Shallow Moves for Indices During the Week
S / R Levels for July 21st - 25th - Indices, Crypto, ETFs, and Stocks.
In a week defined by a tense battle between bullish momentum and bearish sentiment, the stock market ultimately finished flat, closing out a week of healthy but exhausting consolidation. After setting a pullback on Tuesday from the anticipated $6,299 level, the S&P 500 fell directly to the bearish zone $6,210, also anticipated last Friday. This is a perfect example in how the S/R levels published act as a frame of the future price action.
The bounce recovered $6,250, which was the central weekly level, and the price managed to close again at the bullish weekly edge, not before nearing the alternative bullish target $6,326 (the top was $6,326).
Since consolidation weeks are choppy, as we have studied in previous publications, I posted a special educational content considering shorter timeframes: 15 minutes, 30 minutes, 1 hour, and the usual 2H and 4H ones. That publication presented the combination of Support and Resistance levels with other independent indicators, seven cases were posted including TSLA, SPX, QQQ, NVDA, AAPL, DIA, and AMZN.
Get access to the content here, it also includes technical explanations on how the Bollinger bands, RSI, Stochastic and candlesticks work combined with the S/R levels to increase the probability of success:
That special edition is the best prequel for the content coming this Wednesday, which will be focused on Options, completing the presentation of investment instruments in the market posted last week.
That trifecta entails the best guide for scalpers in one side, and for analysis of choppy weeks for swing traders are investors.
I like to teach, and I have to say this one more time: These educational publications alone are worth the subscription; they’re much better than an outdated book.
Support and Resistance Levels for Next Week
This publication consistently analyzes the following securities to provide a broad market perspective and empower your trading decisions:
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, UNH, AVGO, COST, PFE, PLTR, NFLX
Crypto & Related: Bitcoin, ETH, IBIT, MSTR
Leveraged ETFs: TQQQ, SQQQ, UDOW, SDOW, UPRO, SPXS, URTY, SRTY
For guidance on how to use these levels are available to everyone for now in the three publications linked below:
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WEEKLY LEVELS
It will be interesting, the Dow Jones is weak and the big indices are still in momentum mode with narrow levels, so the floor is getting “slippery”.