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Technical Market Update
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SPX - 4615 target if recent lows hold.
We are looking for 4615 on the S&P cash to be tagged if the recent strength in technology stocks will hold up. This is an objective target based on TD Propulsion which we are “front running” before qualification. The general idea here is simple: if it can’t go down, it must go up.
QQQ - Not a top, but a bull flag?
What is also becoming quite apparent is the digestive nature of the price action over the last couple of months. Since we pointed out the top signals earlier this summer, the expectation was that the market may have an opportunity to fall down to mid 2022 levels. So far, this has not been the case with dips eagerly getting bought.
AAPL - Could be rotten
With TDST qualified to the downside, there is potential for more weakness especially if you consider how weak it has been relative to the market. You typically see AAPL leading, not lagging.
COIN - Still in play
MU - Still in play
AMD - Perfection
FSLR - First real pullback?
This one has been leading a lot of the upside off the low. To see it now retest and hold some pivotal area only presents one question in my head: am I brave enough to try a long for such a volatile name?
META - Hard to mess up
Unfilled gap at 358.
NKE - Weekly trend in tact
PLTR - In play
LMT - Possible failure + trap.