$HOOD & $NOW Bearish, $MSFT at Key Support, $RIVN Coiling in Buy Zone
Several major names are at pivotal levels.
$HOOD and $NOW remain in bearish cycles despite bounce potential, $MSFT is reacting off major long-term support, and $RIVN continues compressing inside a developing buy range.
1. $Robinhood(HOOD)$
HOOD is still in a Bear Cycle in my system.
Monthly BX is dark red, so trend stays down, but a relief rally into the $60 area is possible.
Monthly Bias is often a strong support zone, but I’m still on the sidelines.
I only buy when there is real pressure in the market, not on “discount” alone.
2. $ServiceNow(NOW)$
NOW is building a solid base and a move back toward $140–$150 is possible.
I am not buying yet ❌
My system is still bearish: Monthly BX is dark red and sellers are in control.
Most bounces like this end with another leg lower.
3. $Microsoft(MSFT)$
MSFT with a strong reaction off Monthly Bias and Point of Control.
Both are major long‑term support levels in my system and signal extreme discount.
Now I just need Monthly BX to start expanding. Once that confirms, I’m looking to go long.
4. $Rivian Automotive, Inc.(RIVN)$
RIVN continues to compress inside our buy range.
I still like this setup, but I want to see buyers start stepping back in as we head into the end of March.
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