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

all right so the market is losing momentum today and we are seeing bearish reactions in the indices especially in technology stocks so in this CashNews.co we are going to do a detailed analysis of the market looking at spy QQQ Tesla Nvidia and more always always in a straightforward and

professional manner following the technical evidence and of course working with strategy this is the Finance Hydra Channel my name is Nathan it’s a pleasure to see you

guys over here welcome to another CashNews.co now as we can see here spy is materializing a bearish reaction today that could that could be the start of a possible correction ahead all right because we see a bearish reaction it is a small bearish kesti pattern we are clearly losing momentum over

here and uh if we see a top signal we could easily correct two next support levels Nathan would that reverse the bullish bias no but we could see a sharper correction to the 586 or maybe even to the 21 Day EMA the exponential moving average on the daily chart over here so any pullback over here

could be quite sharp and quite intense because even even if we drop to the 586 again we are talking about a drop off roughly 2% and that’s a lot considering we are talking about the Spy ETF all right so let’s be let’s be careful around this possible top signal the is also showing

a possible top signal today today’s candle has a name all right it is a classic hanging man Candlestick pattern and uh this could be this could be applicable to the Spy ETF as well but it is better seen on the kikq ETF because we see a body a bearish body and a long Shadow or a relatively

long Shadow below the kandes body over here materializing a hanging man kandles stick pattern trading literature suggests that this is a top signal more often than not all right however Thomas bossk’s studies revealed that this pattern over here in fact it is a bullish continuation pattern

more often than not I believe 59% of the time if I I recall correctly therefore more often than not a bearish a I’m so sorry a hanging man Candlestick pattern is a bullish continuation candle pattern and this is quite understandable because every single guys now pay attention every single

hanging man Candlestick pattern is just a shortterm pullback when we analyze a smaller time frame like the one hour chart for instance over here we see that QQQ is still in a bu Trend the uptrend still persists now we see a pullback approaching the moving average over here and right now we are

bouncing again since it is a bull Trend odds are that we’re going to continue the bullish buys because a bull trend is made of higher highs higher lows all right right now we see pullback approaching to a support level and if we see the KQ breaking breaking today’s high it is going to

just trigger another bullish pivot point on the 1our chart therefore this is why 59% of the time according to Thomas bulow’s studies this hanging man Candlestick pattern is more often than not a bullish continuation candle pattern all right now Nathan what if we lose this candle’s low

then we’re going to trigger a a possible pullback to the $500 area especially because when we look at the 1hour chart if we see the KQ losing today’s low without breaking its high we’re going to materialize a bearish pivot point on the 1hour chart all right what’s more

we’re going to lose the 21-hour EMA over here materializing a crystal clear shortterm reversal chart structure on the 1hour chart suggesting a pullback on the daily chart it is a quite simple situation but this mechanics is very important for you to understand in order to build your

strategies all right always use a multiple time frame analysis understand what every single Candlestick has to tell you because this is how we develop our strategies all right now Nvidia on the other hand Nvidia is losing yesterday’s low I’m so sorry Friday’s low yesterday was

Sunday all right so it is losing Friday’s low however we are approaching a very important support level 144 the previous top level Nvidia does that all right it simply does that last time we saw the breakout of a previous stop level around the 130 over here we retested this top level over

here as a support level after the breakout after the upward breakout therefore we did an upward breakout of the 144 now we we are retesting this key Point again as a support level that’s so Nvidia all right it is a technical movement nothing surprising but uh if we lose the 144 I agree that

it could be a quite frustrating scenario for our stocks and we could see a sharper correction ahead so far there is no clear top signal triggered we don’t see any meaningful top signal on the weekly chart as well so the bullish bias is still intact of course we could easily correct all the

way down to the 21 Day EMA over here and still the bullish bias would persist but uh we would need to see a crystal clear bullish reaction above the support the support area as soon as possible all right otherwise we could reverse the midterm Trend observed on the daily chart suggesting a sharper

correction on the weekly chart all right so for now let’s pay attention to our support levels Tesla Tesla on the other hand it is exploding uh $350 right now that’s very very impressive going up 9% today 9% today all right it is a very incredible Movement we are clearly clearly leaving

all of our previous resistance levels behind they are supposed to work as support levels if we see a crystal clear bearish reaction suggesting a sharper correction ahead but so far not a single bearish reaction is observed over here in theory in theory Tesla is seeking the next resistance level

$384 all right which is a secondary resistance level the optimal Target of this bullish move is the alltime high $414 this green line up here all right so so far so good the situation is under control we are maintaining the bullish bias there there is not a single bearish reaction there is not a

single top signal there is not a single bearish reaction not even on the 1hour chart all right unlike Nvidia which is trying trying to materialize a a bearish reversal on the one hour chart Tesla is still incredibly bullish as far as I know pullbacks are opportunities to buy of course if we see a

pullback ahead right so far no technical evidence now AMD is still in bearish teritory we are still dropping uh making lower highs lower lows if you ask me we are going to retest this purple trend line over here which connects the previous bottom levels since October 2022 oh and guys before I

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a look at our website link in the CashNews.co’s description now as we can see here AMD is maintaining the bullish bias okay great if we break that if we break the 21-day EMA that could be a crystal clear bullish reversal signal but so far there is no meaningful bullish reaction yet paler

going up more than 3% that’s fantastic we are trading around $60 right now all right as far as I know any pullback to the 21-day EMA or maybe even to the $45 could be just a harmless pullback and of course another buying opportunity near a support level because the risk reward ratio will be

very good around the support level therefore any pullback could be just another buying opportunity but I do agree that a pullback to the 45 could be could be pretty annoying because we are talking about a 25% drop right now a $15 drop so it would be very very annoying if if you buy near a top level

this is why I always tell you guys Buy near support levels sell near top levels because the risk reward ratio is better at support levels and of course the odds will be in your favor this is how we work with strategy over here so far I don’t see any new opportunity in paler it is not a long

it is not a short as well for the CR sake this is not a short it is incredibly bullish but if we see pullback all right it could be another buy again all right this is how we proceed in this situation the weekly chart looks quite impressive we finally broke the ultimate High Resistance line over

here and we are still going up there is not a single bear signal not a single top signal yet Nathan what if this candle is a dog well it could be but but uh last Thursday we also saw a dog over here which wasn’t even triggered all right so this is why I always tell you guys wait for the

pattern to materialize wait for the pattern to get triggered in order to build your strategies properly with technical confirmation this is the main difference between Traders and gamblers or right gamblers trade without confirmation Traders wait for confirmation even even if this confirmation

sacrifices part of their gains all right this is how we work over here in the Finance Hydra Channel because we we don’t want to be those guys who buy the very bottom

and sell the very very top we are not going to be those guys never you are not going to be either trust me you won’t I tried you’re are not going to do that because if you work without a crystal clear trading plan without confirmation well ODS will be totally against you you’re

going to be just another another Gambler in this market so let’s always work with strategy now SOI you guys you guys are worried about soofi guys incredibly bullish do we see a top signal no what if we see a top signal it could correct to the 21 Day EMA again and that’s it Nathan what

could possibly be a top signal for you here in this situation well for example if we see a bearish kesti pattern tomorrow closing below today’s low it could be a top signal suggesting a pullback not a reversal but a pullback to our support levels then we’ll see if Sofi will be a buy or

not and even if we see a top signal I wouldn’t advise uh shorting in this scenario because we are nowhere near near any resistance level you’re going to trade against the trend and uh I’m not so sure if the risk reward ratio is worth it in this circumstance all right so so far

it’s still very bullish period super microcomputer you guys are also very worried about super microcomputer guys this one could be could off first could could offer us another very nice opportunity because we are near a support level all right I know the trend is bearish if you want to buy it

be aware because you would go against the trend all right so the odds would be against you so the risk reward ratio must be very very very good in order for you to do such a trade right now we are trying to react but there is no meaningful bottom signal here yet today we are dropping yesterday

yesterday again I’m so sorry last Friday we also dropped over here so there is no meaningful bottom signal but uh we are trying to react all right we are trying to if we see bottom signal it could jump again to the 21 Day EMA or maybe to close this Gap near the $47 all right I do agree it is

quite tempting because because a jump to the $47 represents represents 100% all right so it is quite crazy it is quite risky as well so be aware be aware of this Please be aware of the risks this company is extremely extremely bearish all right it is just collapsing it is melting it is on the verge

of getting the listed over here so be aware all right of course I’m going to keep you guys updated every single day in this channel so if you’re still not a subscriber well subscribe because I’m here every single day keeping you guys updated on spy K Tesla Nvidia and much much

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