Art of Speculation
Art of Speculation|Aug 12, 2026 03:22
The market continues to fluctuate, so we won't chase higher for now. We'll wait for the key position before making a move There hasn't been much change in overall thinking today. The overall market is still in a high-level consolidation stage, with a slight decline in short-term momentum, but there is currently no clear trend reversal to be seen. SPY SPY has already fallen below 21EMA in one hour, and short-term momentum is beginning to weaken, but the overall daily chart can still be seen as a Bull Flag. The following positions are crucial: 1. 776.85 is the breakthrough position above, and standing up again is necessary to confirm that the bull flag continues to rise. 2. The first defense below is at 767, and if it cannot be held, the pullback is likely to continue to expand. The position I would like to buy is around 760, which resonates with the daily 21 EMA and other technical support. The odds would be much more comfortable to chase higher than they are now. So SPY is currently above 767 and will continue to fluctuate and consolidate, breaking through 776.85 to strengthen again. If you kill downwards, 756-760 is the better low suction area. QQQ There is clear technical resistance above, but there is still some room for improvement from the daily EMA 21, so I won't rush to chase technology stocks here. It is more ideal to wait for it to approach the EMA 21 708 area near 701. I still have too many directions. NVDA NVDA's momentum has significantly decreased now. The most important area below is around 214+the daily EMA 21 zone. And it's not too far from the financial report, so I prefer to wait for a real comeback here and not chase high. If the price near 214 can stop falling and a bottom signal reappears, I will go long again. TSLA TSLA has now basically reached the first target area set before. Near 342, there is a significant dual resistance formed by the daily EMA 21, and short-term momentum has become somewhat weak. So the odds for continuing to chase here are average. If I am pushed back by 342, I am more concerned about the weekly strong support zone of 300-315 below. If there is a rebound in this area, it will be a very comfortable position to add positions. On the other hand, if TSLA can break through 342 strongly, the next step is to continue looking at the gap of 371 above. PLTR After the PLTR financial report, it has risen by nearly 30% and entered a clear high-level sideways trend in the short term. At present, there is no real top reversal structure, so there is no need to go short just because it rises too much. But this place is indeed very stretched out. I will keep an eye on EMA 21 for 1 hour. If there is a significant bearish candlestick later on and the 1-hour EMA 21 is effectively breached, then the momentum after this round of financial reports is likely to begin to cool down, and we can wait for a deeper retracement or even retest the daily EMA 21. META The trend after META's financial report is very standard. First step back on the support, then rebound again, while completing some gap filling. However, now we have encountered pressure near the daily EMA 21 again, so we have to go all the way back and fill all the gaps at once. I think it is quite difficult. The next healthier trend is to oscillate around the daily EMA 21 and then make another retracement to consolidate. We can still observe the gap targets around 624 and 660 in the future, but don't expect them to be achieved in one step.
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