Wild action on CMPS earnings day. What's next?CMPS Weekly bull flag into new low of day is a short term red flag, but is there cause for concern in the longer outlook? Click to watch the free video for more details
I provider regular chart analysis of the psychedelics sector. Be sure to Like and Follow, and Subscribe to future updates so you don't miss a post!
Support: 3.92
Resistance: 4.60, 4.78
Community ideas
Review a Few of our Trades & Update Overall Market PerspectiveIn this video, I review some of the trades taken over the past 1-2 weeks, and discuss in more detail the current technical and geopolitical/macro thesis on AMEX:SPY NASDAQ:QQQ NASDAQ:SQQQ AMEX:SOXS , and the overall market. Exciting times, and ripe with opportunity to *potentially* BTD (again).
The market is concernedThe structure of the S&P 500 daily chart implies a market that is concerned. Although many of the fundamentals released on Thursday were basically meeting market expectations, there is concern about the impact of the tariffs there is concern about geopolitical factors and there is concern about how the market will absorb Friday's economic numbers. Sellers are here but will they have a reason to follow through to the downside as we go into the weekend.
WHO WILL WIN BITCOIN'S RANGE BATTLE? In this weeks analysis, Bitcoin has been stack in a tight range for almost two weeks now. Trading range between $115k and $120k. Trend is still holding up for Bullish continuation but indicators strongly cautions loud Sirens. A decisive daily close above $120,200 could be the winning whistle for Bullish Continuation, while I see selling pressure to continue to the Support Block of about 113k. Also the selling Volumes are huge but prices are always quickly absorbed suggesting an accumulation is happening more than a distribution. So my thesis for Bitcoin is sideways range bound until there is a clear market winner. I will be paying much attention to the bearish alarm and a breakdown will be confirmed when daily price decisively close below $115k confirming the divergences on the chart. Trading between the range is high risk.
SPX500 NEARING AN IMPORTANT FIB. EXTENSION RESISTANCEIn this weekend's analysis I find the SPX500 to remain BULLISH for next few days as we have strong closings outside the upper KC band and also touching the upper Bollinger band on the higher time frames from Daily to Monthly charts. It's also important to note that declining volume bars is NOT supporting the monthly rally, while MACD, RSI divergences are also sounding warning sirens that it's near a major correction territory which I have measure as the fib extension 0.618 from the October, 2022 base or support on the monthly chart. As signaled last week that we could be getting a capitulation candle soon to the fib target. Once we get a reversal candle on the 4 Hours it will confirm that the intermediate tops is achieved on the SPX500 and a correction is highly probable. So our trade thesis is Bullish until we get a confirmed bearish signal on either the 4H or 1D timeframe with Stop loss at 6377 level. Thanks for visiting my publication and trade idea on the SPX500. Cheers and happy trading to everyone.
**07/31/25 Trade Journal, and ES_F Stock Market analysis **
EOD accountability report: +
Sleep: 5.5 hours
Overall health: Good
** VX Algo System Signals from (9:30am to 2pm) **
— 9:00 AM Market Structure flipped bullish on VX Algo X3
— 9:30 AM VXAlgo ES X7 Sell signal
— 9:32 AM Bullish market structure got cancelled
— 11:40 AM VXAlgo NQ X1 Buy Signal
— 12:40 PM VXAlgo NQ X1 Sell Signal
— 1:00 PM Market Structure flipped bullish on VX Algo X3!
— 1:22 PM if we lose 6415 and stayy under it . Bullish Market structure is cancelled.
— 1:55 PM VXAlgo NQ X1 Buy Signal
What’s are some news or takeaway from today? and What major news or event impacted the market today?
Today marked the 4th day of the structure signals being iffy as they try to tip the volumes bullish just to cancel it right afterwards.
I was starting to get a bit tilted today as I had a bunch of orders at area that didn't get filled and eventually just gave up trying to have a green day and walked away.
looking at some of the other charts, i also we are getting a doji on the longer time frames and it is starting to look like bear's wet dream.
However, Mag 7 stock earnings were really great, the only downside was rate cut isn't happening.
News
*U.S. STOCKS END LOWER, VIX JUMPS AS S&P 500, NASDAQ RETREAT FROM RECORDS DESPITE MONSTER META AND MICROSOFT EARNINGS
What are the critical support levels to watch?
--> Above 6415= Bullish, Under 6403= Bearish
FOMC rate decision 30-07-2025FOMC announced no change to interest rate, but the new tariffs is the major player for the upcoming quarter, we shall see its effect on the economy and corporates earnings soon, then the fed can make better judgment whether to lower interest rate or not.
Disclaimer: This content is NOT a financial advise, it is for educational purpose only.
S&P Market Update – Signs of a Short-Term Correction?Although the S&P remains in an uptrend, recent price action suggests that momentum may be fading.
📉 Key Observations:
A Key Day Reversal occurred at 6409 – a potential warning signal.
We're seeing RSI divergence: price made a new high, but RSI didn’t follow suit.
The market is grinding higher, but without conviction.
📊 What to Watch:
The 15-day EMA, currently at 6317, is acting as near-term support. A close below this level could trigger a short-term correction.
Initial downside targets: 6147–6100, the previous highs from late 2024 and early 2025.
✅ To negate this bearish bias, the market would need to break above 6409 and continue higher with stronger momentum.
Stay alert — the technicals are flashing red flags. Always manage risk accordingly.
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The Fed aftermath. US dollar bulls enjoy the moment.The US dollar bulls went in hard after during and after the Fed's press conference. Can the momentum stay? Let's dig in.
MARKETSCOM:DOLLARINDEX
TVC:DXY
Let us know what you think in the comments below.
Thank you.
75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
Nasdaq Short: multiple reasonsOver here, I present to you the Nasdaq short idea again. For my previous idea, it was stopped out at 23500. This time, I changed the wave counts again, mainly merging the previous wave 5 into wave 3, allowing for the new high to be a wave 5.
On top of that, here are the few other reasons for the short:
1. Fibonacci extension levels: Wave 5 is slightly more than Wave 1.
2. RSI overbought for the 3rd time on the hourly timeframe.
3. Rising wedge false breakout.
4. Head-and-shoulders on the 1-min timeframe.
As usual, the stop for this idea is slightly above the recent high, around 23700.
Thank you.
What a turnaround on copper futuresManipulation? Smells like it, but of course, this is just the market we are currently living in.
Let's dig in.
MARKETSCOM:COPPER
COMEX:HG1!
Let us know what you think in the comments below.
Thank you.
75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
EURUSD targeting 1.10 after breaking key supportEURUSD has finally broken below the key 1.15 level, triggering a move lower in line with earlier expectations. The drop follows the US imposing fresh tariffs on European goods, a move that traditionally strengthens the currency of the tariff-imposing nation.
Supporting the dollar further, the latest ADP and GDP reports came in stronger than forecast, while the Fed remains hawkish despite pressure from President Trump to cut rates. Inflation is expected to rise as tariffs take effect, giving the Fed reason to stay firm.
Technically, EURUSD may still bounce short term but the overall bias is lower. As long as it stays below 1.1653, the bearish case holds. Target zones include 1.10 or even 1.0950, offering a risk-reward ratio close to 3 to 1.
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