Hello everyone,
The futures session has opened and we are already seeing volatility. Prices opened in the red before staging a quick bounce. As mentioned on Saturday, a spike is possible, but the indices must recover their central weekly levels to provide stronger validation for a sustained bounce. I also outlined the less likely scenario of a gap down.
The key readings for this week include:
1. Support and Resistance Levels for the Week Ahead This report covers the SPX, NDX, DJI, IWM, QQQ, SPY, the entire Magnificent 7, and major megacaps including key semiconductor companies like AVGO and AMD. The crucial Central Weekly Level (CWL) for each security serves as a vital reference point to validate any bounce. All the structural details can be found here:
The S/R publication is posted every Friday, detailing both the weekly levels for the coming week and the broader monthly levels. The Central Monthly Level (CML) holds major relevance for determining bullish or bearish momentum. At this point, both the SPX and NDX and six of the Magnificent Seven have lost it.
2. Weekly Compass This publication posted on Saturdays features deep technical setups and a thorough immersion into indicators for major indices, ETFs, equities, and Bitcoin, alongside a comprehensive analysis of current market conditions.
3. Customized S/R Levels Premium subscribers submitted over 70 individual securities this weekend for a customized analysis of their weekly support and resistance levels. These specific price levels have already been posted directly within the original submission chat.
4. Market Intelligence I highly suggest keeping these three recent studies in mind, as each assesses market pullbacks under similar conditions. While exact chart patterns do not repeat, underlying technical conditions absolutely do:
Since SpaceX is about to be a publica company, I will post a special about major IPOs this Wednesday.
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5. Founding Member Exchange Hub Founding members can now download the data sheets containing the monthly, weekly, and daily levels for our core watchlists and customized user requests.
For the next few days, I will be posting the daily SPX levels for all paid subscribers to welcome the new members of our community who may be interested in this data. Heading into tomorrow’s session, the SPX must recover 7,431.4 (CDL). Any intraday bounce below +0.6% remains questionable. If a bounce does materialize, the entire community has the clear CML and CWL metrics to monitor across the SPX and the rest of the watchlist.
Additionally, the SmartScreener results have been updated. Last week, AA, PANW, QCOM, DELL were flagged among the overextended stocks at risk of declining (all of them declined), while MCD and ABT were identified as overextended bears poised for a potential bounce (printed significant weekly bounces). All the results include the Weekly and Monthly levels to apply the same risk and targets criteria.
Let’s get ready for the week.
Have a good night everyone.
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The content provided on SmartReveals.com is for educational and informational purposes only. All analyses, research, commentary, and other materials are intended to help users understand financial markets and are based on my own investment journal, investment concepts, and company fundamentals. Investing involves risk, including loss of principal, and past performance may not be indicative of future results. This content does not constitute investment or any type of advice. The support and resistance levels are modeled references to manage risk and anticipate potential reversals, each investor must assess their own risk tolerance to set stops.