Weekly Recap and Special Announcement

Bullish Momentum is On - Pullback Postponed?

Since the month of April I have mentioned that timing pullbacks at this stage of the market is challenging, and today’s price action was a good example of that. My expectation for a pullback is for a mild move as documented to premium subscribers.

Price action closed right at $6,028.2, the first bullish target for the SPX considered last Saturday, keep watching the levels, since the multiple economical events this week can weigh more than the geopolitical conflict.

The Recap That is Key for You to Read:

Here are the key takeaways, this content alone is worth the paid subscription, there is no book in the market with updated charts and technicals explained for the current environment (click in each link for access the publication):

The Weekly Compass: As a reminder, the weekly setup is invalidated after the full week's candle closes. Since today is just Monday, the analysis remains in play, and very short term caution is key, keep the support levels on watch.

• Double Shooting Star - Pullback in the Making?

Market Research Studies - My Bullish Outlook: Even with the potential for a short term pullback, my view is that the market has further upside. This is documented in a series of publications that compare current price action with similar historical indicators, offering unique insights.

• A Study of Bounces Across Six Major Market Corrections (April 9th)

• First Rare Bullish Signal (April 16th)

• Second Rare Bullish Signal (April 26th)

• The Gap Dilemma: How Soon Will They Fill? (May 28th)

• Third Bullish Signal - How Long Do Market Rallies Last Afterwards? (June 11th)

• Additional Study to assess the third bullish signal (June 18th)

Support & Resistance Levels: The latest two publications offered educational content on using these levels, which are updated every Friday for over 40 securities.

• How to Use S/R Levels? - Combining Timeframes

• How to Use S/R Levels? - Using Price Action

Upgrade your subscription and get access to all the content, and if you’re a new premium subscriber, the publications mentioned allow you to catch up.

Special Announcement: The Summer Camp Season

For the next four weeks, until July 19th, I’m launching a special event. I will model the support and resistance levels for 5 additional securities not on the regular list. These five "rotating slots" will be filled by stocks chosen by you—our subscribers (both free and paid).

To vote, simply comment below this publication with the ticker symbols you're interested in. I will select the five most-requested stocks each week. If a stock is popular enough to get voted in every week, that's perfectly fine!

If you don’t have the app, send me your tickers:

The S/R levels will be posted in the paid subscribers chat tomorrow evening, so comment in this post today!

Have a good rest of the day everyone.

Upgrade your subscription to www.smartreversals.com and get access to all the premium content available in each library: Weekly Compass - Support/Resistance Levels - Fundamental & Macro analysis - Educational Library.

All the content published has educational purposes and it is not intended to be investment advice.