In last Saturday's Weekly Compass, I anticipated a high probability of a bearish reversal in the SPX and a decline in the Dow Jones ETF (DIA), alongside bullish moves for SPCX, AVGO, and AMD, plus a spike in VXX. Today, those setups played out as expected: SPX (-0.58%), DIA (-1.1% reaching $528 🎯), SPCX (+3.7% to $154.1 🎯), AVGO (+2.9% touching 372.9 🎯), AMD (+5.9% crossing $503 as bullish target 🎯), and VXX (+1.5% 🎯).
The market is highly dynamic, being bearish on the SPX doesn’t mean that every single ticker in the stock market will fall, every ticker follows its own setup, providing both bullish and bearish opportunities, and that neutrality is what I analyze having a watchlist with indices, futures, megacaps, and high volume ETFs that cover different sectors. Today, we will review the Setups Blueprint that is published each Saturday and do a recap on how to best utilize it, including the price levels modeled in advance every Friday for the week ahead, and used to set targets, as the ones mentioned above.
It’s just Monday and five of the high probability setups are playing out reaching weekly targets, the Weekly Compass is here:
When you subscribe to the paid plan, you unlock all the content at SmartReversals.com, including the setups blueprint and the support and resistance levels for the week in play, all the market intelligence and educational library that includes special technical studies and fundamental analyses. The Market Intelligence has my two ebooks on Technical Analysis available for paid subscribers.
Today’s Agenda:
How to use the Setups Blueprint
Tracking our Watchlist
Daily SPX and ES=F Levels for tomorrow
Let’s begin.
Setups Blueprint: All the regular watchlist in one dashboard with price targets and invalidation levels
The Weekly Compass provide the technical context for the SPX and the market in general by analyzing breadth, volatility, momentum indicators and reversal risks. Within that core publication, there is a section named the Setups Blueprint, where you can find the condition for each ticker (bullish or bearish), price targets, invalidation levels, and the risk/reward ratio.
Here is the Setups Blueprint for this week, where the decline in the SPX🎯 and DIA🎯 was anticipated, along with the bullish moves for AVGO🎯, SPCX🎯, AMD🎯, and VXX🎯: