Technical Analysis of Stocks: SPX / QQQ / NVDA / TSLA / AMD / PLTR / NOW / MU

[00:00:00] Speaker 1: Okay, so today we see the stock market going up and the timing of this reaction could not be better because we are reacting above critical support levels. And then we see many stocks flying as well, trying to make bottom signals today. So let's see what's going on right now, how to proceed, what kind of strategies to use in a moment like this. My name is Nathan, welcome to the Finance Hydra channel. We are here talking about technical analysis every single day, identifying the best opportunities using the technique. Without any emotions, stress, anxiety, or fear, we only focus on the technical evidence to support our decision-making process. Welcome to the Finance Hydra channel. So as far as I know, today we see the SPY going up nicely. It is breaking a double resistance level made by the 739 and the 21-day EMA. And that's a very good signal. If we take a look at the one-hour chart, we are also breaking the 21-hour EMA and we are making an upwards breakout of this congestion, which again has a clear resistance level at 739. So by breaking this key point, we are reinforcing the bullish momentum short-term-wise, trying to maintain the bullish bias on the daily chart as well. Now, this reaction is extremely important because we are right above a technical support level made by the 731, the 725 area. So this reaction is not surprising at all, but it is a very meaningful signal because maybe the SPY will reject the idea of a head and shoulders chart pattern, which was almost materialized last week. Of course, there is still time to materialize it. However, we are trying to react, we are trying to frustrate this signal. And if you ask me, we see many other stocks looking quite promising precisely because they are also reacting above their own support levels. But before we talk about that, let's take a look at the QQQ, which is also reacting. It is breaking a double resistance level made by the 21-day EMA, made by the 720 on the one-hour chart. We are trying to make a kind of double bottom chart pattern, right? Breaking the 21-hour EMA, breaking the 720 key resistance level. So that's a very good signal as well. By maintaining the price above this double key point, above this double support level, the QQQ is supposed to retest higher levels, to seek higher levels. We see the ultimate high as a technical target. However, guys, if we see any other bearish reaction, if we see the QQQ collapsing from here, losing momentum, closing below the 720s again, that's going to be a very problematic signal, reinforcing the idea of another pullback to the 696, which in turn is the neckline of this heading-shoulders chart pattern. It is the trigger point for a major medium-term reversal that could make the QQQ collapse to lower levels, like the 21-weekly moving average, or even the 637 again. So, we gotta be extremely careful, because it all depends on how we are going to react from here. If we maintain the price above the 720 tomorrow and in the next few days, great, fantastic. If we fail, we know, we may see a sharper correction ahead. Similarly, the SPY needs to maintain the price above the 739, because if we lose it, we may see the SPY making another loss of this 21-hour EMA, rejecting the short-term bullish bias, reinforcing the idea of another pullback to the 725, and in turn, this key point is also the neckline of this heading-shoulders chart pattern. Therefore, we gotta be extremely careful. Let's see how the SPY will behave near the 739 in the next couple of days. If we maintain the price above it, great. It is not going to be a false breakout. It is not gonna be another bull trap. That's not just another dead cat bounce. However, if we fail, we know. We may see a much sharper correction ahead. Now, we have NVIDIA. This one looks promising. Actually, it looks very promising. We see a nice reaction above a gap support level. The 189 is our first gap level. It is a technical support. I know we failed to close this support level today, because today's high was 180. I'm so sorry. Today's low was at 189.80, and this gap is at 189.66. So, okay, we could not close this gap. Actually, close this gap. But, guys, we were almost there today. What's more, today we see bullish candle, which in turn is a hammer candle pattern, by the way. I do teach you guys how to trade the most important candle patterns and chart structures in our Technical Analysis Masterclass, which is available here on our YouTube channel totally for free. Okay, take a look over there. I teach you guys the most important patterns that could bring reversals, continuations, and, of course, I teach you guys how to trade every single one of them. So, take a look over there. All right? It's right here on our YouTube channel. Okay? Now, guys, nice reaction above a support level. As far as I know, NVIDIA could bounce. If we see NVIDIA bouncing, we have a few resistance levels over here, namely the 21 DMA. we have this gap at 207. And, of course, we have a technical resistance level at 212.71. Any bearish reaction near this key resistance level over here could bring another pullback ahead, could be just another dead cat bounce before another collapse to the 178, to close our next gap down here at 178. As far as we see NVIDIA making bullish reactions above our support levels, great. To me, we are going to possibly bounce from here. However, if we fail, and, of course, if we see the loss of this 189 again, it's over. Okay? It's simply over. We are going to possibly correct too much lower levels, bringing a sharper reversal on the weekly chart as well. See, on the weekly chart, we are still very bullish. We see a huge sequence of higher highs, higher lows, above the 21 weekly moving average, right? So, by losing the support level, I see NVIDIA collapsing to much lower levels on a weekly basis. Any pullback over here, any sharper correction over here, could last many, many weeks, because NVIDIA is now technically bearish on the daily chart. So, you got to be careful with that. On the daily chart, we see a sequence of lower highs, lower lows already. So, we got to see a meaningful reaction as soon as possible, preferably on the weekly chart as well, making a bullish candle, closing above the 200s, above the 21 weekly moving average. And then, we may see a technical bottom signal on the weekly chart, above a technical support level. That would be fantastic. That would be a very powerful signal that, yes, NVIDIA could easily recover and seek higher levels. But for now, we still need to wait for a better reaction. We are still looking quite weak, okay? There is no clear, meaningful movement right now. So, once again, let's wait for more confirmation. Only one single bullish candle is never enough to make us believe that we're gonna see a bottom, etc. because bottom signals, top signals, they take at least two candles to materialize. Ideally, they will take even more. However, at least two candles. Right now, we see our first bullish reaction. We'll see tomorrow if this one is going to actually fly from here. Of course, I'll be here tomorrow as well because remember guys, we are here in this channel every single day talking about the most important inflection points on every single one of our stocks. Therefore, subscribe and click on the like button to support me as well. Your support means a lot. And then, follow me on Instagram as well at The Finance Hydra. There, I'm gonna keep you guys updated on what's going on here in Brazil in my daily life because yes, I am Brazilian by the way. So, take a look over there. I'm posting new content over there as well. I'm always answering your questions today. Today, I'm going to open a new question box so you can ask me anything over there. Ask me anything. Sometimes, people ask me to analyze many stocks. Guys, ask me there, okay? Because I can't analyze all of your stocks here on our YouTube channel, okay? I simply can't, okay? So, once again, follow me on Instagram and then talk to me, okay? Talk to me. Ask me anything. See you there, my friends. Now, we have Tesla. This one is going up 8.46% today making a massive bullish candle breaking. two critical resistance levels. The first one was the 3.80%, which I did warn you guys last week. We got to see Tesla breaking above this key point to make a real meaningful signal. Well, now we are breaking it and we are breaking the 21-day EMA as well. And then, we are roughly retesting the 4.13%, which again, I told you guys last week, it is our technical target and it is a technical resistance level for Tesla. so this movement, although it is a little crazy, a little massive over here, a little massive, well, it is a technically plausible and totally, totally resonates with what we have been describing over here, okay? This movement is technically perfect. It is obeying our technical analysis to the latter. Now, if you ask me, since we are reaching a technical resistance level, now is the moment to see Tesla making a pullback short-term-wise. What does that mean, Nathan, on the one-hour chart? If we see a pullback on the one-hour chart back to our 21-hour EMA, that's going to be totally perfect, understandable, plausible, a reason to possibly buy instead of a reason to panic, okay? No, we never panic when we see pullbacks. We use pullbacks to our advantage because we are trend trackers. Of course, guys, this is all according to my strategy, to my philosophy. As a swing trader, I am a trend tracker. With trend tracker, I mean, I like to follow the trend. Therefore, when I see pullbacks, when we are bullish and we see pullbacks approaching our support levels, okay, to me, that's a moment to buy. Most people, they panic, they believe you're going to reverse, etc. Most people don't understand the difference between pullbacks and reversals. They can't tell the difference because they panic when they see the market collapsing, dropping, etc. Any drop is a reason for them to panic, to be stressed about it. We are never stressed about the market. We only use our pullbacks to our advantage because we know very well how to mitigate our losses and maximize our profits the best way we can. And I can tell you the best place to buy is always near support levels because the risk-reward ratio is optimized near these key points. And by the way, guys, if you have any questions, know that you can actually trade with us. Join our Telegram channel. There, you will have access in real time. You have access to our signals, strategies, analysis, firsthand. Every single detail is there. We're going to literally trade together. I'm going to always describe the entry point, the stop loss, the target for every single trade we take together. So you're going to learn once and for all how to trade professionally, not emotionally, not in an amateur way. You are going to trade using technique, strategy, statistics to your advantage. So join our Telegram channel. The link to my website is in this video's description. Totally free to try because I am certain that you are going to receive amazing, valuable information over there. That's the only reason why we offer a free trial because we know we can handle it. We know that we can honor your trust. So once again, join our Telegram channel. Link is in this video's description. Now, we have AMD. This one is reacting above our support level, which once again, it feels like I am being annoying, okay, but trust me, it is precisely what's happening. I have been telling you guys over the past few days, guys, we are inside the congestion on the one hour chart. The key support level is 507. The key resistance level is 546. Every single time we reach the 507, we find a support level. Every single time we reach the 456, we reach, we find a top level over here. So guys, today, what we see today is another movement which is reinforcing our previous idea that we have been describing over the past many days in this channel. Every single day, we are here to keep you guys updated, so as far as I know, nothing has changed on AMD yet. By reacting above the 507, which by the way, is near the 21-day MA, AMD increases the odds of another rally. But for that, there is no escape. We have to wait for the breakout of the 546. Nathan, if we break the 546, would you buy AMD over here? Well, not necessarily, because on the weekly chart to me, we are too far away from the weekly moving average. I prefer to focus on other stocks now. This is me, according to my strategy. I don't like to buy stocks that are too far away from their weekly moving averages as well. I always prefer to see better pullback, a sharper correction, and then we'll see. It is pretty much like on AMD as well, because I gave you guys two calls to buy AMD on our Telegram channel down here, near the weekly moving average, dancing around the daily moving average. We bought over here, near the 200s. now above the 500s is a little bit too late. But if I see another major congestion like we had over here, then I would be very, very happy. Extremely happy because that could be a real opportunity to buy AMD again at a better price, at a cheaper price. But for now, guys, I do not see any clear new signals, so I would prefer to wait for a better opportunity. The moment to buy was here with us. near the 200s. Now, it's going up too much, too fast. And then, of course, for swing trading purposes, according to my style. Maybe you disagree, maybe you have another strategy, but I prefer to buy at 200s instead of 500s. Now, Palantir, this one is going up nicely because it is reacting above another support level. The 105 was a clear support level from May 2025. Apparently, it is going to work again. Last week, we saw a bottom signal, which I did warn you guys about it here on this channel, by the way. Now, if you ask me, we are bouncing again. I know today's candle is bearish, but at least we are going up 2.5% roughly, so if you ask me, Palantir has everything to fly again to retest our next major triple resistance level, made by 125, made by 21 DMA, made by 128. So, this triple key point over here is going to be Palantir's nemesis from now on. If we see any top signal, any bearish reaction below this key point, it is going to be extremely problematic. Palantir may easily collapse to even lower levels if we see that happening. It is going to lose momentum, it is going to ruin any bullish perspective. If we break it, if we see, for instance, a higher high, higher low, that's going to be perfect, that's going to be one of the best bullish reversal structures of the year, if you ask me, if that happens. But we don't know yet. Trading is reactive, not predictive, so we can't possibly tell, so either way, we have to wait a little bit more. Maybe this bounce will be true recovery or just another dead cat bounce. Well, according to my style, Palantir is not giving us any clear signal right now. I see many other stocks looking way better than Palantir, AMD, Tesla, I see many other stocks looking way better. And again, you can trade with me, join our Telegram channel, link is in this video's description. But for now, I prefer to wait, simply wait. We always can find many other opportunities and we did buy many stocks, many stocks while the market was going down over here. We nailed many bottom signals recently. So guys, if you know how to trade, if you know which stocks to buy at the right moment, you can become a consistently profitable trader. Of course, if you know how to use the right risk management on every single one of your trades, okay? So guys, that's what I teach you, okay? So join our Telegram channel for more information. Link in the video's description. Now, we have service now, you guys always ask me to analyze it. Guys, this one is making what Palantir could do next. We saw a very nice bounce over here, retesting a technical resistance level, which in this case is the 21-day EMA. And today we see bearish candle. Ah, but Nathan, today we are going up, right? Yes, we are going up. 1.66%, more 0.33% in the post market, so roughly 2% overall. However, today's candle is bearish and we failed to close above the 21-day EMA, which is a technical resistance level, by the way, so that's a technical top signal that could be triggered tomorrow if we see the loss of today's low. If we see service now losing 99.47 tomorrow, you know, that's going to be another top signal, possibly to retest the $85, which will be our next technical target. Conversely, if we see another bullish movement, okay, maybe that's just another bullish pivot point on the one-hour time frame, right? Suggesting another rally ahead, of course it could be, of course it could. However, only tomorrow we're going to have a better answer on how to react accordingly. And then we have Micron. This one is making the inverse, right? Why we see now making a top signal near the 21 DMA resistance level, Micron is making a bottom signal above the 21 DMA support level. And this bottom signal has a name, it is actually another hammer like NVIDIA, right? We see a hammer over here, and then we see a hammer over here. In this case, Micron is even more bullish than NVIDIA because at any moment we saw the loss of our 21 DMA while NVIDIA lost it, and it is doing lower highs, lower lows, Micron at any moment did lower highs, lower lows since March 30 this year. We are still going up, and we are respecting this 21 DMA support with an astonishing precision. Therefore, that's a very nice possible support level for Micron. If you ask me, if we see an upwards breakout of today's high, amazing. Today's high is at 1148. By breaking this key point, Micron could easily recover and seek higher levels, breaking the ultimate high. However, you gotta understand, if we see the loss of today's low at 1023, which is precisely near the 21-day EMA as well, by losing such double support level on the daily chart, Micron would trigger a sharper correction possibly to the 864 again, which is our next technical support level. Therefore, you gotta be extremely careful. One of these two key points could bring a major reversal or a major continuation. It all depends on the direction of the next breakout. Either way, I'll be here every single day, keeping you guys updated. Therefore, subscribe, click on the like button, follow me on Instagram as well to keep in touch with my daily life here in Brazil, and follow me on Telegram. Join our Telegram channel, link is in this video's description, trade with us. We are a skin in the game community, you are invited to join us over there. Thank you so much guys for your audience stay safe see you tomorrow as usual bye bye