AAPL crushed it today - iPhone revenue up 23%, China sales up 38% - and the market just sold it. Couldn't hold the pop. Tim Cook mentioned chip shortages and being in "supply chase mode" which spooked some folks. Meanwhile MSFT got hammered, down 10% after hours on cloud growth slowdown and AI spending concerns. That's a big deal - roughly 15-20 points of drag on ES at the open.
ES broke down during Asia, flushed from 6,980 through 6,968 all the way to 6,943 before catching a bid. Bounced back to 6,967-6,970 where we're now seeing a Lower High form on the 15-min. Structure is bearish - lower highs, lower lows confirmed. The 4H equilibrium at 6,930-6,920 is the magnet below.
Forecast:
• Overnight: Down to flat, leaning bearish
• Morning Session: Expecting downside pressure
• Afternoon: Likely choppy and two-sided
• Daily Close: Leaning toward a red close
• Expected Range: 6,900 to 6,990
• Most Likely Path: Test and reject 6,970-6,980 early, roll over and break 6,950, test the 6,930 equilibrium, bounce attempt fails, fade into close near 6,920-6,940
Friday Events:
• 6:15 AM: CVX (EPS 1.38 exp, Rev 44.1B)
• 6:30 AM: XOM (EPS 1.69 exp, Rev 81.3B)
• 6:30 AM: VZ (EPS 1.06 exp, Rev 36.1B)
• 7:00 AM: AXP (EPS 3.56 exp, Rev 18.9B) - good read on consumer spending
• 10:00 AM: Core Trend Inflation data
• After the bell: AMZN, GOOGL, INTC
Resistance:
• 7,022 – Thursday's High
• 7,010-7,012 – Prior Equilibrium Zone
• 6,993-6,995 – Critical Level / PDH Area
• 6,980-6,982 – VWAP / Demand Turned Resistance
• 6,968-6,970 – Lower High Formation
Support:
• 6,955-6,950 – Tested Support Zone
• 6,943-6,945 – Overnight Low
• 6,930-6,920 – 4H Equilibrium (Major Target)
• 6,900 – Psychological Level
• 6,875 – Prior Week Low
How I'm seeing it:
• Leaning bearish below 7,000
• A push back to 6,970-6,980 that can't reclaim sets up a fade toward 6,950, 6,940, then 6,930
• The bounce from 6,943 looks like a selling opportunity, not a trend change
• Above 6,995 and held - bearish view weakens
• Below 6,943 opens the door to 6,930-6,920
The market couldn't rally on perfect AAPL numbers. MSFT down 10% will probably overshadow META's +9%.
Good Luck !!!
ES broke down during Asia, flushed from 6,980 through 6,968 all the way to 6,943 before catching a bid. Bounced back to 6,967-6,970 where we're now seeing a Lower High form on the 15-min. Structure is bearish - lower highs, lower lows confirmed. The 4H equilibrium at 6,930-6,920 is the magnet below.
Forecast:
• Overnight: Down to flat, leaning bearish
• Morning Session: Expecting downside pressure
• Afternoon: Likely choppy and two-sided
• Daily Close: Leaning toward a red close
• Expected Range: 6,900 to 6,990
• Most Likely Path: Test and reject 6,970-6,980 early, roll over and break 6,950, test the 6,930 equilibrium, bounce attempt fails, fade into close near 6,920-6,940
Friday Events:
• 6:15 AM: CVX (EPS 1.38 exp, Rev 44.1B)
• 6:30 AM: XOM (EPS 1.69 exp, Rev 81.3B)
• 6:30 AM: VZ (EPS 1.06 exp, Rev 36.1B)
• 7:00 AM: AXP (EPS 3.56 exp, Rev 18.9B) - good read on consumer spending
• 10:00 AM: Core Trend Inflation data
• After the bell: AMZN, GOOGL, INTC
Resistance:
• 7,022 – Thursday's High
• 7,010-7,012 – Prior Equilibrium Zone
• 6,993-6,995 – Critical Level / PDH Area
• 6,980-6,982 – VWAP / Demand Turned Resistance
• 6,968-6,970 – Lower High Formation
Support:
• 6,955-6,950 – Tested Support Zone
• 6,943-6,945 – Overnight Low
• 6,930-6,920 – 4H Equilibrium (Major Target)
• 6,900 – Psychological Level
• 6,875 – Prior Week Low
How I'm seeing it:
• Leaning bearish below 7,000
• A push back to 6,970-6,980 that can't reclaim sets up a fade toward 6,950, 6,940, then 6,930
• The bounce from 6,943 looks like a selling opportunity, not a trend change
• Above 6,995 and held - bearish view weakens
• Below 6,943 opens the door to 6,930-6,920
The market couldn't rally on perfect AAPL numbers. MSFT down 10% will probably overshadow META's +9%.
Good Luck !!!
info@algoindex.com, algoindex.com | Join our free trading community: facebook.com/groups/1256769122661043
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info@algoindex.com, algoindex.com | Join our free trading community: facebook.com/groups/1256769122661043
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。