SPX Analysis by @harmynder

Total Quality
Score
6243.1
6290.0000000000
6230
SPX
1H
Free
Analysis Predict Bear Market
stock
Technical
The video provides a technical analysis of the stock and crypto markets, following the release of CPI data. It recommends taking profits as the Nasdaq and S&P 500 are nearing overbought territory, but says that Bitcoin is in a buy zone around $117,000 and expects a pullback in Nasdaq, anticipating profit-taking at market open. Bitcoin futures show a nine count sell signal, suggesting a possible gap fill around $114,000, with potential support at $97,000 or $91,000. Ethereum futures exhibit an eight count sell signal, targeting a gap fill around $2,841. For S&P 500 looking for a pullback towards multiple gap fills at 6230, 6091, and 6020. The analysis identifies gaps for SPY at 620, 606 and 600. Tesla is facing multiple EMA lines with an indecision candle and could come back to fill the gap on 315. Apple is getting rejected, still weak, no gaps to the downside, wait for a break out. Nvidia is also a strong sell candidate at 160 as well as AMD. Also looking for long opportunity on Canadian oil minor, while the US Oil just consolidating. Looking at bonds, wants to go long at 84, and suggests VIX will indicate the market trend.
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