S/R Levels - June 24th - 28th

Plan ahead your trades for SPX SPY NDX QQQ DJI IWM NVDA TSLA AAPL GOOG DAX GDX ES=F NQ=F and more.

The week closed with potential reversal setups on some charts. Use these levels for effective risk management, especially considering most technical indicators are overheated for major indexes and mega-cap stocks.

Seasonality suggests a potential decline next week, breadth (stock participation) in the recent rally has been low, and historically, most splits have been followed by a short-lived decline in the two-percentage-point range.

Trading Compass - Spoiler Alert:

The following chart will be part of this weekend’s trading compass, worth watching the shooting star validated by huge volume, and above the Bollinger Band. Short lived or not, it suggests a top is in:

Weekly Levels