Another Week, Another 8 Out of 9 Wins
Support and Resistance Levels to set price targets and Invalidation levels for next week - Indices, Futures, Megacaps, ETF, Metals, and Crypto.
Success in the markets is about disciplined technical analysis and precision setting price targets. This week, 8 of our 9 high-probability setups hit their targets, proving once again that a market-neutral approach wins in any environment (not focused solely on Tech, nor limited to long positions).
My technical approach anticipated a critical rotation into the Dow Jones and non-tech giants, also from a technical bounce that was brewing in Crypto, and the bearish setups well documented during the last weeks in the Weekly Compass:
We caught the rally in DIA (+2.3%) and JPM (+3.1% to $335) while identifying the explosion in MSTR, which surged 8% past our second target. ETH (+2%), IBIT/BTC (+4%), and WMT (+2% to $115) all hit their anticipated marks.
You can make money in declines as well. Crucially, we stayed bearish on AAPL, validating our multi-week call, dropping another -4.3%, while TSLA hit our exact downside target of $425 (-3%) before bouncing.
Those eight successful setups were documented in the previous Weekly Compass. All nine posted setups came with an invalidation level, which, in the single case that moved in the opposite direction, simply prevented an entry.
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By providing clear price targets and invalidation levels, we help you let your winners run while aggressively protecting your hard-earned capital. Stop guessing. Start executing.
The support and resistance levels are essential during these times of volatility, the targets mentioned above for bullish and bearish setups were calculated on the modeled price levels and chosen based on technical indicators applied for each security, let’s study what are the ones for next week for the following securities:
Indices & Futures: SPX, NDX, DJI, IWM, ES=F, NQ=F
ETFs: SPY, QQQ, SMH, TLT, GLD, SLV, DIA, SH, PSQ
Major Stocks: AAPL, MSFT, GOOG, AMZN, NVDA, META, TSLA, BRK.B, LLY, WMT, AVGO, COST, JPM, PLTR, NFLX
Crypto & Related: Bitcoin, ETH, IBIT, MSTR
Leveraged ETFs: TQQQ, SQQQ, UDOW, SDOW, UPRO, SPXS, URTY, SRTY
Having a broad set of securities provide a better market perspective and empower your trading decisions, premium subscribers receive a combination of technical setups, price levels, and momentum using the following map making easier to locate the best securities to trade:
When you upgrade your subscription, you also unlock my eBook on advanced technical indicators, which includes comprehensive sections on:
Volume Profile
Support/Resistance (S/R) Levels
Advanced Oscillators
Valuation Ratios
Confluence Analysis
Case Studies
The eBook is right here in this publication! 👇👇👇 below the S/R Levels for next week.
I presented a guide on navigating the high-probability setups in last Wednesday's mid-week market update. Click here for acces.
WEEKLY LEVELS