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Market Overview IWM has been experiencing a significant downturn over the past week, reflecting broad market weakness. The ETF is attempting to stabilize after hitting critical support levels. Gamma Exposure (GEX) analysis highlights key resistance and support areas, providing insights for potential market movements. Gamma Exposure (GEX) Analysis * Current Gamma...
In the past two days, SPY (S&P 500 ETF) has experienced a pronounced downturn, raising critical questions about the next directional move. Today's price action indicates a pivotal moment, with the market consolidating near a key support level at $584. The question remains: is this a pause before a bounce, or a precursor to further downside? This detailed analysis...
1. GEX Analysis for Options Trading Gamma Levels and Key Insights: * Support Levels: * $130: Major put support, showing strong downside protection. * $128: Next support level (3rd Put Wall). * Resistance Levels: * $134: HVL (High Volatility Level) and pivotal gamma level for upside moves. * $136: Highest NET GEX, indicating a strong resistance...
1. GEX Analysis for Options Trading Gamma Levels and Key Insights: * Support Levels: * $432.5: Major put wall, indicating strong support for downside protection. * $435.0: GEX9 level, minor support within the current range. * Resistance Levels: * $440.0: Significant call wall, indicating resistance for upward movement. * $450.0: Highest positive...
Market Context Tesla showed weakness today, closing lower after a significant intraday decline. The price action reflects selling pressure with volume increasing during the latter part of the session, indicating bearish sentiment. 1. Key Levels * Support: * $425.00: Put Wall support and critical level for a bounce. * $420.00: Next downside target in...
Market Overview for December 19, 2024 Today’s market showed consolidation across major indices, with limited directional movement and investor caution following recent Federal Reserve policy updates. The S&P 500 and Nasdaq Composite experienced marginal declines, while the Dow Jones Industrial Average remained flat. Treasury yields exhibited mixed movements,...
The market witnessed a steep decline today, with SPY reflecting significant selling pressure. This crash-driven move indicates a pivotal shift in market sentiment, raising questions about support levels and potential recovery zones. Market Structure Analysis * Trend Overview: The daily chart shows SPY breaking below its ascending channel, signaling a potential...
Market Overview The Nasdaq 100 ETF (QQQ) experienced a significant market drop today, reflecting a bearish sentiment in technology-heavy indices. The broader sell-off has pushed QQQ down to critical technical levels, where a combination of support zones and gamma exposure levels could offer insights for the next trading sessions. Market Structure Analysis * Daily...
Tesla experienced a significant decline during today’s trading session, aligning with broader market weakness. This sharp drop follows a recent bullish rally, prompting key questions regarding whether the stock is consolidating, forming a reversal, or preparing for another leg higher. Market Structure Analysis: Tesla has been in a strong uptrend for several...
Apple (AAPL) experienced a sharp decline today, reflecting broader market volatility and potential profit-taking from recent highs. This analysis explores the technical outlook to assess possible reversal points, continuation patterns, and actionable trade setups. Market Structure Analysis * Daily Timeframe: AAPL broke out of its ascending channel but sharply...
With the broader market experiencing significant declines, Amazon (AMZN) has been no exception. Today’s drop marks a critical juncture for the stock, with implications for both short-term traders and long-term investors. Let’s dive into the technicals to uncover potential opportunities and risks. Market Structure Analysis: * Trend: AMZN broke below its ascending...
Today, GOOGL faced a significant market downturn, dropping sharply from its previous highs. This crash in price reflects broad market weakness and heightened volatility. Let’s analyze the structure, levels, and opportunities for recovery or further downside. 1. Market Structure Analysis * Trend: GOOGL has broken below critical trendlines on the hourly and daily...
1. Daily Chart (1D) * Trend: SPY is trading within a well-established upward channel. The price recently hit resistance at the upper channel line (~609), suggesting overbought conditions. * Support Levels: * 590: Key short-term support, aligned with the lower EMA support. * 577-571: Major support zone; a breakdown here signals a bearish shift. *...
1. Daily Chart (1D) * Trend: QQQ continues its uptrend within a rising channel. The price has broken through upper resistance and is testing the top of the channel. * Support/Resistance: * Immediate Support: 525.60 * Major Support: 513.30 * Resistance Zone: 539.15 (current high) * Indicators: * MACD: Bullish momentum but signs of flattening,...
1-Day Chart (Daily Overview): * Trend: AAPL is trading in a clear upward channel, breaking above resistance levels and nearing overbought territory. * Price: Currently at $253.48. * Support Levels: * Short-term: $237.50 (daily support). * Stronger base: $219.50. * Resistance Levels: * Immediate: $255.00 (channel resistance). * Higher target:...
1. Daily Chart Overview (1D) * Trend: NVDA has been in a strong downward move but is currently showing signs of potential consolidation after hitting a low of 126.86. * Support/Resistance: * Immediate resistance: 132.55 – a psychological level for a potential breakout. * Major support: 126.86 – a key area where buyers have stepped in. * Volume: The...
1. Overview of Market Structure: * TSLA is in a strong uptrend on the 1-hour and 30-minute timeframes, consistently making higher highs and higher lows. 30-minute timeframes, * The stock currently shows minor consolidation near 471 levels after a sharp upward move. * A corrective pullback is evident on the shorter timeframes as the price tests support...