$SPY WEEKLY STOCK MARKET UPDATE $SPY $NVDA $BTC

Summary

In this trading analysis video, the host reviews market conditions post-Memorial Day holiday, noting a bullish trend with the market consolidating around the 530 range. Technical indicators like MACD and volume support this bullish outlook. The host delves into various time frames, from daily to 10-minute charts, highlighting key resistance and support levels. Sector-wise, technology is gaining favor over energy and real estate. Specific stock picks like Nvidia, Apple, and Microsoft are discussed, with Nvidia showing strong bullish signals. Bitcoin and the dollar are also analyzed, with Bitcoin attempting to create an ascending wedge for a potential breakout. The bond market is struggling but shows signs of bouncing back. The host also mentions upcoming classes starting June 1st, offering a discount for those interested in joining.

Takeaways

• 📈 Market Outlook: The speaker predicts a bullish market trend, with the market having tested previous highs and currently consolidating around the 530 range.
• 📊 Technical Analysis: The daily chart indicates bullish conditions with the market poking to previous highs, while the MACD (Moving Average Convergence Divergence) is in bull territory and volume is bullish.
• ⏱️ Time Frame Analysis: The speaker analyzes various time frames, from daily to 10-minute charts, to provide a comprehensive view of market conditions.
• 💡 Key Levels to Watch: The speaker highlights specific price levels, such as 527 and 530, as critical support and resistance zones to watch for potential market movements.
• 📉 Potential Rejection Points: Smart money is showing rejection at 53150, suggesting this price point could be a significant resistance level.
• 📈 Bullish Confirmation: The speaker suggests that if the market breaks the current consolidation and bounces back, it could indicate a healthy bullish trend.
• 📊 Sector Movement: Money is moving out of energy and real estate sectors and into technology, indicating a shift in market focus.
• 💼 Stock Highlights: Nvidia is highlighted as a stock with bullish potential following strong earnings, along with Apple and Microsoft, which are also showing bullish signs.
• 🚀 Cryptocurrency Mention: Bitcoin is discussed as being in a bullish position, with the potential to break out and test higher price levels.
• 💵 Dollar and Bond Market: The dollar is in an upward channel, looking bullish, while the bond market is struggling but showing signs of attempting to bounce.
• 📚 Educational Offerings: The speaker promotes an upcoming class starting on June 1st, with a discount extended for 3 days, and mentions the absence of a July class due to summer vacation.

Q & A

What is the current market condition according to the script?

The market conditions are bullish, with the market poking to the previous high and consolidating at the 530 range.

What does the MACD indicator suggest about the market's momentum?

The MACD (Moving Average Convergence Divergence) is in bull territory, indicating a positive momentum for the market.

What is the significance of the 530 range mentioned in the script?

The 530 range is a consolidation area for the market, indicating a potential pivot point for future movements.

What does the script suggest about the smart money's behavior in the market?

The smart money is showing rejection at the 53150 level, suggesting that this price point might be a resistance level.

What is the potential support level for the market mentioned in the script?

The potential support level mentioned is around 527, which is an area to watch for potential market bounce.

What does the script suggest about the market's behavior after the long weekend and option expiry?

The script suggests that after the long weekend and option expiry, there might be a sell-off, but the market appears to be consolidating in a bullish manner.

What is the script's stance on Nvidia's stock performance?

The script indicates that Nvidia's stock is looking bullish, with a potential for a bounce and a divergence on the one-hour chart.

What is the current price range that Apple is validating according to the script?

Apple is validating a price range around 180-190, after having a breakout from the 186-187 range.

What does the script suggest about Microsoft's stock trend?

Microsoft's stock is described as looking bullish, with the potential for a retest of the cloud and a possible breakout or continuation of the upward trend.

What is the current situation with Bitcoin as described in the script?

Bitcoin is described as being in a bullish position, having poked through the cloud and looking for slow sling support, with the potential to create an ascending wedge for a breakout.

What does the script say about the bond market and TLT?

The bond market is described as struggling but healthy, trying to bounce, and validating at the 90-92 range. TLT is not expected to have crazy movements and is also validating a similar zone.

What is the upcoming class schedule and discount information mentioned in the script?

The script mentions a class starting on June 1st, with a discount extended for 3 days. The class will not be offered in July due to summer vacation.

Outlines

00:00

📈 Market Analysis Post-Holiday

The speaker begins by addressing the audience and noting the Memorial Day holiday, after which the market resumes on the 28th. They proceed to analyze the market's current state, highlighting a bullish trend indicated by the daily chart. The market has tested previous highs and is now consolidating around the 530 range. The Moving Average Convergence Divergence (MACD) is in bull territory, and volume indicators are also bullish. The speaker then transitions to smaller timeframes, such as the 4-hour chart, which shows a bullish trend and a downward trend in the moving average. The 1-hour chart reveals smart money rejecting at 53150, suggesting a potential resistance level. The 30-minute chart shows a bullish pattern with the market bouncing from the 525 range. The speaker advises to watch for potential traps and consolidation between 530 and 527, as the market could test and bounce higher. They conclude by emphasizing the bullish outlook for the longer term, suggesting the market could go higher if it breaks certain levels.

05:01

💼 Sector and Stock Performance Review

In this paragraph, the speaker shifts focus to sector-wise analysis, noting capital outflows from energy and real estate sectors with a simultaneous inflow into technology. They then delve into specific stock performances, starting with Nvidia, which shows a bullish trend post-earnings, with a potential bounce indicated on the one-hour chart. The daily chart for Nvidia is particularly bullish, with no weak above the body, suggesting a strong bullish Hammer candle pattern. Apple is discussed next, with its recent breakout from the 186-187 range and current consolidation around 180-190, indicating a healthy validation of the price range. Microsoft's bullish stance is also highlighted, with the stock testing the top and potentially experiencing a retest of the cloud or a continuation of the upward movement. Bitcoin's price is mentioned as being around $69,277, with the market showing bullish signs after poking through the cloud on the chart. The speaker also touches on the dollar's sideways movement and the bond market's struggle to bounce, with TLT validating a range and potentially bouncing after spending time around 90-92.

10:02

📚 Upcoming Classes and Market Updates

The speaker informs the audience about upcoming classes starting on June 1st, extending the enrollment period by 3 days due to their recent unavailability. They mention that the classes will continue to be offered at a discounted rate of $750. The classes include daily live sessions from 9:30 AM to 4:00 PM, and the speaker encourages viewers to join the community for free daily live sessions and market updates. They also mention that there will be no classes in July due to summer vacation, making June the last month for the SPX class. The speaker provides contact information for any questions and reminds viewers to like and subscribe for updates. They conclude by reminding viewers of the next live session scheduled for the following morning at 9:30 AM.

Keywords

💡Market Condition

Market Condition refers to the overall state of the stock market, including trends, volatility, and investor sentiment. In the video, the speaker discusses the market as being 'bullish,' indicating a general upward trend and positive outlook. The term is used to analyze the market's performance and to guide potential investment decisions.

💡Consolidation

Consolidation in the context of the stock market is a period during which the price of a security or the overall market moves within a certain range, typically following a significant price movement. In the script, the speaker mentions that the market is 'consolidating at the 530 range,' which suggests that after reaching a previous high, the market is now stabilizing within a specific price range.

💡MACD (Moving Average Convergence Divergence)

MACD is a popular technical indicator used by traders to identify changes in momentum. It measures the difference between two moving averages of a security's price. In the video, the speaker mentions that the MACD is in 'Bull territory,' indicating a positive momentum for the market, which is a bullish signal for traders.

💡Volume

Volume refers to the number of shares or contracts traded in a security or market during a given period. It is often used as an indicator of market liquidity and investor interest. The speaker in the video describes the volume as 'bullish,' suggesting that the higher trading activity is supporting the upward market trend.

💡Smart Money

Smart Money typically refers to the trading activities of large institutional investors or professional traders who are believed to have access to better information and analysis tools. In the script, the speaker discusses 'smart money' and their actions, such as 'rejection at 53150,' indicating that these investors are not supporting prices above a certain level, which can be a significant signal for market direction.

💡Channel

In technical analysis, a channel is a continuation pattern that occurs when a security's price moves within two parallel lines. Channels can be upward, downward, or horizontal and help identify the direction and potential reversal points in the market. The speaker mentions a 'downward Channel,' which suggests that the market is in a bearish trend, but it bounces back at certain price levels, indicating potential support.

💡Bullish

Bullish is a term used to describe a market condition in which prices are expected to rise. It reflects an optimistic view of the market. Throughout the script, the speaker uses 'bullish' to describe various aspects of the market, such as the overall market condition, MACD indicator, and individual stocks like Nvidia and Apple, indicating a positive outlook.

💡Breakout

A breakout in trading occurs when the price of a security moves past a specific technical level, often after a period of consolidation. It can signal the start of a new trend. The speaker mentions that Apple had a 'breakout from 186-187 range,' suggesting that the stock has moved above a previous resistance level, which may indicate further upward movement.

💡Support and Resistance

Support and resistance are levels on a price chart where the price of a security tends to stop falling (support) or rising (resistance). These levels can act as barriers to price movement and are used to identify potential reversal points. The script refers to watching for '527' as a support level, indicating that if the market falls to this level and bounces back, it could signal a continuation of the bullish trend.

💡Sector Analysis

Sector analysis involves evaluating the performance and prospects of different industry sectors within the economy. In the video, the speaker discusses how money is moving 'out of the energy sectors' and into 'technology,' providing insight into which sectors are currently favored by investors and may offer better investment opportunities.

💡Bitcoin

Bitcoin is a type of cryptocurrency and a digital or virtual currency that uses peer-to-peer technology to operate without a central repository or single administrator. The speaker mentions Bitcoin's price and its technical analysis, noting that it 'just poked through to the cloud' and is looking 'bullish,' indicating a positive sentiment towards this digital asset.

Highlights

Market conditions are bullish with the daily chart showing a poke to the previous high and consolidation at the 530 range.

MACD is in bull territory and volumes are bullish, indicating a positive market outlook.

4-hour charts show a bullish trend with the market continuously going down, suggesting a potential upward movement.

Smart money is showing rejection at 53150, indicating a key resistance level to watch.

30-minute chart reveals a downward channel with the market bouncing from the 525 range, attracting buyers.

Market consolidation in the 530 range is due to Friday's option expiry and the long weekend sell-off.

Market is expected to test and bounce, potentially going higher if it breaks the current consolidation.

Sector-wise analysis shows money moving out of energy and real estate sectors into technology.

Nvidia's stock is looking bullish with a great earnings report and potential for a bounce in the one-hour chart.

Apple had a breakout from the 186-187 range and is now consolidating around 180-190, with potential to go higher.

Microsoft continues to look bullish, with the possibility of a retest and break through the cloud.

Bitcoin is bullish, having poked through the cloud, with an ascending wedge formation suggesting a potential breakout.

The dollar is in an upward channel, looking bullish but requiring time before a potential upward movement.

TLT bond market is struggling but trying to bounce, validating at the 90-92 range with a potential for a bounce.

June 1st will see the start of a new batch for SPX classes, with a discount extended for 3 days.

July will not have a SPX batch due to summer vacation, making June the last month for the classes.

A new batch of everyday market update videos will start from June 1st, with a limited number of students.

The speaker provides daily live sessions from 9:30 AM to 4 PM, offering free market insights and analysis.

Transcripts

welcome to top trading Eng folks uh

today 27th Monday uh we had the Memorial

Day holiday and Market is starting uh

going tomorrow 28th so we're going to

take a look at the market condition see

what Market did and what market look

like I was few days I was off folks my I

was not live now let's I'm back so let's

take a look at the market condition see

what market look like so this is the

daily chart folks so as you can see

right here market conditions are Cloud

conditions are bullish Market did poke

to the previous high and now we are

consolidating right here at the 530 530

range right here magd is in Bull

territory volumes are bullish looks like

everything is bullish so we're going to

go to the little smaller time frame and

just analyze little bit so we're going

to go into the 4our charts

first all right so what do you see here

folks the cloud condition diagonally

going upward nice and bullish looking

here too right and the meet is

continuously going down down down as you

can see we had a couple of days was red

right here okay that's fine but me is I

think me f up the gas to go and shoot up

folks okay that's what it looks like on

4our charts conditions are still bullish

let's go and look into 1 hour charts all

right so one hour chart the smart money

what the smart monies are doing folks if

you can see here smart monies are right

now keep getting rejection at

53150 53150 rejection 53150 rejection

rejection rejection right so this is the

where Market is validating

531 and the range you need to look

around

527 okay that's what basically smart

money are right now battling all right

so we might need to go and look into

this is 1 hour chart so we're going to

look into 30 minute charts and see what

uh still looks like okay so right now 30

minute chge looks bullish FKS here so as

you can see downward Channel Market has

created but we immediately Market bounc

from the 525 range right the moment 525

goes the buyer likes the price and it

bounces up right here and we came back

to the five 29 range right here so what

do you see here folks look at that I'm

going to go into a little more smaller

time frame 10 minute charts and see we

can understand see what market look like

so if you can see here sloping

resistance is right there the channel

downward Channel we just started this

downward channel right here but the when

Market went here we bounced all right

but we are in the same category which is

territory not the category territory

which is 530 range Market is so you need

to watch so what do I need to look for

we're going to look into we already

looked into the longer time frame that

market is bullish longer time frame

means I'm not talking about tomorrow I'm

talking about weekly or two weeks Market

is bullish so if you want to be bullish

right you need to watch for 527 so I put

a mark right this area this area to

watch if you see tomorrow Market going

down down this maybe we could test that

we could break 527 and we could go lower

525 if we break this if we bounced

retest bounce bullish remember then the

channel break out then we can definitely

go and retest bounce and we can go

higher okay that is the reason we are

right here consolidating in this Zone

because Friday option expiry was it

right that's why in Long Weekend

everybody want to sell off right and

that's what happened but looks like to

me a bullish so what does it mean Market

could test and bounce and go higher if

we break this down and we could go and

test this one probably right that would

be

the different different area to watch

right here all right and then the upper

trajectory if you see Market

is all right so this area these are the

area to keep eyes on

for tomorrow bullish side bearish side

wherever market so because Market opens

up on Tuesday right and always bulls and

bear both battles there might be a

little trap right you know so Market

might do that kind of uh activity so

right now we need to watch this area

between 530 and 527 let's see where the

rejection comes or where Market bounce

that's what we need to watch here folks

okay so most likely we need to watch

tomorrow and see what happens they might

create a trap at 12:00 11:00 10:00 we

don't know let's see where where we are

at the top of the channel right here

here and see what happen it bounce the

cloud conditions are right there we can

bounce and go higher or we can Bounce

from 527 and go higher right because

it's a retest Market it is healthy to

retest because looks like conditions are

bullish so far still Market is looking

nice and bullish so most likely look

like a bullish here but you never know

you always there's another side of the

coin to look into that's why because the

fresh anytime fresh Week start folks

remember look what happened to Thursday

and Wednesday right this is what the

game they play dirty games because

Friday option expiry right and they do

nasty things but learn to take the

advantage of I was not here folks so I'm

sorry we could not I could not you know

couldn't do anything here but you know

this was amazing man if any anybody

printed here this would have been the

crazy one anyway so this is what Market

need to watch for tomorrow folks okay

now we're going to look into the sector

wise see what the sectors are doing

right now we're going to look into last

last week what sectors are energy the

money are moving out of the energy

sectors as as well as uh real estate but

technology still hard folks did you see

notice that money are moving from here

and going into technology okay that's

what it looks like to hear okay now

we're going to look into some of the

stocks okay folks so we're going to look

into what what do I like Nvidia Nvidia

had a great earning so I'm going to look

into I like Nvidia stock folks

so what I see Nvidia look at the

bullishness forks right here Nvidia

looking bullish

right Nvidia wants to little

bounce one hour chart showing maybe

little bounce and then Divergent

probably but Nvidia looking nice and

bullish so if you look at the daily

chart hold on let me look at the daily

chart do you see how much bullish it is

the Nvidia is looking right here we are

all the way at the top so what does it

mean means

right here got to watch this area folks

people are looking at the Gap so Market

might go up right now look at there is

no weak above the body means the Bulls

are lined up you follow that's what it

looks like the bullish Hammer candle

look like so so much n looking bullish

all right so Nvidia looking look at the

look at the power volumes everything

looking nice on Nvidia all right let's

look at the

Apple Apple yep Apple had a breakout

folks we had a uh 187 range right here

Apple had a breakout from here which is

186 187 and since then Apple is now

consolidating validating this Zone

around 180 190 and then Apple could go

higher so because we are right now still

validating that that price range okay so

apple is still holding good price all

right

Microsoft Microsoft we already discussed

last time too folks Microsoft still

looking bullish look at that is still

right at the top looking

bullish

so there might be that might be this is

a b zon so there might be some rejection

probably if they want to bring it

probably and then bounce pull back and

bounce if they but totally looking

bullish Microsoft looking nice and

bullish but we have Microsoft been

bullish last 3 weeks works okay last 3

weeks Market me solid bullish so they

retest the cloud and then break through

the roof possible or they can continue

go up and retest the support right here

and then bounce either one of them they

could do so looking Microsoft looking

bullish all right let's look at the

Bitcoin all right so up sorry what what

did I do oh yeah Bitcoin is $70,000

right here

69277 so Bitcoin

is Bitcoin we just poke through F to the

cloud and now looking bullish so look

for the slow sling support right here we

need to get out of this zone now we

broke that so sloping support is as long

as if you see this area folks as long as

we are above

this we are bullish so Market is trying

to create I mean Bitcoin is trying to

create a ascending wedge right here to

break out here if that break out occurs

folks most likely we could go and maybe

higher why because me in a bull

territory now everything looking bullish

up we might go and retest this area

easily folks okay that's what it looks

like Bitcoin right all right then we're

going to look into dollar

Dixie all right so dollar

looking sideway dollar is 10405 dollar

looking sideway uh this is the daily

chart right yeah so dollar right now I'm

not going to I me looking strong but

pull back but we are in still stuck in

the channel Dollar in upward Channel let

me get out of this dollar is in upward

channel so still look bullish but give a

little time and then might be shoot up

all right so dollar looking good then

tldd bond market

right so Bond right here we are

oscillator zero is is like you

know still struggling for still

struggling trying to bounce here but we

are still struggling trying to bounce

this this is little healthy okay bond

market right now little healthy trying

to bounce here but still we are

validating at 90 92 Range trying to get

about the cloud and then probably could

bounce let's see what happens here by

TLT I'm not expecting crazy thing to

happen on TLT because we we validating

this Zone around 90 91 92 Range right

here we spend almost 10 days here look

at that so but the Bears are giving up

that's that's how it looks like so we

might be validating for month or so and

then we could go why that's how it looks

TLT all right folks also sorry I was

away now people are asking me Josh what

are the the classes that the class what

we talking about we SPX to join and the

1st June will be starting and people are

asking me Josh the deals are over or

what not and I could not respond because

I was you know busy a little bit

but what we what I'll do is 3 days off I

will adjust your 3 days here so no

problem folks so you can join this June

1st we are starting this folks okay

everyday SPX qqw video so we will not

going to have $1,000 still you'll get it

for 750 those who want to take the join

this everyday market update video you'll

you'll get right that is this one 750

still right so if you want to join you

can join that one and the SPX room folks

June B starting June okay July we will

not we will not have the batch July

because of the summer vacation folks I

might be on and off don't bother you so

maybe June is the last month we're going

to do SPX July will not be SPX so if you

want to take the advantage I will

continue to give you the discount and

join that now okay so June class folks

you can start taking the classes before

you join the WhatsApp group for the SPX

DT right that's where I post my trades

where I put my comment right so this is

the SPX if you want to join right now

you have discount I will extend for 3

days is right here so use that folks all

right and those who are new to the

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all right thanks bye