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$BABA Golden Cross on weekly! 50/200 MA crossover targeting 131 by Gann pressure date Jun 15-18!
I want to see more volume and strength to push this baby up.
$AAPL A clear falling wedge pattern previously formed and has now broken to the upside, which is typically bullish.
While the setup is bullish, there's still overhead resistance and a broader downtrend since late 2024. A failed breakout or rejection at ~$202–$205 could invalidate the move. Watch the volume and price action closely near those zones.
They were selling $HOOD AND $GOOGL to buy $BULL 🤣
Now they are doing the opposite.
$574–$576 $SPY zone is a major supply wall.
If SPY stalls or wicks hard in this zone and fails to close above ~$576
My blue scenario toward 535.29 (0.382 fib) becomes likely.
Watch for intraday false breakouts....bull traps are common near supply peaks.
On the flip side, a clean break and hold above 576–579 turns the structure short-term bullish again toward 590–600.
Bearish
$SPX May is pivotal here.
🟢 Bullish Case: Breakout
Weekly reclaim above 5,637 (1.618 fib) and holding above that zone = breakout continuation.
Targets: 5,880 (JPM collar short calls) and then possible stretch toward 6,100+.
Momentum candles are strong off the lows, and volume is backing the move.
🔴 Bearish Case: Right Shoulder Forming
Current price aligns with potential right shoulder of a broader H&S.
If price gets rejected near 5,700 and rolls over ? neckline is around 5,180–5,200.
Breakdown below there would confirm the pattern with measured move ~4,800.
SELL IN MAY GO AWAY?
Weekly close above 5,700 = likely invalidates H&S ? continuation higher.
Rejection + bearish reversal this month = high probability right shoulder + short setup.
Keep watching weekly structure and macro catalysts — breakout vs H&S rejection should be clearer by May 17–24 window.
$IONQ just cleanly broke the downtrend line on both the daily and weekly charts.
🔍 What to Watch Next
Above 32 ? opens room to:
36.33 (0.5 fib)
40.68 (0.618)
46.88 (0.786)
A minor pullback to the 28–30 zone could offer a great entry if it forms a higher low.
Bullish Trigger Setup
Retest and hold of that 30–31 zone = ideal long entry with stop just below trendline.
Volume spike on continuation = confirmation for targeting 36/41 next.
$UBER: breakout with retest setup
Weekly candle is strong and above the 1.0 fib (86.49) — bullish momentum with volume.
Daily broke above prior highs around 82–83 with follow-through.
A healthy pullback to retest the 80–82 zone (prior resistance turned support) is a textbook move.
🎯 Bullish Target Path (after retest confirmation):
86.49 ? retest done
Next:
93.88 (1.272)
97.73 (1.414)
103.27 (1.618)
113.65 (wave 2 fib extension)
💡 If price holds 80–82 on retest with a bullish candle (like a hammer or engulfing), that’s your signal to go long with strong RR targeting those extension levels.
TIME FOR WEEKLY MARKET UPDATES:
$AVGO now that it has tagged my resistance target.
Here’s what to watch next:
🔻Bearish Rejection Confirmation Setup:
Look for daily or 4H reversal candle (e.g., shooting star, bearish engulfing, evening star)
Confirm rejection below 202.50–203.00 zone (trendline + weekly fib cluster)
Volume spike + close below previous highs = 🔥confirmation
If Rejected, My short setup targets:
193.36
184.58
178.45 or 152.11
Risk: invalidation above 208–210, where prior breakdown started and structure breaks