more drop before big tech earnings


The path I drew from the last week is still followed, the only uncertain thing is how much pullback will be, there will be two targets 230-233 and 215-220. when we touch those targets that will be a buy time for TSLA.


NVDA finally breaks 8 EMA as the last Friday closing price. The first pullback target will be the earning gap 366-370.

BTC has successfully broken the downtrend channel, and price actions are super strong, I think it is probably caused by the money escaping from the big techs and rotating into the crypto market plus the tons of the money market funds rush into the crypto as their alternative investment besides the big techs.
From the technical indicators, it looks super bullish, we will see more upside movement in the near future.
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