Service Now is behaving as predicted, approaching support and the 21-day MA, but it's not a buy right now; a pullback is needed for a better risk-reward ratio.
Source Post
Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / MSFT / NOW
Jun 4, 2026
The creator discusses the current market correction, noting that both SPY and QQQ are losing momentum and showing bearish short-term technicals despite some intraday recovery. They emphasize waiting for pullbacks to support levels for potential buying opportunities, stressing a reactive rather than predictive trading approach.
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Tickers discussed in this post
Microsoft is near a triple support level, but the creator prefers to wait for a clear bullish candle above 431 before considering a buy.
Palantir is approaching a support level (21-day EMA area), and any bullish reaction could present a buying signal according to the creator's strategy.
AMD is currently holding above a key double support level, but a break below could lead to a significant 30-40% correction, though pullbacks to the $300s could be buying opportunities.
Tesla is losing momentum near support and could see a sharper correction if it breaks below the 413 level, with a potential top signal on the weekly chart.
Nvidia is near a double support level and showing a potential bottom signal, but requires technical confirmation for a sustained rally.
Linked Signals
Tracked calls opened from this post
TSLAsell opened Jun 4, 2026
+2.87%