SmartReversals📈

$NVDA: Oversold extreme relative to the lower Bollinger Band while finding support at the 200DMA. This setup has produced 5 bounces year-to-date (two visible on the chart). Support gave way only once, during the sharp selloff in March, then NVDA bottomed 7 trading days later.

$QQQ: Massive volume on today's candle that breached the lower Bollinger Band while leaving an unfilled overhead gap that should act as an upside magnet next week. An oversold relief rally is imminent.

$AMZN: Price has reversed its initial post-earnings reaction: February 2026: Flushed, then rally. May: Gapped higher, then cratered. July: Spiked, then sold off. Today: Flushed hard. Relief rally next? Most likely, today's gap fill attempt adds references to the thesis.

$AAPL: Indecisive price action at the upper Bollinger Band has triggered declines to at least the 20DMA. This time should be no different, with 338 in sight.

$SPX: Indecisive action on Friday, but the price is not oversold. Every day, I send modeled levels for the next session via email (join the list using the link in bio). For Monday: Bearish below 7,632, targeting 7,603 and 7,583. Hard resistance at 7,647.2, then 7,651.9 follows.

$QQQ: Indecision at the lower Bollinger band after reaching oversold conditions. A technical bounce is likely, but the challenge is to surpass the red zone to validate any rebound.

$GOOG: The stock has cratered -21% from its peak and oversold, the P/E ratio sits at 2022 lows, and revenue and EBITDA continue to grow. Will capital expenditures per share continue to pressure the stock?

$IWM: Bullish move today, but lacking conviction. The critical 20DMA is being tested, the line that has dictated the trend over the last four weeks. Is this a breakout, or is it rinse and repeat? The doji suggests the second.

$SMH: Recent bounces from the lower Bollinger band have vanished in the first attempt. Since price action lacked bullish conviction today, there are good chances that this time the lows will be revisited.

$SMH: The bounce in tech was mostly driven by semiconductors. However, that red candle shows everything but conviction, not to mention the low daily volume.

$QQQ: The relief bounce mentioned happened as expected, now the move must prove its strength. Worth noting: Price action lacked conviction today, reversing from the highs and volume was low.

$DRAM: As mentioned on Thursday morning when the stock was selling off in premarket: "be careful chasing the bearish move with shorts". The stock indeed squeezed bears; the gap was gigantic, and the price was/is quite oversold.

$QCOM: As mentioned, this one looked bouncy, it was resilient on Wednesday, and the rally on Thursday was very constructive.

$NVDA : From the upper Bollinger band to the lower one; this time was no different 🎯. The new gap at 218.5 will act as a magnet, and the strength of the bounce will be determined by recovering key levels, 219.5 for a starter... and without gaps.

$DRAM looks oversold relative to the bands and the oscillator curling up at oversold zone has been constructive lately.

$GOOG: The Bollinger Band continues to act as resistance, but the higher lows indicate that the bounce is still in play. If we see a breakdown from this narrowing price action, the stock will open up an even better entry opportunity.

$META: As mentioned recently, do not be too bearish when the 20DMA is reached. The decline was just a reset after breaching the upper band. The breakout looked solid, and price action is validating that thesis.

I'm watching closely $QCOM. Part of the stocks tracked daily for Founding members, this one is showing constructive bounce signals. The key levels to validate the bounce are in the comments of this post.