The market remains near record highs, but bearish price action and overbought conditions are starting to flash caution signals.
Key levels in $NDX, $AAPL, and $TSM could determine the next move.
1. $NASDAQ 100(NDX)$
Such bearish price action at all-time highs suggests continuation. When those bearish candles are validated by an overbought RSI, the bearish likelihood increases.
Can the market open green tomorrow? Yes, but it must prove any bounce by recovering key weekly levels.
2. $Apple(AAPL)$
TOP SIGNAL
$AAPL is constantly analyzed in my Trading Compas (daily and weekly). We have navigated bounces and tops successfully by combining technicals and S/R levels.
Link in bio for the full analysis and levels for the $S&P 500(.SPX)$ , all the mag 7 and other megacaps for next week.
3. $Taiwan Semiconductor Manufacturing(TSM)$
$TSM, the second largest semiconductor company in the world by market cap, has printed a weekly shooting star. Previous occurrences have sent the price to the 20 MA (currently 369 and rising).
Monthly, weekly, and daily levels are constantly updated for founding members.
$VanEck Semiconductor ETF(SMH)$
馃槏 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.
馃巵 We鈥檝e selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!
Hot Merch Returns 路 Up to 43% Off
Comments