The stock market has entered a highly choppy environment characterized by rapid, day-to-day reversals.
For instance, $NVIDIA(NVDA)$ rallied 6.2% on Monday only to reverse -3.2% today. Similarly, $iShares Russell 2000 ETF(IWM)$ posted a +0.93% bullish move yesterday but is down -1.3% today. These sudden, signal-free shifts illustrate just how volatile conditions can get. As we observed during the reversals of February 2025 and February 2026, this type of price action requires extreme caution.
Keep in mind that this choppy price action is triggering right after the $S&P 500(.SPX)$ neared $7638, the target I updated a couple of weeks ago. With this week’s recent high tagging $7,620 and then losing the weekly level, we can consider that target reached.
Today, we will focus on updating the setups anticipated for this week, $Apple(AAPL)$ reversed as anticipated last weekend breaching the already bearish target of $308 (-1.3%) 🎯, same IWM crossing below the bearish target of $287 (-0.9%) 🎯, and $Amazon.com(AMZN)$ reversing as expected breaching the third bearish layer of 250.9 (-7.3%) 🎯. Meanwhile, $Microsoft(MSFT)$ and $Palantir Technologies Inc.(PLTR)$ rapidly neared their bullish targets on Monday 🎯 before quickly reversing.
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