NOW is near a support level and has filled a gap, but a buy signal is not yet present; the creator is waiting on the sidelines for a clear bottom signal, such as a bullish candle closing above today's high.
Source Post
Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / IREN / NOW
Jun 9, 2026
The creator analyzes the current market trend, noting that SPY and QQQ are showing bearish signals with lower highs and lows, and are below key moving averages. While there's a support level at 731 for SPY, a true bullish reversal requires closing above the 21-day EMA and breaking resistance levels. Failure to do so could lead to further pullbacks towards the 700s. QQQ is also facing resistance at 722 and bouncing off support at 696.
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Irring is currently below the 21-day MA, indicating a bearish short-term outlook, but a close above the current candle's high could signal a bullish reaction and a rally to higher levels.
Iovance Biotherapeutics is near a support level, with overall bullishness but potential for further correction.
Palantir is listed as a high beta stock that is expected to suffer significantly if the broader market experiences a collapse.
AMD is mentioned as a high beta stock that will likely suffer if the broad market collapses, with no specific technical analysis provided.
Tesla is showing some hope with a close above 393, but needs a meaningful breakout above the 413 and 21-day EMA to trigger a new rally, otherwise it risks retesting lower levels like 364.
Nvidia is showing a nice bullish reaction with a large shadow below the candle's body, but remains below the 21-day MA and failed to close above 208, indicating a need for a breakout of resistance levels for a true bottom signal.
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