Micron is losing its 364 support level, and while a strong reaction above this level could signal a bottom, failure to do so may lead to a pullback to the 260s.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / MU
The creator provides a bearish technical analysis of the market, focusing on SPY and QQQ, and discusses individual stocks like NVDA, TSLA, AMD, PLTR, and MU. The overall sentiment is cautious to bearish, with a strong emphasis on waiting for clear technical signals before making any trades. The creator highlights key support and resistance levels for each instrument and stresses the importance of risk management and reactive trading.
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Tickers discussed in this post
Palantir is closing below the 148 support level, indicating a critical moment, and may seek lower levels like 140s or 128 if the support is not regained tomorrow.
Tesla has triggered a top signal with a shooting star candle and is expected to retest support levels around 367 and potentially 357, but the risk-reward ratio is not ideal for shorting currently.
Nvidia is closing below the 177 support level after a shooting star candle, and is approaching the 169 support, but is not considered a tradable stock right now due to lack of clear signals.
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