The Market (1000 Follower Celebration Topics + SLV, TSLA, APPL, GOOG, SOUN, C3.AI Charts)

Good morning everyone, and welcome back to The Market! I'm your host, Alkaline, and it's been quite a while since we've taken a step back to breathe and look at where we are at in markets.

Since the previous official The Market article:

∙ The Spyders have hit all time highs multiple times

∙ Bitcoin reached all time highs

∙ NVDA reached all time highs

∙ We started a few new analysis series

-Deep Charts, Deep indicators, and Active Psychology

∙Tensions in the Mediterranean Sea region have escalated significantly

∙The US has sent over 70 billion to Ukraine

∙China mentioned they are ready to Coordinate with Russia over the Middle East Crisis

∙The US Credit Card Debt rose higher than it was in 2008 and grows by 1 Trillion every 100 days

∙Housing unaffordability is the highest on record

∙Gold closed over all time highs

∙We grew over 500 followers and are currently at 980 followers

∙I released multiple articles relating to markets and charting

∙ I was awarded MooMooer of 2023

∙ I became MooMoo's newest and smallest (by follower count) Moo Contributor

And much more has happened since our last The Market on New Years Day and the previous full The Market article, too much to write about now. If I could program a bot to track and organize world events as they occur I would lol. Actually that sounds like a really cool project to do. Anyways, we have a lot to catch up on so lets get into the charts.

Before we do though, I want to say thank you for all the support you have shown me as we continue to grow larger as a platform on MooMoo. Although it's just me, I say "we" because I would not have gotten this far in the markets and on MooMoo without the support from the followers and those who like, comment, view, and share my articles. So this is our accomplishment together.

-

About the 1000 Follower Special:

-It will be strictly for followers. There will be no tags on the post, so you won't be able to find it in the comments of other stocks.

-I will be talking about the following topics:

1. Resources I use (some known, some "you just have to know about it" or niche resources)

2. My full list of TradingView indicators and the ones I use the most

3. A TradingView Strategy I have backtested and used

4. My full TradingView Format Settings

5.Other resources that helped me in markets

6.Social Media Users I Follow For News

7.My MooMoo Watch List

8.My Updated MooMoo Float Screener

9. A Q. and A. section

10. Ortex Live Short Interest Data for Popular Stocks

You won't want to miss this post! Again, it will only be for Followers. I will not be posting any tags in the article so if you want all the information above, drop a follow and stick around :)

SPY Daily

The SPY has been absolutely ripping into the highs, forming a rising wedge / channel so to speak.

However, we have closed below the channel and retested it to the upside yesterday. I would not call that a significant retest yet.

I am going to make a mark where the trend line is and see if the market can close above it on the day for more upside. If not, this could be the start of a reversal. The probability of a reversal here is neutral but more probable than more upside for now.

The RSI is also beginning to tick to the downside

SPY 4 Hour

There is a possible sell side imbalance here. Buyers will need to break through the trend to reach it. This is not a huge imbalance so the buyers may not be targeting it just yet. If they do though, they will need to close above the trendline on the 4 hour at least. A close above the trendline on the daily will give me the most confidence we might revisit the imbalance.

SPY 1 Hour

Same goes for the 1 hour, although we are more extended to the downside on the RSI than on the 4 hour.

Spy 5 Minute

The market looks strong here. The RSI is higher neutral and looks like the buyers are trying to load something here. However, there are some sellers up there waiting. Could this be an indicator for a retest of the trendline? There is a high probability of an upside move to the sellers up there.

Tesla Daily

It has been forever since we last charted Tesla! I don't even remember the last time I posted the levels and charted it out. Some of you remember I used to use yellow trend lines, but have since switched over to black, white, light blue, and purple.

Tesla, from a quick glance, looks like it wants more to the downside, however the RSI is building up and we are in an overall neutral zone from the lower highs and the lower lows.

There is a partially filled upside gap that the sellers might want to fill on the daily at the $154.30 level for now. The probability the gap is filled increases the closer we get, however sellers will need more volume. I don't see a lot of levels for buyers to hook onto. Crazy how accurate my levels have been since we last charted tesla.

Tesla 4 Hour

Here it looks a bit more bearish. In March, Tesla filled the imbalance to the downside, but rejected off the $205.56 level EXACTLY that we mentioned a while ago. The price fell to the next level, attempted to find support but failed forming a weak bear flag. The next level of support I found is down there at $137.69. Could the bears fill the gap and push to the level? The probability is neutral for now on the 4 hour.

Tesla 1 Hour

Buyers are finding some support here at the $156 range but will need more volume for further upside.

Tesla 5 Minute

This must have been news. I doubt this move was as a result of technicals alone. Not sure of what caused it, but there was a large dip yesterday before market open. If I had to guess, I would probably say it would have to do with factory orders, the cyber truck, or geopolitcal tensions. Either way, Tesla was not able to recover yesterday. There are some closely positioned buyers and sellers. One will need to get taken out for more upside or downside on the day. On the 5 minute so far, it looks like the sellers are holding up, but Tesla bulls are known for highly volitile moves, so we could just as easily see a reversal upside on the day. Right now, Tesla looks sideways at the $165 level.

Apple Daily

It has been even longer since we last looked at Apple. From the chart, it sort of looks like Tesla did before its second move down. It's not an exact replica, but the push up, rejection, push down, rejection and now guiding lower is what I am referring to from the chart. However, Apple has more stability than Tesla, and we might see some support from the $167.67 level.

Apple 4 Hour

There is an imbalance on the 4 hour, although similar to the SPY 1 hour, it is not a big imbalance. Buyers could try to find some support here for another upside move if they use the $167.67 level as support.

Apple 1 Hour

Buyers look like they want to get the tape going here for more upside. Although the probability is still lower than it would be to move sideways for a bit.

Apple 5 Minute

Buyers entered, but there are sellers in the way. Overall, not much to say about Apple. The buyers will need to get through the selling liquidity for more upside and it looks like they want to try. Whether or not Apple can find enough strength here for more upside is a guess to say the least.

Google Daily

Similar to Apple and Tesla, I cannot remember the last time we charted Google. It looks like our levels have been charted just as accurately and Google is above resistance. In contrast to Apple and Tesla, Google has actually been doing well! There is a lot more upside potential with Google should their earnings come out bullish.

Google 4 Hour

A great inverse head and shoulders on the 4 hour and played out into the highs above the neckline back to the upper base of the pattern. Google might want to retest the $151.86 level before pushing further to the upside, however if they do and reject it I don't see why Google won't want to continue to move up from a technical perspective. Not much else on the charts for the 4 hour here.

Google 1 Hour

Google found resistance at the $153.04 level, but turned it into resistance and now is trying to find support at the $154.26 level. These are short term supports so if they break it would not give me enough confidence that Google will start to reverse to the downside. As long as it rejects and closes above $151.86 I will see Google as in a bullish trend for more upside.

Google 5 Minute

There are some sellers at the high, not a surprise to me, and buyers entered yesterday and on the open today. Looks to me like these buyers still think there is room for a retest to the downside for more upside if they kept their positions in the form of liquidity on the 5 minute for more than 1 day. I think Google will want to revisit this liquidity on the week. Again, if the buyers come in for the price to retest and reject the liquidity, then I think we are still bullish. If we see this play out, I think it's actually a B to B+ setup for longs. However, I want to see Google reject off of significant levels and not just liquidity at the highs for more confidence of a further upside move.

iShares Silver

Look at that symmetrical wedge! Extending since may of 2020 and forming the tip of the flag pole in the same year. I think this could be a huge indicator for a move upside with the iShares Silver ETF.

Although this could be the retest and rejection we would want to see for more upside, as well as the buyers coming in at the right level, I would be grateful for one more retest to the downside. Whether or not it is too late to get in I have yet to decide for myself. Overall, this ETF looks SOLID (no pun intended).

Soundhound Daily

Oh, it looks like TradingView removed my levels and trendlines. Let me readd those quickly.

That looks better. SoundHound is one of my favorite stocks so let me break it down for you.

Support levels:

$1.00

$2.40

$4.07

$4.97

$5.11

Resistance levels:

$8.71

$10.27

From the daily chart, there are some buyers at two key support levels. $5.11 and $4.97. If you remember from our Deep Dive, the $5 price on SoundHound is a MASSIVELY SIGNIFICANT level. SoundHound had rejected off of $5 with volume twice. That tells me there is, or was, a lot and I mean a lot, of resistance at that level. Even during the AI Boom, SoundHound hardly caught a piece of it relative to other stocks such as C3.AI. SoundHound eventually did find its footing, but quickly rejected off the highs because the company is still (unfortunately) unprofitable. However, the CEO of SoundHound, I think, predicted that the company would start to realize actual profitability in Q4 of this year. Don't quote me, and please fact check that as if he did say that, then I might be looking at buying the dip.

SoundHound 4 Hour

Lots of sellers on the 4 hour chart. However, SoundHound is finding support near the bottom of the $5 range as expected. At this level, investors are going to make up their mind of whether or not SoundHound should be or shouldn't be not only a penny stock, but whether or not it is a good long term hold. The probability of more downside should the sentiment turn bearish is large. The probability of more upside if investors decide that SoundHound is a solid buy is infinite (meaning it will most likely squeeze for weeks). The probability of moving sideways as investors make up their mind is the highest out of all the other outcomes. The probability of SoundHound moving up from the technicals is higher than moving lower. The probability of SoundHound gapping down has yet to be determined by which way the volume will pick up on the week and month.

SoundHound 5 Minute

No significant buying liquidity on the charts yet. Only sellers. Possibly trying to close the price below $5 on the day. I want to see the buyers come in with volume on the higher time frames if I want to buy the dip.

C3.AI Daily

C3.AI, another one of my favorite stocks, has seen its fair share of rejections to the upside. Actually, this chart looks better to me.

There was a huge cup and handle that did not play out entirley, infact it never got back to the beginning of the handle. However, if this is a cup and handle fail, it is resulting in a bullish flag / falling wedge. Although I think the flag has played out for too long, as long as C3.AI continues to make lower highs, then the falling wedge will continue to form. This could result in another break to the highs. I might actually grab a position here just to see what happens. There are a lot of sellers around the higher lows and the top of the tendline, and buyers focused at the $24.76 level on the Daily. All things considered, this level would be a B- to B entry point given the higher lows and the wedge. However, it would become a B to B+ if we reject off the $22.43 level and an A- entry if we reject off the $20.44 level as $20 could act as a stronger significant level of support for the buyers. The RSI though is not overextended yet to the downside. I think one more carefully closed candle for the RSI to approach overextention on the daily chart could be the A to A+ setup I would look for depending on where we close.

-

Phew! This took a while to write. I apologize if a lot of it isnt as organized as it could be. I have not charted Tesla, Apple, Google, SoundHound, or C3.AI in a while so there could be levels I missed or other patterns that might have not stuck out to me as I wrote this article.

I know I left out Bitcoin, a chart I have been paying closer attention to these days. The reason I chose to not include it is because I will make a charting update later. I like to go indepth with my Bitcoin charts and there would have been too much to talk about while trying to stay consistent in my writing.

Regardless, it was great to take another look at the charts for Tesla, Apple. Google, SoundHound and C3.AI as I should be doing that more regularly. Especially the larger tech stocks, as they have the potential to move markets.

I hope you all have a great week and I am very bullish on achieving our 1000 Follower goal we set at the close of Q4 last year. You won't want to miss it and as mentioned I will not be including any tags on the article I write for you all. It's my way of giving back to the Followers, and as such that is who the indended audiance will be.

At the time of writing SPY is at $520.90,, Tesla is at $167.60, Apple is at $170.52, Google is at $155.51, Silver is at $24.41, SoundHound is at $5.24, and C3.AI is at $25.44.

Thank you for the the support and for reading. I will post the Bitcoin Charts after we hit the 1000 Follower goal.

Enjoy your week in the market