Markets just gapped down overnight! Combine that with *stacked ranges* on the tick charts, and this Slingshot Reversal could be our easiest win of the week!
Commenting on Nvidia’s disclosure, Wedbush analyst Daniel Ives said, “The financial impact is small relatively, but the strategic blow is the focus of the market."
Retail traders bet big on tech rebound as Nasdaq 100 sees inflows of $4.44B & TQQQ becomes top choice for dip-buying. History shows 477% gains possible.
Wall Street gained ground by midday trading on Tuesday, as investor concerns over the economic impact of trade tensions continued to ease following recent signs that the Trump administration was taking a more conciliatory approach.
UBS noted that its proprietary viewership tracker shows a rebound in consumption following a slowdown linked to Netflix’s paid-sharing crackdown and delayed content releases.
The S&P 500 ended Monday on a rather ominous note, forming what is known as a technical 'Death Cross,' a chart pattern that is often seen as an indicator of a transition from a bull market to a bear market.
Trading direction will largely hinge on any news on tariffs, bond yields, a regional manufacturing activity report for April, and commentary from companies due to report earnings before the market opens.
Are you seeing these “stacked” ranges? Anytime ranges “stack” on top of each other, we know reversals are likely where the money’s made the following day!
Wall Street pared early morning gains by midday Monday, as investor caution returned despite a temporary easing in U.S.-China trade tensions. While the initial market reaction was positive, especially in tech, enthusiasm faded as the trading session progressed.
