Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR #Finance

all right we see a very strong reaction today with the main indices flying and the many stocks are maintaining their uptrends as well apparently the market is just Unstoppable so let’s see what to expect next and uh analyze what the Market’s main turning points are always

observing the technical evidence because here on this channel you receive unbiased analysis every single day welcome to the Finance Hydra Channel my name is Nathan it’s

a pleasure to see you guys over here and uh yes we see a very very impressive reaction here on Spy which occurred essentially in the last few minutes right because we are exploding making a very nice bullish Candlestick pattern over here uh closing at a record high all right I mean we did an

alltime high last week but uh we are closing at a record high today making a very nice bullish reaction rejecting any possibility of a bottom signal right here right now I’m so sorry I said bottom signal right top signal right here right now if we see a top signal okay a pullback to the

21-day EMA at the exponential moving average or to the 565 would be totally normal expected even desirable because always buying near support levels while we are in a b Trend right so that would be okay but right now this reaction rejects the possibility of a top signal in this area for now the KQ

is also making another very good bullish reaction it did a sharper correction all right right below the $493 after closing this Gap over here which we were observing very closely here in this channel by the way this Gap over here was closed right now we are making a pullback a pullback to our next

support level 484 which was a previous resistance level multiple times over here one two three four five six times right now it is acting as a support level classic example of the principle of polarity in technical analysis previous resistance levels are going to work as future support levels and

vice versa right now meaningful bullish reaction above a support level this is very good what what the is doing right now just reinforces the bullish momentum which is still incredibly strong what’s more even if we see a sharper correction even if we see the CQ losing the 484 support level we

have two two other very strong support levels on the KQ the 21 Day EMA and the 476 the previous top level over here acting as a double support level right now so we are maintaining an incredibly strong uptrend over here there is not a single meaningful bearish reaction suggesting that we are going

to trigger a sharper correction to our next support levels meanwhile what’s more what’s more what we see over here is a classic is a classic Hammer Candlestick pattern which is a quite reliable bullish Candlestick pattern to work with I mean this pattern over here has from a statistical

point of view roughly 60% chances of reversing the bearish bias so we have a decent chance of maintaining the bullish bias midterm speaking reversing the shortterm bearish bias of course I describe this pattern over here on our ebook on technical analysis which is totally free for you to download

here you will see how to trade a hammer here you will learn how to trade Candlestick and chart patterns correctly always observing technical evidence and there is there is uh a bonus chapter on Risk Management over here therefore I really advise you to download this ebook which

again is totally free on our telegram Channel just take a look at our website link in the CashNews.co’s description all right class Hammer interesting bullish signal let’s see how it’s going to behave next as long as you stay above 484 great the bullish bias will persist Nvidia is

also making another very good meaningful bullish reaction above the 21 Day EMA the exponential moving average all right it is looking very good it is maintaining the bullish bias what’s more in Nidia is materializing trying to materialize higher highs higher lows Nathan what if what if Nvidia

loses the uh loses this 21 day EMA tomorrow losing today’s low as well then okay it is going to reject this bullish uh signal over here proba in this scenario the K would also reject our Hammer can stick pattern after all hammers work 60% of the time not 100% of the time so we got to observe

how our stocks and the QQQ especially especially the QQQ because this one is our main tech stocks gge right so as long as we stay above our shortterm and the midterm support levels we are going to maintain the bullish bias if we lose our support levels we are going to trigger a sharper correction

potentially reversing the midterm bullish bias if Nvidia rejects this bullish reaction all right the 113 is going to be our next technical support level if we lose the 113 there is no other meaningful support level uh other than the $100 down here so that would be quite problematic situation for

NVIDIA therefore let’s observe for now let’s observe how Nvidia is going to behave above this moving average over here now this one the Tesla all right Tesla is uh almost almost by a few cents all right by a few cents it almost hit our Target at 26513 all right this key point over here

this major resistance level is Tesla’s Nemesis over here because we have been talking about this key point for months right now even before Tesla reached this key point over here on May this year all right we have been talking about the 265 which is the most dangerous resistance level for

Tesla right now we are back at this key Point again so as far as I know if we see a top signal below this key point it could be particularly dangerous because it is a meaningful resistance level Tesla is right now quite far away from support level so we could see a sharper correction ahead

what’s the problem the problem is that a bearish thesis is not going to materialize that easy because we got to lose many many support levels Tesla is right now in a midterm uptrend we are still bullish in order to materialize a real very dangerous bearish reversal chart structure long-term

speaking we got to lose all of our main support levels on the daily chart namely the the 245 the previous Gap resistance level the 21 Day EMA over here a a dynamic support level we got to lose the $233 the previous major resistance level that acted as a resistance level one two three four five six

seven times in the past in addition we got to lose this purple trend line over here which connects the previous bottom levels since August this year therefore we got to lose four major support levels in order to materialize a sharper correction on the weekly chart only then we’re going to

we’re going to make a very dangerous bearish reaction as far as I know as long as we stay in a in this bu Trend as long as we maintain the bullish bias any pullback to one of our support levels could be just another buying Opportunity by when we are in an uptrend near a support level why

because the risk reward ratio is optimized near a support level what if we are in a bare Trend then sell near resistance Levels by near support levels all right the the idea is still pretty much the same all right always always follow the technical key points on our charts AMD is quite is quite

interesting because AMD looks more like the QQQ than Nvidia for instance Nvidia here is already at a support level making a bullish reaction above the 21 Day ma the KQ is stabilizing its price above the previous resistance level just like AMD stabilizing its price above the previous resistance

level 162 the main resistance level on August this year and again on September 25 5 days ago right now guess what this key point is acting as a support level for us following the principle of polarity in technical analysis previous resistance levels are going to work as future support levels and

vice versa now only by losing the 162 we’re going to trigger a sharper correction possibly to the 21-day EMA paler is also stabilizing its price however this one is incredibly insanely bullish as far as I know we are making a sideways correction AKA time correction we are instead of actually

dropping to meet our support levels we are waiting for the 21 Day ma to meet the price over here all right so this is a classic time correction not a price correction a sideways correction all right now if we see a meaningful bullish reaction above the 21 d ma that’s going to be fantastic by

losing the 21 d ma Pal’s next stop is going to be $33.3 the previous top level which is acting as a support level right now all right it’s a very simple situation as long as you stay above this moving average the bullish bias will persist despite of this uh congestion over here seeing

in the past few days all right so as far as I know the situation is still pretty much under control we still see our stocks we still see our indices maintaining their their bullish bias trading above their critical support levels from now on we should wait and see how they’re going to behave

around their critical inflection points and I’m going to be here to keep you guys updated every single day so again in this channel you’ll find unbiased analysis every single day so if you want to see how the market moves if you want to keep in touch with my personal insights well

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the CashNews.co’s description thank you very much for audience my dear friends stay safe see you guys tomorrow