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

okay so this is a critical moment for the market because as we will see in this CashNews.co the main indices and many other stocks including those on nor Rader are trading very very close to their inflection points it all depends on how the market reacts here in this area this is going to

be decisive in determining whether the uptrend will persist or not so if you are new around here well my name is Nathan I’m a Trader sharing my market readings in this channel here we talk about practical strategies that you can use based on technical analysis and price action so welcome to

the Finance Hydra Channel now as we can see here the Spy is materializing a pullback a shortterm correction TOS midterm support levels over here as we can see on the daily

chart the 565 is our major inflection point which is very close to the 20 1 day EMA the exponential moving average over here so there is a double support level in this area now if spy materializes a pullback above the support level fantastic the bullish bias will persist we’re going to see

spy making a new record high in the next few days or in the next few weeks now Nathan what if we don’t materialize a bullish signal over here well if we don’t then spy is going to turn bearish on the daily chart at least suggesting a sharper correction on the weekly chart which

we’re going to talk about later for now let’s keep your eyes open around the 565 the 21-day EMA this double support level over here on the daily chart this key point is critical it is the most important inflection point for this spy it was a previous resistance level over here one two

three times and right now it is acting as a support level for us following the principle of polarity in technical analysis which says that previous resistance levels are going to work as future support levels and vice versa another classic example of how the technique works over here all right

Nathan do you see a crystal clear amazing bottom signal in this area well yesterday we saw a bullish reaction all right an interesting bullish reaction what’s the problem the problem is that we are not triggering this bottom signal we are not conf confirming this bullish reaction we are just

making another bearish Candlestick pattern and in this scenario in this scenario if tomorrow or next week we lose this key point over here it could trigger a very dangerous very dangerous chart structure on the Spy suggesting more correction ahead all right let’s talk about it in a few

minutes right now the CU kill is also trading around its own 21-day EMA which is slightly above the previous resistance level over here at four $476 all right either way it is a double resistance level as well all right only if the K loses this double support level over here in the next few days

then all right we’re going to see a sharper correction on tech stocks and it is quite it is quite interesting to see such pullback occurring just after closing this Gap over here 4 $93 the previous open Gap from July this year all right we just closed this Gap and right now we are making a

pullback Nathan is the KQ is the Spy bearish right now well they are not bearish right now all right we are still maintaining the bullish bias we are dangerously close to to a critical inflection point that could that could start a sharper correction If lost but so far or main indices are still

trading above their main support levels therefore if you ask me there is still hope for a meaningful bullish reaction to materialize all right we are trying to we are really trying to but uh we need we need to see more confirmation now how this is going to affect our stocks because right now Nvidia

is going up 2.84% roughly the moment I’m recording this CashNews.co it is just exploding all right right yes it is exploding it is above the 21-day EMA again we are not making lower highs lower lows we are still we are we are still doing this all right higher highs higher lows as long as we

don’t lose the previous support level at 113 all right the bullish bias will persist Nathan what if Nvidia collapses in the next few days over here let’s watch the 113 very close this is the most important support level for NVIDIA as long as we stay above it the bullish bias will most

likely persist and the any bullish reaction above the 21 d ma above the 113 could present just another buying opportunity all right because a pullback is not enough to ruin the bullish bias to frustrate the bullish thesis now if we see a sharper correction all right if we see if we see Nvidia

losing the 113 great May maybe this is going to be a very interesting bearish reversal chart structure called Head and Shoulders chart pattern right especially if we don’t break the previous top level if we start dropping without making a new higher right this could be a possible a possible

Head and Shoulders chart pattern suggesting a sharper correction to the $100 but uh guys this is fiction all right it is not happening right now as I always tell you guys trade is reactive it is not predictive we can’t possibly predict what’s going to happen next one of you guys one one

one of you guys in our last CashNews.co which was a live stream here in this channel was accusing me Nathan Nathan you told us that Nvidia was going to retest the 130s again how it is dropping so sharply today right because because today today was two days ago September October 1st all right and uh

guys I told you guys this during our live stream we can’t possibly we can’t possibly predict the future therefore you should always work with strategy you need to use stop loss and you need to know where your target is before you even place the trade because you’re not going to be

right 100% of the time I’m not right 100% of the time I’m right roughly 67% of the time however according to our statistics which you can see in our website for every single dollar we lose in trades that went wrong we earn we make $2 $29 cents for every single trade that goes right and

we are right 70 67% of the time therefore this is how you achieve consistency all right your your gains must outweight your losses by using a crystal clear strategy every single trade needs to have reasons for being executed based on technical evidence too often I see people just buying and selling

without without a minimally format plan all right and this is terrible many people buy stocks without knowing what to expect next and uh when they start losing money and uh they don’t want to sell at a loss they just say oh this is a long-term investment anyways right now if you do if you

want to learn how to trade using strategy well completely free of charge you can download my ebook on technical analysis available on our telegram Channel which is totally free to try all right you can learn this strategy in the ebook and see how we use it in practice and in real time to make our

swing trading strategies it is a gift it’s a gift from us to you who trust our service and want to learn more and boost our performance with us Link in the CashNews.co’s description take a look at our telegram Channel see how our sign work and regarding regarding Tesla over here we see

Tesla collapsing rejecting yesterday’s bullish reaction yesterday we saw a hammer Candlestick pattern all right however this Hammer wasn’t triggered it wasn’t triggered because we failed in Breaking yesterday’s high and apparently we are not going to close above

yesterday’s high as well if we did well it would be just fantastic but right now there is no clear bottom signal in Tesla stock right here right now but Nathan we are still we are still very close to the 21 d ma and we are still above this purple trend line which connects the previous bottom

levels on Tesla yes we are therefore there is still time for a reaction if we see another very good bullish candles stick pattern over here if we see a very interesting bottom signal format above this key point it is going to be just fantastic probably Tesla is going to trigger another Buy Signal

in the next few days but we got to see a crystal clear meaningful bullish reaction as soon as possible if we lose this purple trend line then it is going to be a very dangerous situation for Tesla we could easily easily seek lower levels there is of course the $233 support level over here but uh we

already lost the 245 we are losing the 21 d ma if we lose the purple trend line over here well it is quite easy to see Tesla losing momentum over here and the the 233 might not hold its price might not prevent a sharper correction over here on the weekly chart especially because on the weekly chart

on the weekly chart we just hit the 265 all right and the US I have been telling you guys here in this channel for many many months now the 265 is a a major resistance level for Tesla longterm speaking if we actually fail in closing above last week’s low over here Tesla is going to trigger a

below the stomach Candlestick pattern over here on the weekly chart a classic bearish reversal Candlestick over here which could bring a sharper correction in Tesla possibly to the 21 we EMA next meaning we could drop to the $220 again very very easily all right so this is going to be very

interesting to watch right now this purple trend line is the most important support level for T stock speaking of weekly chart over here we see Nvidia inside what seems to be a symmetrical triangle on the weekly chart we got to see an upwards breakout of this triangle in order to materialize

another meaningful bullish reaction longterm speaking if we lose our support levels on the daily chart if we lose the 113 over here and then materialize The Head and Shoulders chart pattern we just described over here then in this scenario Nvidia could easily easily correct to the $100 next which

is very close to the base of this triangle pattern all right so this just reinforces our reading over here on the daily chart this is how you do a multiple time frame analysis by the way now as we can see here the QQ is also materializing a bearish reaction which seems to be an evening star kesti

pattern all right if we lose if we lose the 476 well probably probably we’re going to trigger this evening star pattern over here on the weekly chart suggesting a sharper correction at least at least to the 21 we EMA similarly we see the spy in a very dangerous situation as well because

because the previous alltime High over here in July this year at 566 566 564 uh it is it’s 565 all right yes 565 over here which is the most important support I’ve observed on the daily chart over here along with the 21 Day EMA if we lose this key point we could trigger an evening star

over here as well a classic bearish Candlestick pattern over here which as you guys can see as you guys can see over here on bu’s website it is a bearish reversal roughly 72% of the time the above numbers are based on hundreds of perfect trades and I teach you guys how to trade this pattern

and the many other patterns on our ebook over here on technical analysis Morning Star Evening Star I I also describe the statistics over here I tell you guys the trading strategies and the much much more therefore remember to download this ebook it is totally free on our telegram Channel you can

just join us over there see how it works the link to our website is in the CashNews.co’s description all right now these are the most important key points in spy Tesla and Nvidia AMD is also materializing a correction over here to the 21 Day EMA we are trying to react however we are leaving a

long Shadow above the candle’s body today which is particularly annoying it is important to see AMD breaking and closing above the 162 in order to prevent a sharper correction on the weekly chart over here especially because we are very close to a technical resistance level around 164 the

previous alltime high from November 2021 over here the previous top level from November 2021 so it is a very dangerous key point over here to materialize a top signal so it is very important for the for AMD to maintain the price above the EMA above the 160 to in the next few days maybe next week as

well meanwhile we see paler making a sideways correction back to the 21 Day ma all right the 21 Day the 21 Day ma is catching up with the price instead of the price meeting the 21 dayem may all right we are making a sideways correction A Time correction and right now we are making an upwards

breakout of this key point of the previous high $38.99 as long as paler stays a above this key point it is going to maintain the bull Trend all right the B Trend will persist what’s Pal’s next technical Target $45 which is the alltime high by the way what’s more we are frustrating

last week’s do G pattern we could materialize an evening start over here so if you are bullish on spy if you are bullish on QQ this is the reaction you want to see on the indices right here right now because we got to we need to break and close a b last week’s high in order to reject

the possibility of a top signal over here so pter is an example for us Neo is also trying to correct but uh as long as we stay above the $644 as long as we don’t trigger a bearish pivot point over here the bullish bias could just persist we just need to break the $771 over here in order to

materialize a bullish continuation chart structure back to the $957 this one is just exploding it is right now at $6 almost $7 uh by the way we bought Neo over here right on our telegram Channel I gave you guys the signal over here and then and then it just exploded right now right now it is not a

good buy because we are far from our support levels we need to approach our support levels and then when the risk reward ratio is more becomes more interesting makes more sense then all right we are going to be allowed to buy using technique using strategy using price action and of course always

knowing where our stop loss going to be where our targets going to be therefore it would be very interesting to see Neo triggering this bearish pivot point however we need to wait for more confirmation of course I’m going to keep you guys updated every single day in this channel so remember

to subscribe because here you’ll find daily unbiased analysis keeping always keeping this Cal at always keeping this calm attitude because we know that we can’t control the market but we can work with strategy so subscribe if you agree with the philosophy of this channel I highly

appreciate your support my dear friends thank you very much stay safe see you guys tomorrow