S / R Levels Aug 12th - 16th

The market started the week at crash mode, SPX reached the 3rd support layer and bounced. Plan ahead your trades for U.S. indexes, Futures, GDX, The Tech mega caps and more!

The Power of Support Levels: Navigating Market Volatility

Anticipating a rebound, I published a special edition on Sunday evening due to the extreme oversold conditions evident in ES futures relative to these support/resistance levels.

Similarly, on Monday, the SPX reached its third support layer before rebounding. The NDX found support at its second monthly level, while AAPL bounced from its second monthly support at $198. NVDA found support at the second weekly line.

These support levels serve as a framework for chart analysis. Incorporating them enhances chart interpretation and decision-making by providing clear reference points.

If you trade some of these securities, it’s good idea to subscribe, they’re all included:

SPX, NDX, DJI, SPY, QQQ, IWM, ES_F, NQ_F, NVDA, META, MSFT, AMZN, GOOG, AAPL, TSLA, GDX, SILV, OIL, Bitcoin and Ethereum.

Weekly and Monthly S/R Levels: