$SPY WEEKLY STOCK MARKET UPDATE $SPY $NVDA $BTC
Summary
TLDRIn 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
📈 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.
💼 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.
📚 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.
Mindmap
Keywords
💡Market Condition
💡Consolidation
💡MACD (Moving Average Convergence Divergence)
💡Volume
💡Smart Money
💡Channel
💡Bullish
💡Breakout
💡Support and Resistance
💡Sector Analysis
💡Bitcoin
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
community folks I I go everyday live
morning 9:30 to 400 p.m. free of charge
live every day 7 hours live live live
live 6 hours right so you can join top
trading Edge and every day we go live
don't forget to click the like button
and also subscribe button also folks
okay and I always post the market update
video on a weekend time but if you want
to join everyday market update video
we'll be starting new brand new batch
right here
which will be this one every day you get
the market update video from first June
we are starting all right we are waiting
for 20 students so we have some students
those who already enrolled those who did
not enroll folks go ahead and make a
payment if you have any question you can
send me message on this number all right
so see you guys tomorrow morning 9:30
all right thanks bye
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