Market Watcher

$SPX: First gap filled. Friday’s indecision is being validated. However, dip buyers jumped in very quickly. The mild pullback thesis is valid as long as today’s low is breached.

$ASTS A few charts that have my interest. As I've said, we're at a big level sharing similar conditions to prior lows. Conditions can get more stretched on the downside of course, and if we don't find a low here then I'm eyeing $65 area next. Everything is satisfied for a powerful snapback rally. Question is simply from what level now, imo. *NFA

$AAPL: MACD crossovers have maintained a high probability rate over the last years. With the signal confirmed last week, the weekly setup suggests that any pullback, despite the daily shooting star, should be viewed as a buying opportunity. Thanks for the likes and reposts.

🚨 *AMERICAN WARSHIP HIT BY TWO MISSILES AFTER IGNORING IRAN WARNINGS SAYS IRAN'S FARS Stocks are dumping and oil is soaring due to this headline. Is this fake news out of Iran or did they really strike a US warship?

23 of the past 25 times the S&P 500 was up more than 5% heading into May saw the rest of the year higher. A good start to 2026 could be another clue the bull market is alive and well.

@SmartReversals After IV expansion last week into FOMC and Earnings it makes sense to cool off but live zone is pretty flat, even slightly negative. LIVE ZONE: Bullish: 38% Bearish: ~40% Spread: ~0 / slightly negative

This bull market officially made it to 100% in 3.5 years. Looking at other bulls that made it to a double and it is perfectly normal to see potentially years left of the bull market.

$SPX: Dumb money confidence is strengthening while the SP500 continues to move higher, leaving behind gaps and indecisive candles. The good news is that smart money remains stable; so a major decline (-5%) is not expected, though a healthy consolidation (-1% -2%) is possible.

$QQQ - After almost hitting the yearly pivot at the March low, now it's approaching the 1st yearly resistance at 700. Once it gets to 700 there's an elevated probability for another correction, a correction that may take it back to the previous ATH at 637 or close to it.

$IGV: The Software ETF showed resilience this week, with a 1.7% gain. The bounce from the 50DMA and a developing Stochastic crossover, looks promising for bullish continuation. $90 is the key resistance to watch. Any software stocks to chart? Drop your tickers below.

$META October 2024-present = 0% return $MSFT October 2024-present = 0% return $SPY October 2024-present = +27% return $QQQ October 2024-present = +41% return $SMH October 2024-present = +112% return And yes I know I am cherry picking a specific date to prove a point... but still! With that said I like META and MSFT here.

@SmartReversals Aren't gaps supposed to be always filled?

$IWM: Indecisive price action, combined with a bearish RSI divergence and three open gaps, suggests a decline is possible this week. The $270 level will likely act as a magnet, followed potentially by $265. A deeper correction beyond those levels is not currently expected.

$SPY 10 of the 13 new Fed chairs saw at least a 10% drawdown in their first year. Warsh can officially start as early as this month I believe. Fwiw H/t Barclays, Fundstrat

$AAPL: Shooting Star, signaling a potential reversal, likely anticipating a gap fill next week. This type of indecisive price action often anticipates increased volatility. 100 likes and 30 reposts for the weekly setup that suggests a contrarian view.

$QQQ is more than 50% above its 200 week MA. In 2025 it happened in late October. A week later it closed higher and made an intermediate term top. Will it repeat the 2025 action or will we have a sustained up move above the threshold as it did in 2020-2021? We'll find out in May.

These and other bullish signals were analyzed weeks ago, with price targets for the $SPX, $NDX, the Mag 7 and more. My latest publication is out: smartreversals.com/p/will-bears-h…

We've called these the dual tailwinds to this bull market for going on three years now. Higher earnings and profit margins always suggested this bull market wasn't over back in late March. Both are at new records again.

@SmartReversals 🚀🚀🚀

$QQQ: Weekly MACD crossovers work as high-probability signals for bullish continuation. This instance was no exception, and the setup still shows potential for further gains. $NDX