alwaysinlearningmode

alwaysinlearningmode Updated 

NFLX has been super-bullish from quite some time. When SPY visited 348, NFLX was consolidating in a range and didn't go down as expected. NFLX latest breakout moves have been very violent. As marked, the last breakout gave 22.5% in just 5 days (19.5% in just three days from low of first green candle to high of the 3rd candles) Now, NFLX has broken out again and...

alwaysinlearningmode Updated 

The analysis is similar to the AMD one I posted, however, this is weaker than AMD. It didn't even retrace 38.6% of the last downward move (AMD retraced 61.8%) and it's ER is also further away. It does run in sympathy to AMD ER but that one is also far away. Another difference is that the current support it has isn't that strong (as AMD) and the next strong one is...

alwaysinlearningmode Updated 

The semiconductor industry is in a downtrend. Especially with NVDA and AMD. They have been making consistent 52 week lows for the past 3 days. Even with SPY making more than 1% on last two days combined, AMD lost around 9.5% which means even a strong market couldn't save it, which doesn't look good for it. On Friday, AMD rejected the long term support in the...

alwaysinlearningmode

1. AMZN has a Head & Shoulder on the Daily. The dashed line touches the two shoulders. 2. There is a sell signal on the SSL Channel for Daily. 3. It is also approaching a downward trend-line and is almost forming a double top (last 3 daily candles). All of these point to more downward movement in the coming days. In case it gets rejected here, then the first...

alwaysinlearningmode Updated 

Yesterday, SPY broke & closed below the long term support line that it was following since April 2020. SPY has bounced from this support 6 times while came near it around 3 times before reversing. It has finally broken this support yesterday, retested it (and got rejected) today and closed at 451.75). I think we see it touching 448 until Friday (tomorrow, we might...

alwaysinlearningmode Updated 

Once again, SPY got rejected at the critical resistance and is going down. Every time it rejected this level previously, it went down at least -0.9% and at most -4.5%. I am expecting it to go down to either 460 or even 456-458 in the next two days. Tomorrow, it might close around 460 and then it might gap down on Tuesday and then we see the recovery either that...

alwaysinlearningmode Updated 

SPY has been indecisive after breaking into the box on 27th December. It has posted all time highs during this time but the movement has been very subdued with less volume than normal. Until SPY break above or below this range, It wouldn't make sense to open a position. Once SPY decisively closes above or below this range (1 candle closes above/below and then...

alwaysinlearningmode Updated 

SPY has been quite strong the last couple of days but the same cannot be said about IWM. However, today IWM was able to follow SPY. Bounced off the 211-212.5 support and ran higher. It could next test the resistance at 220. The question is, can it fill the gap at 226-230? The answer is not so fast as there are two more resistance above 220 and near/below that...

alwaysinlearningmode Updated 

SPY is right at the door of the next resistance at the 1H chart. Will it have enough ammo to break it? On the 4H and 1D, 472-473 (which is around the ATH) is the next resistance. Today's close will give us an idea if SPY is going to attempt to break 470. My personal idea is that it might get rejected in the 468-470 area and would then test the start of the gap...

alwaysinlearningmode Updated 

SPY broke and closed below the 460 support first on 26 November, then gapped up but couldn't sustain the upward movement, broke it again on 30 November and then finally broke it decisively on 1 December 1-2 hours before closing and then went on to test 449-450. Then it retested 460 and got rejected, retested & rejected the 448-450 region again yesterday and went...