NESTE is trying to bounce, double top?
That could be counted as a daily TC, but I won’t, because the HL was so small, lasting only one day.
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Yeah, a large area where it’s difficult for algos to latch onto any price point, and on general down days, they probably look for them more from below…
Edit:
It hit that precisely. Although I don’t know how valid this IB data is in this TV.
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OMXH25
NDA_FI daily/weekly/monthly up trend
NESTE daily/weekly/monthly down trend
KNEBV daily/weekly/monthly up trend
FORTUM daily/weekly/monthly up trend
SAMPO daily/weekly/monthly up trend
NOKIA daily/weekly/monthly up trend
STERV daily/monthly down trend, weekly up trend
UPM daily/monthly down trend, weekly up trend
TELIA daily/weekly/monthly up trend
METSO daily/weekly/monthly up trend
WRT1V monthly up trend, daily/weekly down trend
KESKOB daily/weekly/monthly up trend
ELISA daily/monthly up trend, weekly down trend
SSABBH monthly down trend, daily/weekly up trend
ORNBV daily/weekly/monthly up trend
VALMT daily/weekly/monthly up trend
HUH1V monthly/weekly up trend, daily down trend
KCR monthly up trend, daily/weekly down trend
CGCBV monthly up trend, daily/weekly down trend
METSA daily/weekly/monthly down trend
TIETO monthly down trend, daily/weekly up trend
KOJAMO daily/weekly/monthly down trend
OUT1V monthly down trend, daily/weekly up trend
QTCOM monthly up trend, daily/weekly down trend
TYRES daily/weekly/monthly down trend
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VIX already rose above its previous peak of 28.32 (18.12.2024). Rumors are circulating that 50-level options sold very well a few days ago.
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US 10-year has fallen since the beginning of the year - is the specter of deflation looming?
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Are the generals surrendering? Apple still has about 10% downside to August lows
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Fortum is trading above 200, and it’s also apparently a good sign that the twenty-day and fifty-day (moving averages) are still above that level, but below the stock price itself. On the other hand, after breaking through the Bollinger (Bands), Fortum has sometimes faced a counter-reaction, but it could be that the corrective move is moderate and the stock will hover at a high level without significant downward correction.
At this point, I assume that if the somewhat overheated stock were to correct downwards more clearly than usual, it would be due to bad news. If the stock corrects very significantly downwards, even for a reason that something has happened in the world without genuinely affecting Fortum, then I could see it being a suitable buying opportunity in that case.
If the situation regarding the company and the world is stable, then I assume the April dividend dip will be shallow and quick.
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Smart Eye. After a good quarterly report, a gap formed below, which was filled today. With relatively low trading volume, the price was pulled down almost 30%. The target has been reached, will we bounce from here?
Short interest appears to be 1.79%.
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SEYE
46.40 is the POC when viewed from the beginning of the price history.
If you open that gap day, then intraday the upper edge of the gap is 46.60. This would be good to fill as well.
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Could construction start earlier in Sweden/Norway than in Finland? PE ratios are high even for JM, results are due on April 24th. Anyone following?
From a TA perspective, we are approaching daily and weekly oversold conditions, long-term VAL is at the 122 level.
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Apple only about 6% left to August lows
…No volume yet, which would be consistent with bottom-fishing.
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Nike. Earnings today, and I’m interested in this and even bought a position (despite the earnings risk - purchase price @ 73.15 USD). Let’s see how it goes. The stock has fallen almost 60% from its peaks.
But the declining wave is long, and according to wave theory, the last wave number 5 is being made or is already complete. Next would be the turn of corrective waves A, B, and C.
It has been declining for the past weeks, and one motive for this has been the filling of the gap, which is also visible in the weekly chart. On a weekly level now LL followed by HH. From a fundamental perspective, expectations should not be particularly high - EPS 0.30 USD (0.98 USD a year ago) and revenue 11.02 billion USD (12.43 billion USD a year ago).
Edit: Let me add that my interest in the stock has partly stemmed from my children. They must have (expensive) Air Forces on, and otherwise Nike clothes are, at least in their age group, popular.
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S&P futures coming to test the MA200. Will we break through or start a decline?
SPX already rose above the MA200
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Those gaps make me think that this isn’t quite finished yet.
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The autumn before last, there was a somewhat similar situation, which resulted in a long “lock-out” rally, leaving plenty of unfilled gaps along the way.
What connects these is that the S&P had already gone higher on both occasions. This, of course, doesn’t mean the same should happen this time, but rather something to be aware of and keep in mind that this can also happen 
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Yes, that’s true, and it’s difficult to say with certainty at what stage the gaps will be filled. However, what I personally think is that usually, a decline has steps downwards, and as seen from the weekly chart, the steps are missing. But before a new bottom is formed, we might see a significant rise. However, I personally don’t believe in new highs until lower bottoms are made.
On a weekly level, the previous example you provided looked like this, meaning it had clear steps 1 → 5.
And these are not absolute truths, and sometimes exceptions prove the rules. 
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In these situations, one should always also consider volume; yesterday, the S&P500 had a gap up that was not filled, and if there is no volume (yesterday’s lowest trading volume in the past couple of weeks), then the rise will most likely fizzle out and we will at least go to close the gap. Nothing is as certain as uncertainty, but the significance of volume should not be underestimated; volume profile is a good tool for interpretation when looking for possible reversal levels. According to the volume profile, it is possible that if we start to close the gap, we might also drift lower.
The SPY ETF is at the 200DMA line, so in my opinion, the danger is not over, and the S&P500 Futures should be followed on TV with the ticker ES1!; NASDAQ100 NQ1! these are the correct CME futures and Dow Jones is YM1!, other tickers are usually always somehow copied and the volume is at least not accurate. For example, if you trade leveraged products on the S&P500 index, it usually always follows the ES1! futures (in case someone doesn’t know this).
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Below are my TPO notes. Too many apparently went short on Liberation Day.
ES 5704 has been a relatively important watershed in my notes, which was just broken. 5724 and 5758 are targeted above.
EDIT: SKFI, or Info Tech Stocks Above 50MA, has been at low readings for a while now. Similar readings usually occur once or twice a year. Usually, when readings have dropped to around 0-6 (13), sharp bounces have been observed. In bear markets, these readings are tested multiple times. Below are also other Breadth charts that are being monitored.
EDIT2: A few important observations about this price action. The market is currently very rotational, and levels, support/resistance areas, stops, and pivots hit so precisely week after week that it’s presumably short-term traders, as well as algos/market makers, who trade where the edge is best (i.e., usually against retail). For example, movements are not “logical” in relation to news. Price action also tells a lot about the market, such as how sellers suddenly disappear after reaching a level and return when resistance is hit.
Based on these characteristics, I don’t believe this involves long-term position builders, and the traders driving this market are not locked into a specific direction. Therefore, especially for the continuation of a decline, a clearer catalyst would be needed, at which point long-term position holders would sell and short-term momentum traders would move to the same side. At that point, fund managers should also see the risks as such that they reduce their exposure from the current level (NAAIM 57.55).
It is also challenging to see a strong basis for significant long-term increases in equity weights, so consolidation in a very large range is justified. Generally, the gravitational pull in the stock market is upwards, so a short view, in my opinion, requires a clearer catalyst from, for example, data, politics, weakening earnings, or perhaps negative momentum, etc. The failure/holding of the current bottom and the strong bounce from its vicinity have naturally been monitored by traders. Based on seasonality and statistically, April has often been positive before a weak May and the approaching summer. VIX is still above 21, so volatility is high and movements are strong.
EDIT3. Live right now. Trump, with his tariff plans, caused ES to swing -+3.5% up/down in post-market within minutes. A sign of a healthy market.
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Verkkokauppa.com. A prime example of wave theory. An impulse wave 1 → 5, after which it’s the turn of a corrective wave A → C. And now, there would seemingly be no “obstacles” to an ascent.
The fundamentals played out quite amusingly. In the morning, everything was sold off, but then a competitor issued a positive earnings warning (posari) stating that the Nordic electronics market is performing better than before. The morning’s activity was enough for a lower quotation than the previous bottom - i.e., new lows.
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