To The Moon

The market’s recent bounce is facing an important test. For $S&P 500(.SPX)$ , the percentage of stocks trading above their 200-day moving average is currently around 52%. That keeps the market just above the 50% level that has historically mattered during broader selloffs. The bigger concern is the trend. 📉 The indicator continues to form a series of lower highs, suggesting that participation has been weakening even as the index itself tries to stabilize. A break below 50% would put the market in a different technical setup, where selling pressure can accelerate. Next week could therefore be important for $SPX: holding this area would help validate the bounce, while losing it would raise questions about whether the recent recovery was simply t

Last week, I was bearish on the $S&P 500(.SPX)$ $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ $iShares Russell 2000 ETF(IWM)$. They presented setups that were shared transparently here with paid subscribers. I always break down the exact reasons why a stock, index, ETF, or cryptocurrency is showing a strong bullish or bearish direction. This gives you the setup while teaching you how to read a chart a skill acquired over time through consistency. Reading an online infographic about candlesticks or skimming a single book is simply not enough; consistent practice is required. The targets were reached: 514.7 for DIA (a -2.1% move 🎯), 750.5 for

A very volatile but successful week has come to an end. Last weekend, I posted high-probability setups, see their targets below: Bearish setups: $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ : Reached the target at 514.7 🎯 (a -2.1% move versus Friday’s close). $SPDR S&P 500 ETF Trust(SPY)$ : Reached the target at 750.5 🎯 (a -1.8% move). $iShares Russell 2000 ETF(IWM)$ : Reached 281.1 🎯 (a -2.5% move). On the bullish side: $Meta Platforms, Inc.(META)$ : Reached 671 🎯 (a +3.6% move). $Netflix(NFLX)$ : Reached its target at 79.4 🎯 (a +2.6% move).

Three very different setups are playing out across the tape today. 🔴 $SPDR S&P 500 ETF Trust(SPY)$ : The gap at 758 has now been filled, matching 7,610 on $SPX. That move was on the radar after price broke above the upper Bollinger Band. The market first trapped the bears, then turned choppy and eventually dropped 3.3% from the ATH. Now sentiment has flipped bearish, price has reached the lower Bollinger Band, and there’s a fresh gap to watch. 🔵 $Invesco QQQ(QQQ)$ : Yesterday’s oversold reading helped fuel the rebound. Price is now testing the bearish diagonal. The catch? There’s still a 711 gap sitting below. A close back above the diagonal could delay the retracement and give the short-term bulls anot

Last week, we studied how to read the Setups Blueprint posted every weekend, covering momentum conditions, target prices, risk-to-reward ratios, and invalidation levels. We also reviewed how to manage support and resistance levels. Today, we will revisit them to reinforce the core concepts and examine the high-probability setups posted last Saturday, which accurately anticipated the decline in the indices and their targets 🎯. As anticipated last Saturday in the Weekly Compass, the market structure in the indices pointed toward bearish moves. Declines in the $S&P 500(.SPX)$ $Dow Jones(.DJI)$, and Russell 2000 were mapped as high-probability setups: $SPDR Dow Jones

$VanEck Semiconductor ETF(SMH)$ is sitting in an interesting spot. After the recent weakness, today’s candle showed some hesitation right around the lower Bollinger Band. That kind of price action can leave room for a tactical bounce before the next bigger move takes shape. 👀 The gap above is the level I’m watching first. If price starts moving toward it, that could keep $SMH stuck in another choppy session rather than giving us a clean directional move. But the downside levels still matter. ⚠️ No bounce and the pressure can build quickly toward 520, with 508 becoming the next level to watch. So for now, I’m keeping it simple: 📈 Bounce from the lower band → watch the gap 🌀 Gap pull → expect more chop 📉 No bounce → 520, then 508 come into focus $SMH

The Central Daily Level (CDL) anticipated yesterday for the $S&P 500(.SPX)$ at 7,620 was lost right at the opening today. There was no early warning for a bounce, and momentum remained bearish throughout the day with that level as resistance. Price action breached the first daily support level of 7,592 and found consolidation around the weekly level of 7,585. Momentum is bearish. The gap left behind on August 8th at 7,610 was finally closed yesterday, and price action continued its downward trend. The question today is: Will the Nasdaq100 follow? 28,842K is a bearish magnet and 29,2K is a bullish one, The Federal Open Market Committee (FOMC) kicked off its September policy meeting today. Interest rate expectations consider a 92% probability of

The bearish thesis for the major indices posted on Saturday was confirmed today; the $S&P 500(.SPX)$ opened below the central daily and weekly levels, setting a bearish momentum right from the start. The daily level (CDL) of 7,657 was lost from the opening and the price found support at 7,596.5, a support layer provided on Friday. The day was red for semiconductors, but it was not as ugly for the stock market in general. Individual names that I mentioned on Saturday as valid bulls like $Meta Platforms, Inc.(META)$ $Alphabet(GOOG)$ $Apple(AAPL)$ showed strength or resilience today. Among the setups highlighted with th

$Advanced Micro Devices(AMD)$ just cleared the symmetric series of lower highs, giving the chart a much more constructive look. The bigger confirmation is the recovery of the 50DMA, which puts the stock back above an important trend reference. Recent technical data also shows the 50-day average has shifted back into a bullish signal. 🔥 The breakout is encouraging. But I wouldn’t chase the move blindly. The oscillator is suggesting that some consolidation could come next, allowing the breakout to reset before another push higher. There’s also an open gap overhead that could become a near-term hurdle, especially with all the AI-related noise heading into the week. So the setup looks pretty straightforward: 📈 Breakout confirmed 📊 50DMA recovered ⏳ Con

Lower highs have dominated since June, and $E-mini Nasdaq 100 - main 2609(NQmain)$ is now pressing against the 20WMA. The bigger move may be close. A clean break below the 20WMA would put the 40WMA zone next in focus — roughly 9% lower from current levels. Losing 29,027 would add another major bearish signal. Meanwhile, the bearish diagonal on $Invesco QQQ(QQQ)$ remains intact. Today’s indecisive action was rejected at that trendline, keeping the downside structure alive. 🎯 Key levels 729 → potential short setup if reclaimed/filled first 712 → downside gap target 701 → next gap target 29,027 → critical $NQ_F support 20WMA → 40WMA → major downside path With Fed rate-hike odds sitting around 86%, there’s