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all right so today we finally see a decent breakout materializing what could be a very treacherous be trap right I mean yesterday we had a bearish reaction right below the alltime high resistance area and right now we see this reaction over here so what can we expect from now on well in this video we will talk about the main turning points in the market to keep an eye on always following the technique always working with evidence no comment in this video is an opinion right everything here has a technical basis so that we can we can work with strategy so my name is Nathan if you don't know me I'm a Trader sharing my ideas here on this YouTube channel welcome to the finance Hydra Channel now as we can see here the Spy is making an insane bullish reaction we are not only breaking yesterday's high but we are also breaking the alltime High Resistance area making a new record high today another bullish Candlestick pattern over here far away from our short and medium-term support levels now if you ask me Nathan what if the Spy corrects what if we see a top signal over here if we see a top signal materialized and triggered the Spy could trigger a pullback to its next support levels which is now first one 56 5 the previous resistance level the previous all-time high area over here now is supposed to act as a support level in the future following the principle of polarity in technical analysis the second most important support level is the 21-day EMA all right so if we see so far there is not a single top signal all right so far spy is still maintaining the bullish bias we don't see any Crystal Clear bearish technical evidence suggesting a correction or a pull back ahead but if we see one these two key points are going to be our next major support levels especially the 565 because if we see the Spy losing the 565 again that would be a particularly problematic reaction therefore this casy support level is the most important one for the spy on the short and medium term all right now regarding the CU kill this one is not around the alltime high area yet in fact we are still below a few resistance levels we have the alltime high above the $500 we have this open Gap over here for $493 and of course we have the 484 resistance level the previous top level here on July this year here again on August this year and uh right now apparently theq is struggling again can to break this resistance level therefore this key point is quite meaningful it is quite important any any top signal below this area could materialize a sharper correction back to the 460 4 467 I'm so sorry 476 up here and the 21 Day EMA all right just like the Spy has two support levels 565 21 dama the K also has two support levels the previous top level over here 476 and the 21 Day EMA all right so Nathan do we see any top signal right here no we don't but I do confess that it is quite alarming to see spy losing momentum below a very important resistance level so we should be very very cautious in this area the situation is not that easy right while we see the Spy breaking the previous alltime High making an insane bullish reaction uh we seeq struggling to break its main resistance level on the daily chart over here so we see a few uh conflicting mixed signals between the indices all right among the indices therefore we should be very careful around this resistance level because if we see tomorrow or in the next few days next week all right if we see a top signal below this resistance level we could see we'll probably see a sharper correction ahead and in this scenario tech stocks will be highly affected for instance Nvidia Nvidia is making a very nice bullish reaction today we are exploding almost 4% however we are leaving a shadow above the candlestick's body over here what's more we failed in Breaking the $120 which is the most important resistance level for NVIDIA only by breaking 120 we are going to see a real meaningful bullish reaction materialized because as far as I know this is going to be the trigger point of a bullish Pivot Point a higher high higher low something that Nvidia has to do uh because we we have been doing nothing but lower highs lower lows since Nvidia picked over here near the all-time high in June this year all right $140 there for this could be the first bullish Pivot Point on Nvidia since since June this year so it is very important for it to break the $120 resistance level only then Nvidia will be free to retest higher levels like the 131 or maybe even the alltime high again all right only then we're going to enter we're going to materialize a bull Trend again so far the situation is still very delicate in fact what's the most important support level for nid right conversely if we lose the $113 without a clear breakout of the 120 we could materialize a bearish pivot point a a small bearish pivot point I do agree but still a lower high lower low on the daily chart losing the support level at 113 losing the 21 Day EMA as well therefore this is the most important resistance level 120 and this is the most important support level 113 in fact what Nvidia is doing over here is quite similar to other semiconductor stocks are doing for instance AMD AMD is trying to trigger this bullish Pivot Point over here this micro bullish pivot point on the daily chart above the above the 21 Day EMA this is very good all right however however we are we have yet to SE the $162 which is the most dangerous resistance level for AMD just like Nvidia has a major resistance level at 120 I see this key point on AMD as a very critical resistance level because only by breaking it AMD will finally trigger a larger a bigger bullish pivot point and uh on the weekly chart we could resume the bullish bias over here and make a bullish pivot point on the weekly chart over here as as well breaking the 21 week EMA leaving these support levels behind what's more this is going to be the first bullish pivot point on the weekly chart since well since this Pivot Point right this clear bullish pivot point in May 2023 therefore it is very important for AMD to trigger this bullish pivot point on the weekly and daily charts so 162 is the most important turning point for AMD Nathan what it takes for AMD to turn bearish again we got to lose the previous support level over here around around 148 which is very close to the 21 Day EMA all right so this dual support level is the most important inflection point for AMD if if it is going to turn bearish in the next few days or maybe even in the next few weeks therefore we we got to watch out for these two key points and another very interesting stock that that is quite overlooked by most people is Taiwan semiconductor which is also just like AMD we see a bullish Pivot Point over here all right a quite interesting bullish pivote point and of course we see another major bullish Pivot Point over here as well by materializing by breaking days this resistance area over here all right closing above it on the weekly chart preferably we're going to see Taiwan semiconductor triggering a bullish pivot point on the weekly chart something that AMD AMD could perform next as well and Nvidia could also perform this bullish pivot point however we are still facing many many important resistance levels on these stocks which are moving quite similar all right so we got to pay attention to these key points on our semiconductor stocks from now on all right meanwhile we see Tesla breaking breaking the previous resistance level $233 this key point over here is a very important one for Tesla because it is the trigger point of this ascending triangle chart pattern it is a major resistance level which has been holding the price one two three four five six seven times the past and it was a previous support level over here on July 12 right now we are finally breaking this key Point therefore if you ask me Tesla is technically technically very bullish right now and in theory it could retest our next resistance levels namely to close this Gap over here 245 and the most important one 265 the major resistance level seen on the weekly chart over here all right therefore 233 what's more this is very interesting all right because this key point $233 the previous major resistance level right now today acted as a support level another classic example of the principle of polarity in technical analysis which says that previous support levels are going to act as future resistance levels and vice versa this is another very good example which is being respected by Tesla today now if you want to learn how to trade these patterns if you want to learn more about the principle of polarity ascending triangle chart patterns Candlestick patterns just download my free ebook on our telegram Channel it is free anyone can download it and just start learning what's more on our telegram Channel you you will have access to exclusive analysis premium analysis for instance I told you guys that about Taiwan semiconductor all right recently recently I did an exclusive analysis here on trading view that only only our members have access to on our telegram Channel describing a very nice Buy Signal on it just an example all right exhaustion bar Buy Signal at 165 inverted Head and Shoulders chart pattern on the 1 hour chart here on this analysis I describe the details every single detail of our trade I describe the daily chart the hourly chart I describe the trading strategy entry point 165 stop top loss where it is well 156 Target around 175 all the key points described in this chart I describe in details over here in our premium exclusive analysis so if you want to learn more if you want to trade with me if you want to trade with a crystal clear strategy then just take a look at our website link is in the video's description all right now before we talk about pal before we talk about arm super microcomputer Etc I have something to ask you guys all right I would like to ask you something that has to do with the channel and our community all right because our channel is is growing very well our community is very good and uh given this serious nature of our Channel with a focus on technical analysis without opinions or biases we kind of end up repelling more emotional people who like to cause trouble right and only serious dedicated people end up staying right and the the content itself is a filter against idiots all right which reminds me if you like the content consider consider subscribing this channel click the like button to support me because here you will receive every single day analysis without bias without guesswork assumptions just technique just strategy therefore consider subscribing to the finance Hydra Channel if you're not a subscriber yet all right now now this leads me to ask you would you like me to make lives lives I would like to try this out with you guys so you can interact with me send me questions and doubts in real time we can study the market together we can talk and I can talk to you on the spot all right I'm just wondering okay just wondering I'm not saying I will I'm not saying I will stop recording videos and only make lives no it is just an idea all right I'm going to test this I would I would like to test this with you guys so just give me please give me your feedback all right I always read the comments I always answer the comments and in this video I will also answer every single one of you so please please leave a comment leave your feedback about this idea would you like me to make lives with you guys here on this channel just an idea all right please leave a comment now paler over here is trying to make a top signal it is trying to however there is no top signal triggered yet if we see a top signal all right we're going to see pullback to the 21 Day ma $33 again that's not a problem as I told you guys yesterday as I told you guys in the day before any pullback over here could be just another buying opportunity period because we are in a bow Trend we are making higher highs higher lows while as long as the trend remains bullish any pullback to a support level would be a buying opportunity with a good risk reward ratio period all right arm Holdings is a very nice one as well it is making a bearish Candlestick pattern over here today it broke the previous resistance level at 138 if you ask me the 138 is right now our major support level it has been holding the price over here uh on September 16 September 17 yesterday right now it could retest we could retest the support level again even if we lose the 138 the 21 Day ma is another technical support level so arm Holdings could be a very nice buying opportunity next if we see the right movement around this support level meanwhile we see super microcomputer stabilizing its price this one unlike many of the stocks we analyzed here in this video this one is very bearish all right it is still bearish we don't see any meaningful bullish chart structure right now apparently we are stabilizing we are moving sideways since September 12 over here all right but uh we don't see any meaningful major bullish chart structure yet if you ask me I would like to see I would prefer to see super microcomputer retesting the $357 again the previous top level future support level again another example of the principle of polarity but uh seeing this reaction on the weekly chart kind of makes me wonder if uh super M super microcomputer will have the strength we we have the momentum to retest this support level again all right meanwhile okay we are still bearish we don't see any meaningful bullish reaction the 21 Day ma is still acting as a resistance level for us so we don't see nothing here yet but maybe we will soon either way I'm going to keep you guys updated in this channel every single day so again consider subscribing click the like button join the 5% project you can test your service for free for seven days and receive exclusive 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