Today's technical update: There are signs of a halt in the market's decline, but the reversal is still one final step away 1、 SPY: EMA 20 rebounds, 767 is a long short watershed SPY experienced a technical rebound near the daily EMA 20 today, indicating that there is indeed a bullish takeover here, but the end of the adjustment has not been directly confirmed yet. The most important position next is still 767-768. This was originally a preliminary support, but after falling below it, it has transformed into resistance, and it is also a potential neck line area for the head and shoulders of the 1-hour level. If SPY can re stand at 767.8, it is best to confirm the daily closing, and the short-term structure can shift back to Bullish, and then look at the previous high area above. If there is another rebound near 767, it indicates that it is still a technical rebound near EMA 20. Continue looking at the support band 756-760 below. 2、 QQ: Hammer is out, waiting for confirmation on 715.7 QQ also gained support near the daily EMA 20 today and closed a Hammer, indicating signs of a short-term halt in the decline. However, a single Hammer can only indicate that there is buying interest below, and further price confirmation is needed. I am currently paying attention to the price of 715.7. This is both near today's high point and near the 1-hour EMA 20. Only by breaking through and stabilizing at 715.7 can a short-term Higher High be formed, and the probability of forming a temporary bottom in this round of adjustment will significantly increase. If the breakthrough fails and goes down again, continue looking at the 701.59 gap below. At present, the status of QQ and SPY is actually similar: there are signs of a halt in the decline, but the reversal has not been confirmed yet. 3、 NVDA: Support near 214, but do not bet on direction before financial report NVDA has returned to the vicinity of the daily EMA 20+214 that I had been following before. From the perspective of position, we have already entered the hitting zone, but the biggest problem now is that the financial report is about to arrive. My discipline is Swing Trade not to bet on financial reports. If the financial report can hold at 214 and there is a clear reversal structure, I will consider going long on the right side. If the financial report falls directly below this level, I will focus on the next level around 200. 4、 TSLA: Continue to strengthen, but this position is not suitable for chasing TSLA performed strongly today, with a daily increase of nearly 5%, and is currently filling the gap around 372.9. The trend is not a big problem, but after this round of rise, the profit and loss ratio of newly opened positions is no longer as comfortable as before. So I won't chase after it here. Those who already have positions can continue to let profits run, while constantly pushing up stop losses. A relatively simple method is to refer to the previous trading day's low point or short-term EMA to make a Trailing Stop. 5 PLTR PLTR still maintains a relatively complete upward trend. After successfully holding on to the area around 168.35, we are now rebounding upwards. First, let's look at the pressure around 182.5. As long as the daily EMA 20 and 168 have not been effectively breached, we should still understand the pullback as a normal consolidation in an upward trend. If the volume breaks through 182.5 in the future (today's fake breakthrough has fallen back, and we still need to consolidate and accumulate strength), there is still a possibility for the short-term trend to continue accelerating. 6、 Overall Approach Today's overall market is significantly better than the previous two days, with both SPY and QQQ showing buying activity near their key moving averages, and short-term signals of a halt in the decline have begun to emerge. But we still need one more step to confirm. SPY watches 767-768, QQ watches 715.7. If these two positions are re established, I will increase my short-term long position again. If it cannot make it through and falls back again, SPY will continue to watch 756-760, and QQ will continue to prevent 701.6.