“Don’t confuse brains with a bull market” Alan Shaw

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Good morning ☕️

📊 Yesterday’s Market Update video covered much more than just the indices. We looked at: ✅ $SPY ✅ $QQQ ✅ $DIA ✅ $IWM We also checked on crypto — both $BTC and $ETH — and reviewed some AVWAP handoffs setups and key levels.

🗺️Roadmap Futures are quiet ahead of $NVDA this evening and trading with clear levels to the up and downside. Watch for moves beyond the: ⚫️pivots 🔵5-day MAs 🟣WTD AVWAPs 🟠and pivot high/low AVWAPs for clues that the situation is changing.

$HOOD is back over the 🔵🟣🟠 -- that's the 5-day MA, WTD AVWAP, and pivot low AVWAP on the right panel 30m chart -- in a narrowing range, and testing the 8 and 21-day MAs (left panel). A move over $109-$110 would be a breakout that could take it back to $117s, and beyond.

$MDB from the Market Update video trading-adventures.com/p/strong-close…

$MDB earnings reaction and what to watch today.

$TSLA

$HOOD did not trigger an upside breakout. Instead, it's moving lower out of the triangle consolidation. Next potential support is a pivot and the 50-day MA, both near $100.

$META couldn't regain short-term momentum with the 8 and 21-day MAs overhead. There is some price history in this range. But it could have a date with the 50-day MA too, near $733.

$NVDA closed roughly flat on the day with earnings after the bell. The options implied move is appprox. +/- $12 -- shown on the chart. That move higher would take it to new highs. Lower could find support near $167-$169. Cheat sheet attached.

After running nearly 60% from the Aug. 1 lows, $TEM is back below the 8-day MA🟡 and testing the pivot high from mid-May -- $71.97. The 21-day MA🔵is rising up from $67s and will be another potential support level to watch in the coming days.