Technical analysis patterns such as left shoulder/right shoulder formations, inverse head and shoulders, double bottoms, and cup and handle patterns can help traders identify potential market reversals and breakouts, with key support and resistance levels serving as critical decision points for trading strategies.
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🚨 TESLA STOCK MAY EXPLODE VERY SOON! TSLA, SPY, QQQ, ES, NQ, NVDA, AAPL, META BTC!Hinzugefügt:
What's up, guys? This is Ray J back with another video. And in this one, I want to break down what's happening with SPY, Tesla, and the overall markets. I'm going to talk about some key levels to watch for as time goes on, why the market's holding up quite nicely.
Looking at the current setups given Jerome Pal's current speech and Q&A session. Just know that I am not a financial planner. Take nothing I'm saying as financial advice. Jerome Pal is speaking right now. He's um answering lots of questions and once he finishes we actually have Microsoft, Amazon, Meta, and Alphabet all announcing their earnings. This could cause a big move for the markets. I am optimistic. I am optimistic. I think that we're looking quite solid on Tesla and for the markets and spying the QQQ are holding up very well right now. So when I look at Tesla, this looks like a very clearcut left shoulder ahead and then a right shoulders forming like right here. As long as we don't lose this low, we could look for an attempt to push towards the 380s and that could lead to a big breakout for the 390s or above. Do you guys see this setup? It's looking quite good. I think we're holding up quite nicely in my opinion on the 4hour time frame. Um, we're looking quite good as well. The 4 hour is looking more bullish. I think there's a good chance we also try to bounce. Looking at this inverse head and shoulders. Could be looking for a push back up towards that 377 area. If that breaks, we could be looking for 387. I like the setup on Tesla. I like the fact that we're holding up well. And I think that there is potential for us to continue this push. We could try to continue this push for 377 or above. We might try to continue to squeeze. On top of this for SPY, we're looking a bit more bullish as well. Looking for an attempt for 7-Eleven or above. I think that SPY could continue to squeeze because we're forming a double bottom and a bullish divergence. And we could be looking for a big breakout heading into tomorrow.
The QQQ looks especially bullish with a nice cup and handle forming. As long as we don't end up losing 658, we could kind of dip here and continue to bounce.
I think there's a good chance we continue to squeeze to fill this gap at 665 plus and we're going to be looking for a nice push very soon. The Russell's holding up nicely, starting to curl, looking for 272. ES is holding up well, looking for a push for 7160. And ENQ is looking for a push as well back up towards the highs over here. It's holding up nicely, establishing a higher low compared to this low. And it could continue to push. Bitcoin is trying to bounce a bit, looking for 76,000.
Tesla's getting bought back up. Like I said, a left shoulder, head and right shoulder. Looking for a push for 377 and the 380s. And eventually, we could be looking for a squeeze back up towards the 390s. I see potential in Tesla in the upcoming week. Um, for Nvidia, we're looking for a push for 210 or above. Um, it's holding up well. We'll see how big tech earnings affects this, if this causes a dump or not. This head and shoulders could be a trap. So, we'll see. I like to be very unbiased with things like that. Palance here, if it breaks 138, we're looking for 140. On AMT, we're looking more bullish. We're going to be favoring a push back up towards that 345 area.
On Coinbase, we're going to be favoring 183. Tesla's looking for a push back up towards the highs at 265. Meta's also looking a little bit more bullish with this inverse head and shoulders. Of course, it depends on earnings, but this may attempt to continue to squeeze.
Google's holding up well above 347, looking for a push towards the 350s, and Microsoft is looking for a push towards 430 or above. We're going to see if the VIX gets a rejection. So, I'm once again very unbiased. We could go either way, but I do like the setups and spine the QQQ and I think they have more potential for upside. And Tesla stock, we're establishing a higher low and we have an inverse and shoulder setup which could lead to a big breakout in the upcoming days. Just wanted to put that out there.
We could be looking for some positive price action after big tech earnings.
Um, so we'll see how it goes. The market is holding up well. There's only one hour left of the day, less than an hour if anything. We'll see if this continues. Anyways, that's it for this one.
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