The Weekly Compass posted last Saturday analyzed Friday’s massive daily volume for the Magnificent Seven. Considering that daily timeframes were close to oversold conditions, a bounce was possible. As promised, I will use this daily note to assess the recent move.
Beyond the Magnificent Seven, the Weekly Compass highlighted the relevance of 7,347 as a central daily level for the SPX, in addition to the central weekly level mentioned below.
Let’s go straight to the point and assess the SPX, the Magnificent Seven (NVDA, AMZN, TSLA, MSFT, AAPL, MSFT, META, and GOOG), and the implications for QQQ. Unlock the analysis and the Weekly Compass by upgrading to paid subscription.