S / R Levels - Jan 13 - 17
The bearish warnings from December 14th are proving accurate, with these levels continuing to define price action every week.
It was mentioned in the previous Weekly Compass: With bounce or without bounce next week, the monthly signals suggest that $5,776 is on the horizon for the S&P500.
A potential bounce, anticipated last weekend, occurred on Monday, creating a gap that was quickly filled before the sell-off resumed, falling just 31 points short of my target so far and the move does not seem complete. This target was determined using a combination of technical indicators and support/resistance levels for this week.
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Wednesdays: You'll receive either a macroeconomic or fundamental study.
Macroeconomic Studies: These provide context on the current economic climate, analyzing sectors and international indices. Recent examples include analyses of the Sahm Rule, yield curve un-inversion, and the employment rate, framing the current market situation. Get access to the latest Macro analysis, after this one, a similar study was posted last Wednesday, examining setups for all 11 sectors, suggesting the sector rotation the market is experiencing.
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So the Macro and Fundamental Landscape provide context for the market in general and to specific stocks.
Fridays: Support and resistance (S/R) levels are published for 35 securities. These seven key levels, shared in advance for the week ahead, cover SPX, NDX, DJI, SPY, QQQ, IWM, DIA, SMH, the Magnificent 7, NFLX, AMZN, COST, PLTR, MSTR, GLD, SLV, leveraged long and inverse ETFs (TQQQ, SQQQ, UPRO, SPXS), Bitcoin, and Ethereum. Over the past 10 months, this premium service has helped investors and traders from 136 countries by providing S/R levels that effectively encompass price action. The central level is a key validator of the bullish or bearish setups analyzed on Saturdays. The following is the latest guide of how to use Support and Resistance Levels.
Saturdays: The Weekly Compass is a comprehensive newsletter featuring over 20 charts analyzed with clear definitions of bullish or bearish setups based on technical indicators. It covers SPX, NDX, DJI, IWM, SMH, PLTR, the Magnificent 7, commodities, Bitcoin, bonds, the USD, and other relevant contextual charts. Each setup is explained in detail, using the most relevant indicators, and includes specific price targets based on S/R levels. The latest Weekly Compass summarizes very well how the targets are managed in its introduction for everyone.
Therefore, investors and traders can use the Weekly Compass to understand the overall market sentiment and identify securities exhibiting bullish or bearish trends for potential investment. The S/R levels facilitate risk management, allowing users to set appropriate stops based on their individual risk tolerance, those levels are mentioned in the Weekly Compass enhancing the analysis. The macroeconomic studies provide broader market context. And if a stock like AMZN, NVDA, or PLTR displays a bullish or bearish setup, the fundamental analysis library on the site offers further research resources.
You don't need to track all 20+ securities to benefit from this resource. Focus on the ones you care about, while keeping an eye on the rest. Imagine this: You're primarily watching the SPX, NDX, and GLD. Then, in September and October, you spot bullish setups forming for Bitcoin and TSLA, respectively. You decide to jump in. Fast forward to our December 14th edition, and you see the signals to take profits—a move that would have significantly boosted your returns. That's the power of staying informed using the SmartReversals publications.
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