SoFi is losing support at 16.80s, forming a bearish pivot point, with the next technical support level at 8.60, though 12 is considered more realistic.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / MU / SOFI
The creator provides a technical analysis of several stocks and indices, noting a general market downturn. They express bearish sentiment on SPY and QQQ due to bearish chart patterns and a lack of bullish reactions. For individual stocks like Nvidia, Tesla, AMD, Palantir, Micron, and SOFI, the creator highlights their vulnerability to broad market sentiment and technical breakdowns, generally advising caution or staying on the sidelines due to bearish technicals and a lack of clear buy signals, while also mentioning potential for money rotation into other sectors.
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Tickers discussed in this post
Micron is collapsing nearly 10%, reversing its uptrend and breaking below support at 363, with the next technical support at 260.
Palantir is making a double top on the daily chart, losing support at 140s, and is expected to retest 128.
Tesla is in a technical bear market with lower highs and lows below the 21-day EMA, approaching support at 355, but the creator prefers to stay on the sidelines.
Nvidia is vulnerable to the broad market and is approaching a major support level at 165, with a head and shoulders pattern suggesting further downside.
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