Nvidia approaching major resistance in this year's strong downtrend. It has about 3% more to go before reaching the key $170 level where it rejected recently. From there, it has little room before running into the brick wall that is this year's bear market. I suspect, depending on the coming week's opening, Nvidia will rally until touching the key $170 level where...
Tesla, as of recently has been in a steep, steep downtrend but found footing earlier in the week at about $166 where a hammer candle formed on the weekly.
We most likely see a small continuation of this reversal until we reach the resistance of the current downtrend marked in white. However, if Tesla manages to break above and retest its current downtrend's...
SPY is approaching the absolute roof of a resistance line in this downtrend that started at the beginning of this year. It still has about 2% more to go before it reaches its apex, then most likely rejects off the resistance line and sees lows down ~18% in the 330s area. Most likely, this rally stalls out in the coming weeks, and SPY sees another leg down as...
