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

yes we see the market recovering many stocks are performing very well but is this enough for the market to reverse the bearish sentiment after all next week is going to be wild is going to be intense right so what if the market collapses even further or what it takes for it to recover and

resume the long-term uptrend well as usual we are going to do our analysis of the market without any bias always following the technique no guesswork no assumptions no gut feelings right we only observe the technical evidence welcome or welcome back to the

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance Hydra Channel my name is Nathan it’s a pleasure to see you guys over here and uh yes spy right now midterm speaking on the daily chart we are maintaining the bearish bias

we just triggered a bearish pivot point meaning we just materialized a lower High lower low we lost the 21-day EMA the exponation moving average we lost the $574 as well so we are below our most important support levels on the daily chart in theory we are supposed to retest our next support level

which is the 565 which is a very important support level observed on the weekly chart as we can see here it was a previous top level now support support level it could be a support level again however if we lose this key point and only if we lose 565 we could see a sharper correction materializing

on the weekly chart then we’re going to see a more problematic reaction but so far apparently if you ask me spy is heading towards 565 oh Nathan today we are going up right we are making a bullish Candlestick right now yes we are but uh this reaction is still not enough to reject the bearish

sentiment all right when uh if we see if we see a bullish reaction on the weekly chart close closing a bullish candles stick on the weekly chart over here above the 565 then all right maybe we’re going to see a very good meaningful bottom signal above our major long-term support level

suggesting the continuation of the uptrend but so far we don’t see any meaningful bottom signal triggered yet all right spy is still in bearish territory and in this case 565 is our next technical Target the Kio is also in bearish territory right now the 21-day EMA is acting as a quite

important a quite important resistance level right now uh today right however today’s reaction is positive it is a bullish Candlestick pattern but again it is still not enough in theory Kik is supposed to retest 477 there is no meaningful miraculous reaction right now suggesting that we could

avoid this correction but uh for now we should pay attention to this 21 day EMA over here because if we break and close above it the KQ could resume uh its its long-term bullish bias retesting higher levels again maybe the alltime high again right but uh the weekly chart is not that good it is not

looking that good at all because we made a bearish single Candlestick pattern which only reinforces the bearish sentiment so right now the situation is very complicated and uh next week it is going to be even worse right because we have earnings earnings I’m so sorry we have elections uh fed

meeting as well right so it is not going to be easy however the key points I just described right here are the most important ones we should pay attention to them uh next week now Nvidia Nvidia is is trying to make a bullish reaction right above the 21 Day EMA this is very good because unlike spy

unlike QQ this one is right now trying to maintain the price above its moving average trying to maintain its price in bullish territory if that’s true yesterday’s reaction could be just an exhaustion bar and a possible false breakout of the moving average it is still trying to Main

maintain the bullish buyas we are still making higher highs higher lows if we actually materialize a bottom signal above this moving average that’s going to be perfect for NVIDIA however the weekly chart is very dangerous all right it is very very dangerous we see a bearish shingle fing

Candlestick pattern below the alltime high area below the 140 resistance level that’s extremely extremely delicate because if next week thanks to the higher volatility we see Nvidia losing this week’s low we could trigger this bearish ining suggesting a sharper correction to the 21 week

EMA on the weekly chart well of course 21 week EMA of course weekly chart all right so we could we could trigger a sharper correction to our next support level over here if this bearish Engle thing get gets triggered all right a bearish Engle thing is from a statistical point of view a quite

reliable bearish reversal Candlestick pattern because according to Thomas Bukowski’s studies it does reverse the trend 79% of the time however however it needs to get triggered first all right therefore we should monitor this price section very very closely and this week’s low is going

to be its major inflection point it is it is going to be even more important than the 130s support level over here which was a previous resistance level one two three four five six times in the past now is our major support level as well so this key point this whole area is going to be very very

dangerous for NVIDIA in order to avoid a sharper correction we need to materialize a very meaningful nearly miraculous bullish reaction Above This support level then and only then we may see Nvidia continuing its bullish bias now guys a very important and a quick message for you our mentoring

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exclusive and uh dedicated program I think you guys are going to like it now back to our analysis back to our analysis Tesla Tesla is of course it is dropping today right many stocks are going up we see spy up KQ up however Tesla is the only one that is still clearly in bullish territory I know it

is dropping today yes 0er 39% right now but still we are above the 21-day EMA we are clearly above the moving average unlike Nvidia which is struggling around its moving average we are way above it we are above the 242 support level we are we are maintaining the bullish bias all right as far as I

know we could drop a little bit more to retest this double support level made by the moving average and the 242 however we need to see a bullish reaction as soon as possible above this double support level then then we may see a buying opportunity right but so far there is none all right Tesla is

just correcting there is no light in the end of the tunnel of course there is a a possibility of a bullish reaction around this support level which is going to be a very meaningful support level right I do I do see this key point is a quite important one because it is not only a double support

level on the daily chart but if we take a look at the weekly chart no no on the daily chart the I’m so sorry daily chart when we use fibonacci’s retracement over here we see that the 242 is coincidence or not right around the 50% retracement and below this point we have the 61.8 but uh

this key point over here the 50% is going to be the most important one of course follow ing the technical evidence right here so let’s see how Tesla is going to behave next week especially right now that we are approaching such important support level if we see a bullish reaction there is the

possibility of another bullish pivot point because Tesla is in bullish territory uptrends are made off higher highs higher lows so by making a bottom signal over here we could trigger another bullish Pivot Point breaking the previous resistance level finally breaking the 265 for real leaving this

key Point behind retesting the $300 next therefore let’s see for now let’s see how Tesla is going to behave near our support level AMD dropping there is no hope for it it is just collapsing if you ask me we are seeking our next technical support level which is this purple trend line

over here which connects the previous bottom levels on AMD since October last year all right last year since October 2022 all right so this is going to be our next major support level let’s see how AMD is going to react when if we get to this point all right so far no light in the end of the

tunnel we are still collapsing paler paler is going up nicely it is just like Nvidia right making a bullish reaction stabilizing around its moving average it is quite interesting because by avoiding a breakout of the $40 support level it is going to completely reject any possibility of a bearish

reversal right here right now and and uh honestly I would totally understand if we see palent reversing on the weekly chart because we see a bearish engling on the weekly chart right below the $45 resistance level if we see paler triggering this Candlestick pattern losing the $40 again we could

easily easily correct all the way down to the 21 week EMA down here let me erase this keep these key points over here because they are just annoying right now we could easily correct to the 21 we EMA that’s okay it is not going to ruin the bullish bias just like the cuq could correct all the

way down to the support line of this ascending Channel and still maintain the long-term bullish bias paler could drop and and uh a drop to the 21 week ma uh means a drop off roughly almost 15 177% over here all right it is going to be a very annoying drop but still it would maintain the long-term

bullish bias if you don’t have the stomach for it well observe the $40 support level because if we lose it then we could easily materialize a top signal on the weekly chart and we’re going to materialize a bearish reversal on the daily chart as well so far so good the 21-day EMA is

holding the price but uh yeah the $40 is going to be our major support level right now Micron Micron looks horrible all right and uh this is one of the reasons why you should subscribe this channel by the way if you are still not a subscriber because every single day we are here talking about

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then you will see the media saying oh stocks are collapsing spreading Panic Etc you will crave for an unbiased analysis of the situation trust me so just subscribe right now all right you are welcome to our community now uh yes microme Micron Technology this one is this one is not only dropping but

it is also losing a very important support level which is acting as a resistance level right now today by failing in reacting a above the $100 which by the way is a very interesting psychological support level right it is around number $100 by failing in reacting in this area Micron suggests a

sharper correction possibly to the 96.8 which is an open Gap all right it is a crystal clear open Gap and remember gaps work as magnets for the price when Trends revers right it is a real magnet what’s more what more to make matters worse we see a possible a possible Head and Shoulders chart

pattern right which only reinforces the bearish sentiment honestly let me tell you guys honestly I was quite bullish on it since since this one triggered this amazing uh ignition bar over here on October 10 but uh by a few Cents by only a few cents it failed in reaching my personal Target all right

right now it is dropping okay I’m not going to cry about it it this is part of the game all right losses and gains are part of the game no one has 100% accuracy all the time therefore the most important thing of all is Risk Management when we make money we try to make way

more than we are willing to lose in the first place so this is this is how professional real Traders work here in this market all right we we are not supposed to have 100% accuracy Risk Management is even more important than accuracy trust me trust me all right it is way more

important because let me speak by experience there is no there there is no value in having a I don’t know 90% accuracy but when you lose money you the this single loss wipe out all of your gains all right it is not worth it so just trust me Risk Management is the most

important thing of all now as as far as I know Micron is about to close this Gap $968 there is no meaningful bottom signal no mean no meaningful bullish reaction suggesting otherwise so this is it and the so far you guys love Sofi I Know It And as as far as I know Sofi is not only maintaining the

bullish bias but if we see a pullback I’m not saying we will correct but if we do correct any pullback to the $104 9 cents could be just a harmless shortterm pullback even if we correct to the 21-day EMA again that’s not going to harm the bullish bias all right any pullback could be

just another buying opportunity near a support level when the risk reward ratio is optimized therefore so far there is no meaningful pullback there is no meaningful top signal triggered but if we do I think Sofi is going to trigger is going to offer us another buying opportunity just like Tesa all

right which is still in bullish territory seeking our support levels when the risk reward ratio is optimized so let’s pay attention to these key points from now on remember to subscribe this Channel and take a look at our website if you have any interest in joining our mentorship program

places are limited so just join us right now thank you for audience my dear friends see you guys Monday stay safe bye-bye