Category: Stock & ETF Research

NVDIA Corp. stock trades under the ticker NVDA and has advanced +68.27% over the past year, rising +76.1% since their 52-week low in February of 2024, but has declined -23.82% since their 52-week high on January 7, 2025 (excluding dividends).

The past six days have proven difficult for NVDA, as despite hitting a fresh 52-week high in early January, the news about DeepSeek, tariff jitters & concerns about Federal Reserve policy have all contributed to volatility for the high flying stock that was one of the darlings of 2024.

Yesterday was especially tough, as they gapped down to open below their long-term trend line (200 Day Moving Average), which may signal that there is a large shift on the horizon for NVDA, as well as other names in the technology & A.I. space.

With that in mind, it is important to understand the strength of NVDA’s support & resistance levels in order to get an idea as to how they may trade in the future when prices retest these levels.

Below is a brief technical analysis of NVDA, as well as a price level:volume sentiment analysis of the price levels NVDA has traded at over the ~1 year.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NVDA.

Technical Analysis Of NVIDIA Corp. NVDA Stock

Their RSI is trending toward the oversold level at 30 & sits currently at 36.81, while their MACD has been bearish for the past week & its histogram is becoming more bearish after yesterday’s -2.84% decline.

Volumes since last Monday have been +38.49% higher than the prior year’s average (508,360,000 vs. 363,455,360), which is a bad sign given that most of that volume has been during declines & consolidation moves.

It is also worth noting that the major index ETFs have had far less volume over this time period, SPY’s last week was -5.93% lower than the prior year’s average, QQQ’s was +3.59% above its average, IWM was -16.66% lower than its average & DIA was -16.99% below its prior year’s average (per last week’s market review note).

That’s a pretty large discrepancy in volume between the indexes & NVDA & should be a cause for concern & something to keep watch of in the coming weeks.

Last Monday’s gap down was written in the stars after the preceding Friday’s high was unable to break above the second highest resistance level of the past year & the day’s candle formed a bearish engulfing pattern with the day prior.

Monday opened on a gap down that skipped through the 10 & 50 day moving averages, tested higher but was unable to touch the $129.51/share resistance point & prices broke down to cross the 200 day moving average’s support bearishly & close beneath it.

The lower shadow on the day’s candle also indicates that there is more downside appetite, but for the day the bulls were able to push prices above it.

Monday’s declining volume also eclipsed all but 3-4 sessions of the previous year based on a quick glance at their chart; sentiment has become questionable.

Tuesday NVDA opened in-line with its 200 day moving average, went lower than Monday’s lowest price, before the bulls stepped in to push prices higher for a gain on the day & a close above the resistance of the 200 day moving average.

Crisis was not averted though, as Wednesday opened lower near the middle of Tuesday’s candle’s real body & broke downward through the 200 DMA’s support, before climbing back up to close just above it, but with a lot of room to the downside covered by its lower shadow.

While Tuesday featured a lot of folks jumping back into the pool, Wednesday saw ~80%+ of that volume as declining, so there is quite a bit of uncertainty in the volume sentiment locally.

Thursday opened on a gap lower, broke down through the long-term trend, but was able to muster up the bullish support to power higher & close the day as an advancing session.

However, two notes of caution: A) that candle resembles a hanging man, but since it is in a consolidation range & not marking a top or bottom it is not a true hanging man (bearish) & B) volumes declined so much from the beginning of the week that it is hard to find anything to be enthusiastic about in terms of losing bearish sentiment.

Friday this was confirmed when NVDA opened slightly lower, pushed higher but got stopped at the $127.85/share level, before puking to close below the 200 DMA.

Monday saw NVDA take another leg lower on an opening gap down to below the $115/share mark & on light volume compared to the prior five days bulls were able to push the prices higher throughout the session to close above their open, but well below Friday’s close & its low.

Monday’s moves also flash a caution sign as the day closed above where it opened, but with that weak of volume vs. the previous five days there was not much bullishness to the move & it seemed more like cautious dip buying & perhaps some monthly rebalancing that was taken as a result of the lower prices.

The next support level to keep an eye on is $115.13, which will be where most market participants’ attention will be for the next week, particularly as over the past year it has been relatively even in that price zone between Buyers & Sellers.

Another area of focus will be the 10 & 200 day moving averages, as after today’s session 5 of the past 7 sessions closed below the long-term trend line & a bearish crossover appears imminent unless prices get squeezed higher.

Should this happen there will be some interesting movement for NVDA’s prices, as the bearish signal may be the catalyst that pushes prices down into a densely concentrated zone of historic Seller dominance over Buyers, which would then allow the 50 DMA time to catch up & also death cross.

There are no support levels between the $115.13 & $100.93/share levels, making it a potential slippery slope, especially when combined with Seller dominance from the $111.99-$97.99/share zone.

It is also worth noting in the section below that there is a NULL zone from $96-97.99/share & that the $95-95.99/share zone is Buyer dominated, but relatively untested as the Seller portion of the ratio (denominator) is 0.

The following section lays out NVDA’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~1 year, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

Price Level:Volume Sentiment Analysis For NVIDIA Corp. NVDA Stock

The top table below shows the support & resistance levels of XLI from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~1 year, using Monday 2/3/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level NVDA has traded at over the past ~1 year.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NVDA.

$154 – NULL – 0:0*, +32.01% From Current Price Level

$152 – NULL – 0:0*, +30.29% From Current Price Level

$150 – NULL – 0:0*, +28.58% From Current Price Level

$148 – Buyers – 3:0*, +26.86% From Current Price Level

$146 – Buyers – 3.38:1, +25.15% From Current Price Level

$144 – Buyers – 1.07:1, +23.44% From Current Price Level

$142 – Sellers – 2.33:1, +21.72% From Current Price Level

$140 – Sellers – 1.46:1, +20.01% From Current Price Level

$138 – Buyers – 1.65:1, +18.29% From Current Price Level

$136 – Buyers – 2.21:1, +16.58% From Current Price Level – 50 Day Moving Average*

$134 – Buyers – 1.31:1, +14.86% From Current Price Level

$132 – Sellers – 2.08:1, +13.15% From Current Price Level

$130 – Sellers – 2.03:1, +11.43% From Current Price Level – 10 Day Moving Average*

$128 – Buyers – 6:1, +9.72% From Current Price Level

$126 – Sellers – 1.6:1, +8.01% From Current Price Level

$124 – Buyers – 2.86:1, +6.29% From Current Price Level

$122 – Sellers – 1.08:1, +4.58% From Current Price Level – 200 Day Moving Average*

$120 – Sellers – 1.6:1, +2.86% From Current Price Level

$118 – Sellers – 1.16:1, +1.15% From Current Price Level

$116 – Buyers – 1.33:1, -0.57% From Current Price Level – Current Price Zone*

$114 – Even – 1:1, -2.28% From Current Price Level

$112 – Buyers – 1.18:1, -3.99% From Current Price Level

$110 – Sellers – 3.1:0*, -5.71% From Current Price Level

$108 – Sellers – 1.85:1, -7.42% From Current Price Level

$106 – Sellers – 1.3:1, -9.14% From Current Price Level

$104 – Buyers – 2.62:1, -10.85% From Current Price Level

$102 – Sellers – 1.03:1, -12.57% From Current Price Level

$100 – Sellers – 2.4:0*, -14.28% From Current Price Level

$99 – NULL – 0:0*, -15.14% From Current Price Level

$98 – Sellers – 1.8:0*, -16% From Current Price Level

$97 – NULL – 0:0*, -16.85% From Current Price Level

$96 – NULL – 0:0*, -17.71% From Current Price Level

$95 – Buyers – 1.4:0*, -18.57% From Current Price Level

$94 – Sellers – 1.29:1, -19.42% From Current Price Level

$93 – NULL – 0:0*, -20.28% From Current Price Level

$92 – Sellers – 1.6:0*, -21.14% From Current Price Level

$91 – NULL – 0:0*, -22% From Current Price Level

$90 – NULL – 0:0*, -22.85% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NVDA STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLI, the Industrial Select Sector SPDR Fund ETF has had a strong year, advancing +20.69% Y-o-Y, including a 22.09% gain since its 52-week low in January of 2024 & sits currently just -4.65% below its 52-week high set in November of 2024 (all figures distributions).

Some of XLI’s biggest holdings include General Electric (GE), Caterpillar Inc. (CAT), RTX Corp. (RTX), Honeywell International Inc. (HON), Uber Technologies Inc. (UBER), Union Pacific Corp. (UNP), Eaton Corp PLC. (ETN), Boeing Co. (BA), Automatic Data Processing (ADP) & Deere + CO. (DE).

Industrials had a difficult December, but were able to bounce back temporarily during January, but have not found stable footing to continue their advance.

Monday’s gap down session also did not help the floundering sector ETF & it will be interesting to see what happens to XLI as earnings season continues.

Below is a brief technical analysis of XLI, as well as a price level:volume sentiment analysis of the price levels XLI has traded at over the ~2-3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLI.

XLI, The Industrial Select Sector SPDR ETF’s Technical Performance Broken Down

Their RSI is trending back towards neutral & currently sits at 53.65, while their MACD is bullish, but has curled over heading bearishly towards the signal line & their histogram is signaling weakness after Monday’s gap down session.

Volumes over the past week & a half have been +4.55% above the prior year’s average level (8,872,857.14 vs. 8,486,944.44), which is a slight cause for concern given that most of those sessions have shown declines.

Last Tuesday opened up the short holiday week on a gap up session following the previous Friday’s doji close.

Tuesday’s advance also came on the highest volume that XLI has seen so far in 2025.

Wednesday there was some profit taking after XLI opened on a gap up but wound up closing the session lower, before Thursday saw another advance.

Both Wednesday & Thursday were on light volumes, indicating that there was some hesitancy among market participants & signaling that there was a high likelihood that the window created by Tuesday’s session was likely to be closed soon.

Friday confirmed this, when XLI opened slightly below Thursday’s close & continued down to close below Thursday’s opening price & showed a lower shadow that indicated that there was more downside appetite.

Monday the fireworks started as the session opened on a gap down with the second highest volume of 2025 to date & the day resulted in a spinning top.

While the session managed to close higher than it opened, there was still a lot of uncertainty & negative sentiment given that the day’s candle was a spinning top & the declining volume was so high.

This theme continued on Tuesday when XLI opened higher, but began to decline & tested & broke through the support of the 10 day moving average, but managed to close relatively in-line with it on volumes that eclipsed most of the previous week’s.

Tuesday’s candle formed a bearish engulfing pattern with Monday’s & signaled that there is further weakness on the horizon for XLI.

This was confirmed Wednesday, when sellers came out in larger numbers than the previous day to test the 10 DMA’s resistance, get rejected & continue lower for a decline of -0.34%.

XLI’s price is now between the 10 & 50 day moving averages where it is likely to stay for the coming days in a consolidation range unless there is news on the earnings or economic data front that force a breakout in either direction.

Any upside movement will require a significant increase in volume to remain sustainable in the wake of the recent sell-off of XLI.

It is also important to note that once prices break down below the $137.13 support level there is no support for another -3.12% & the entire walk down is through price zones that over the past ~2-3 years have been dominated by Sellers.

It is also worth noting that the 10 DMA’s resistance is in a historically Seller dominated zone as well, which will make it more difficult to break out from.

The following section lays out XLI’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~2-3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

Price Level:Volume Sentiment For XLI, The Industrials Select Sector SPDR ETF

The top table below shows the support & resistance levels of XLI from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2-3 years, using Wednesday 1/29/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLI has traded at over the past ~2-3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLI.

$144 – NULL – 0:0*, +4.51% From Current Price Level

$142 – Buyers – 3:1, +3.06% From Current Price Level

$140 – Buyers – 4:1, +1.6% From Current Price Level

$138 – Sellers – 1.83:1, +0.15% From Current Price Level – 10 Day Moving Average*

$136 – Sellers -1.63:1, -1.3% From Current Price Level – Current Price Level & 50 Day Moving Average**

$134 – Sellers – 1.06:1, -2.75% From Current Price Level

$132 – Sellers – 1.06:1, -4.2% From Current Price Level

$130 – Sellers – 2.25:1, -5.65% From Current Price Level

$128 – Buyers – 3.67:1, -7.11% From Current Price Level – 200 Day Moving Average*

$126 – Buyers – 2.56:1, -8.56% From Current Price Level

$124 – Buyers – 1.38:1, -10.01% From Current Price Level

$122 – Buyers – 1.09:1, -11.46% From Current Price Level

$120 – Buyers – 1.2:1, -12.91% From Current Price Level

$118 – Sellers – 2.24:1, -14.36% From Current Price Level

$116 – Buyers – 5:1, -15.81% From Current Price Level

$114 – Buyers – 2.5:1, -17.27% From Current Price Level

$112 – Buyers – 3.33:1, -18.72% From Current Price Level

$110 – Sellers – 1.03:1, -20.17% From Current Price Level

$108 – Buyers – 1.14:1, -21.62% From Current Price Level

$106 – Buyers – 1.73:1, -23.07% From Current Price Level

$104 – Buyers – 1.19:1, -24.52% From Current Price Level

$102 – Buyers – 1.21:1, -25.97% From Current Price Level

$100 – Buyers – 1.77:1, -27.43% From Current Price Level

$99 – Buyers – 1.24:1, -28.15% From Current Price Level

$98 – Buyers – 2.32:1, -28.88% From Current Price Level

$97 – Buyers – 1.38:1, -29.6% From Current Price Level

$96 – Buyers – 1.04:1, -30.33% From Current Price Level

$95 – Sellers – 1.1:1, -31.05% From Current Price Level

$94 – Sellers – 1.57:1, -31.78% From Current Price Level

$93 – Sellers – 1.85:1, -32.51% From Current Price Level

$92 – Sellers – 1.08:1, -33.23% From Current Price Level

$91 – Buyers – 1.25:1, -33.96% From Current Price Level

$90 – Sellers – 2.5:1, -34.68% From Current Price Level

$89 – Even – 1:1, -35.41% From Current Price Level

$88 – Sellers – 1.87:1, -36.13% From Current Price Level

$87 – Buyers – 1.17:1, -36.86% From Current Price Level

$86 – Sellers – 1.1:1, -37.59% From Current Price Level

$85 – Buyers – 1.39:1, -38.31% From Current Price Level

$84 – Sellers – 1.73:1, -39.04% From Current Price Level

$83 – Sellers – 1.23:1, -39.76% From Current Price Level

$82 – Sellers – 1.8:1, -40.49% From Current Price Level

$81 – Sellers – 2.2:0*, -41.21% From Current Price Level

$80 – Sellers – 1.4:0*, -41.94% From Current Price Level

$79 – NULL – 0:0*, -42.67% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLI AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLF, the Financial Select Sector SPDR Fund ETF has had a solid year, gaining +27.24% over the past year & +30.83% since their 52-week low in January of 2024, while sitting -6.35% below their 52-week high set in November of 2024 (all figures ex-distributions).

This is attributed to the strong performance among the financial sector over the past year, as banks for the most part have had a great year up until the past month.

Some of their biggest holdings include Berkshire Hathaway Inc CL B (BRK/B), JP Morgan Chase & Co. (JPM), Visa Inc Class A Shares (V), Mastercard Inc Class A (MA), Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS), American Express Co (AMEX), Morgan Stanley (MS) & S&P Global Inc. (SPGI).

Since early December there has been a bit of weakness showing in the financial sector, and with earnings season kicking off next week for many of the banks it is worth examining how market participants have behaved previously at different price levels.

This can be beneficial for understanding & assessing the strength of support/resistance levels that may be tested in the coming weeks as these companies begin to report earnings, as well as for when other companies across other sectors report as well.

Below is a brief technical analysis of XLF, as well as a price level:volume sentiment analysis of the price levels XLF has traded at over the ~16 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLF.

XLF, The Financial Select Sector SPDR Fund ETF’s Technical Performance Broken Down

The RSI is trending lower just below the neutral 50 mark & sits currently at 44.33, while their MACD is bearish, but has flattened out & is moving towards the signal line with its histogram waning after their past week & a half’s consolidation.

Volumes over the past week & a half have been -8.83% lower than the previous year’s average level (37,200,000 vs. 40,804,007.94), which reflects caution given that they’ve been consolidating & that the past nine months have seen much lower volumes than the previous years’ average levels.

Another area to note about their recent volumes is that the declining volumes have been eclipsing the advancing volumes, as it appears that the bulls are either becoming exhausted or have been collecting their profits in the wake of the post-election gap up from early November that greatly benefitted XLF.

Last Monday XLF resembled the major four indexes (SPY, QQQ, IWM & DIA), as the week kicked off on a gap down below the support of the 10 day moving average & the session resulted in a high wave doji, setting the stage for the consolidation range that they’ve traded in since.

XLF was unable to break above the resistance of the 10 DMA & showed that market participants had the appetite to send it below $48/share briefly after the week prior’s brief rally higher.

Tuesday opened on a gap up to be in-line with the 10 DMA & was able to briefly break out above it, but the rest of the session resulted in tested lower, including to below the open/close of Monday’s session before ultimately closing above it, but below their opening price, indicating more bearish sentiment.

Thursday confirmed this, as the session opened higher above the 10 DMA & made a run at the 50 day moving average’s resistance, but came up short & wound up retreating down to below the $48/share level before settling just below the resistance of the 10 day moving average, forming a bearish engulfing candle pattern with Tuesday’s session.

The weak sentiment continued on Friday, when despite an advancing session there was bearish flags thrown all around, starting with the low volume of the day.

Additionally, while the session opened above the 10 DMA’s support, it drifted below it towards the $48/share price level, before rallying higher to close above its open, but in the process forming a hanging man candle (bearish).

Monday opened with a glimmer of hope on a gap up to just below the 50 DMA’s resistance, briefly broke above it, before the bears came back into control & forced prices back to close below the 10 DMA’s support & based on the small lower shadow & highest daily volume of the prior two (short) weeks showed that there was still a lot of uncertainty & hesitancy in the air.

Tuesday that narrative continued, when on slightly lower than Monday’s volume XLF opened midway between Monday’s range & broke down through the 10 DMA’s support to close lower, with their lower shadow showing that market participants were still eyeing that $48/share price level.

For the rest of this week & into next week market participants should have their eye on how XLF’s price behaves within the consolidation range that’s been set by the 50 DMA, $48/share price level & the 10 DMA which is oscillating around in between the two marks.

Prices have spent all of 2025 & the last two sessions of 2024 straddling the 10 DMA, while attempting to break out one way or the other from the 50 DMA to the upside & the $48 mark on the downside.

So far there seems to be more appetite for the downside breakout, but Monday’s session breaking the 50 DMA’s resistance briefly offers a glimmer of hope for investors hoping to see XLF break out to the upside.

The $48/share price level has been relatively even split between Buyers & Sellers, coming in at 1:1, while a breakout above the 50 DMA would place XLF into another Even price level, where Buyers & Sellers have met at a ratio of 1:1.

Should the $48 mark break down the $47-47.99 zone has been Buyer dominated at a rate of 0.2:0*, indicating that there has not been much downside testing compared to advancing volume & that it may be due for a test from the bears.

It is likely that barring any extreme news that the price will continue along in the manner mentioned above for the next week or so until we begin to see earnings reports for the financial companies, which will be where all eyes are watching on 1/15 & 1/16/2025.

Given that this recent consolidation looks set to continue before breaking out in either direction, it is imperative to understand how investors have behaved at the different price levels XLF has historically traded at in order to get a sense of how they may behave again.

The section below lays out how the buyers & sellers have met at each price level XLF has traded at over the past ~16 years.

While it is not indicative of future performance, history repeats itself & or rhymes & this can be used as a barometer to anticipate how market participants may behave when faced with these price levels again.

Price Level:Volume Sentiment Analysis For XLF, The Financial Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLF from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~16 years, using Tuesday 1/7/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLF has traded at over the past ~16 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLF.

$52 – NULL – 0:0*, +7.59% From Current Price Level

$51 – NULL – 0:0*, +5.52% From Current Price Level

$50 – Sellers – 0.1:0*, +3.46% From Current Price Level

$49 – Even – 1:1, +1.39% From Current Price Level

$48 – Even – 1:1, -0.68% From Current Price Level – Current Price Level, 10 & 50 Day Moving Averages***

$47 – Buyers – 0.2:0*, -2.75% From Current Price Level

$46 – Even – 1:1, -4.82% From Current Price Level

$45 – Buyers – 01.:0*, -6.89% From Current Price Level

$44 – Buyers – 2:1, -8.96% From Current Price Level – 200 Day Moving Average*

$43 – Even – 1:1, -11.03% From Current Price Level

$42 – Even – 1:1, -13.1% From Current Price Level

$41 – Buyers – 2.5:1, -15.17% From Current Price Level

$40 – Sellers 1.5:1, -17.24% From Current Price Level

$39 – Buyers- 1.67:1, -19.3% From Current Price Level

$38 – Buyers – 2.33:1, -21.37% From Current Price Level

$37 – Buyers – 1.25:1, -23.44% From Current Price Level

$36 – Buyers – 1.18:1, -25.51% From Current Price Level

$35 – Sellers – 1.25:1, -27.58% From Current Price Level

$34 – Buyers – 1.5:1, -29.65% From Current Price Level

$33 – Even – 1:1, -31.72% From Current Price Level

$32 – Buyers – 1.07:1, -33.79% From Current Price Level

$31 – Sellers – 1.14:1, -35.86% From Current Price Level

$30 – Sellers – 1.86:1, -37.93% From Current Price Level

$29 – Sellers – 1.75:1, -40% From Current Price Level

$28 – Buyers – 1.67:1, -42.06% From Current Price Level

$27 – Buyers – 1.2:1, -44.13% From Current Price Level

$26 – Buyers – 1.33:1, -46.2% From Current Price Level

$25 – Buyers – 1.43:1, -48.27% From Current Price Level

$24 – Buyers – 1.2:1, -50.34% From Current Price Level

$23 – Sellers – 1.03:1, -52.41% From Current Price Level

$22 – Sellers – 1.05:1, -54.48% From Current Price Level

$21 – Buyers – 1.45:1, -56.55% From Current Price Level

$20 – Sellers – 1.07:1, -58.62% From Current Price Level

$19.50 – Sellers – 1.33:1, -59.65% From Current Price Level

$19 – Even – 1:1, -60.69% From Current Price Level

$18.50 – Buyers – 2:1, -61.72% From Current Price Level

$18 – Buyers – 3:1, -62.76% From Current Price Level

$17.50 – Buyers – 02:0*, -63.79% From Current Price Level

$17 – Even – 1:1, -64.83% From Current Price Level

$16.50 – Buyers – 1.33:1, -65.86% From Current Price Level

$16 – Buyers – 1.04:1, -66.89% From Current Price Level

$15.50 – Even – 1:1, -67.93% From Current Price Level

$15 – Sellers – 1.12:1, -68.96% From Current Price Level

$14.50 – Buyers – 1.23:1, -70% From Current Price Level

$14 – Buyers – 1.27:1, -71.03% From Current Price Level

$13.50 – Even – 1:1, -72.07% From Current Price Level

$13 – Buyers – 1.11:1, -73.1% From Current Price Level

$12.50 – Buyers – 1.5:1, -74.14% From Current Price Level

$12 – Buyers – 1.67:1, -75.17% From Current Price Level

$11.50 -Buyers – 1.43:1, -76.21% From Current Price Level

$11 – Buyers – 1.6:1, -77.24% From Current Price Level

$10.50 – Buyers – 1.6:1, -78.27% From Current Price Level

$10 – Buyers – 1.24:1, -79.31% From Current Price Level

$9.50 – Buyers – 1.26:1, -80.34% From Current Price Level

$9 – Buyers – 1.05:1, -81.38% From Current Price Level

$8.50 – Sellers – 1.15:1, -82.41% From Current Price Level

$8 – Buyers – 1.69:1, -83.45% From Current Price Level

$7.50 – Even – 1:1, -84.48% From Current Price Level

$7 – Sellers – 1.53:1, -85.52% From Current Price Level

$6.50 – Buyers – 1.71:1, -86.55% From Current Price Level

$6 – Sellers – 2.5:1, -87.59% From Current Price Level

$5.50 – Buyers – 2.11:1, -88.62% From Current Price Level

$5 – Sellers – 2.43:1, -89.65% From Current Price Level

$4.75 – Buyers – 1.08:1, -90.17% From Current Price Level

$4.50 – Sellers – 0.8:0*, -90.69% From Current Price Level

$4.25 – Buyers – 2.33:1, -91.21% From Current Price Level

$4 – Sellers – 0.4:0*, -91.72% From Current Price Level

$3.75 – Sellers – 2.5:1, -92.24% From Current Price Level

$3.50 – NULL – 0:0*, -92.76% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLF AT THE TIME OF PUBLISHING THIS ARTICLE ***

It’s been a volatile month & a half since our last volume sentiment check in, which has provided some retests of the new higher price levels that the major index ETFs have traded at.

Yesterday, the VIX closed at 17.35, indicating an implied one day move of +/-1.09% & an implied one month move of +/-5.01% for the S&P 500, as expectations for near-term volatility have been amped up.

This makes it a great time to check in & see how the major four index ETFs have traded at from a volume sentiment perspective at each price level they’ve covered in recent history.

This will provide an understanding of how prices may behave when certain support & resistance levels are reached & tested again in the future.

Each section below contains a view of each index ETF’s chart (for a technical breakdown of each ETF’s chart please see this past weekend’s market review note), as well as a list of their current one year support & resistance levels with the volume sentiment noted beneath it on the table.

There is an additional table beneath this table with each price level’s sentiment, as well as a typed text version below that is able to be copied & pasted.

Note that “NULL, 0:0*” values denote areas that each name has traded at but with limited volume data to work with from a comparison standpoint in terms of creating a ratio of buyers:sellers (or vice versa).

Also, prices that do have a ratio of Buyers:Sellers (Sellers:Buyers) where the denominator is 0 are denoted with an asterisk “*” as well.

In the written lists of the price levels & volume sentiments the price levels that contain support & resistance levels are marked in BOLD.

Recall that at price extremes such as the highs that we have recently hit there will tend to be skewed data due to the small sample size & factor that into how you interpret each price level’s reported sentiment.

This is intended to serve as an additional tool, similar to a barometer to use during your due diligence process & is not meant to replace doing your own research & is not financial advice.

Price Level:Volume Sentiment Analysis For SPY, The SPDR S&P 500 ETF

SPY, the SPDR S&P 500 ETF has been giving back its post U.S. Election gains for much of the last 6 weeks.

The middle & end of December saw some elevated volume, but for the most part market participation has still be dramatically muted since April of 2024 vs. previous years.

With their 10 day moving average bearish down on the 50 DMA, there look to be more near-term declines on the horizon, with sparse support levels near their current price.

With this in mind, it is worth looking at how investors have behaved over the past few years at each price level to see if it lends clues into how they may choose to behave again in the near-future.

Below is a list of the volume sentiments at each price level SPY has traded at over the past 2-3 years.

$610 – NULL – 0:0*, +4.08% From Current Price Level

$605 – Buyers – 0.8:0*, +3.23% From Current Price Level

$600 – Even – 1:1, +2.38% From Current Price Level

$595 – Buyers – 2.5:1, +1.52% From Current Price Level

$590 – Buyers – 4.2:1, +0.67% From Current Price Level – 10 & 50 Day Moving Averages**

$585 – Buyers – 1.4:0*, -0.18% From Current Price Level – Current Price Level*

$580 – Sellers – 2.1:1, -1.04% From Current Price Level

$575 – Buyers – 1.08:1, -1.89% From Current Price Level

$570 – Buyers – 5.33:1. -2.74% From Current Price Level

$565 – Sellers – 1.53:1, -3.6% From Current Price Level

$560 – Buyers – 0.8:0*, -4.45% From Current Price Level

$555 – Buyers – 3.44:1, -5.3% From Current Price Level

$550 – Buyers – 1.25:1, -6.16% From Current Price Level – 200 Day Moving Average*

$545 – Sellers – 1.06:1, -7.01% From Current Price Level

$540 – Buyers – 1.58:1, -7.86% From Current Price Level

$535 – Sellers – 1.36:1, -8.72% From Current Price Level

$530 – Buyers – 1.5:1, -9.57% From Current Price Level

$525 – Buyers – 1.6:1, -10.42% From Current Price Level

$520 – Buyers – 2.08:1, -11.27% From Current Price Level

$515 – Buyers – 1.33:1, -12.13% From Current Price Level

$510 – Buyers – 1.9:1, -12.98% From Current Price Level

$505 – Sellers – 1.65:1, -13.83% From Current Price Level

$500 – Buyers – 1.8:1, -14.69% From Current Price Level

$496 – Sellers – 2.9:0*, -15.37% From Current Price Level

$492 – Sellers – 1.19:1, -16.05% From Current Price Level

$488 – Buyers – 1.45:1, -16.73% From Current Price Level

$484 – Sellers – 1.67:1, -17.42% From Current Price Level

$480 – Buyers – 2.2:1, -18.1% From Current Price Level

$476 – Buyers – 2.33:1, -18.78% From Current Price Level

$472 – NULL – 0:0*, -19.46% From Current Price Level

$468 – Buyers – 1.95:1, -20.15% From Current Price Level

$464 – Buyers – 1.35:1, -20.83% From Current Price Level

$460 – Sellers – 2.33:1, -21.51% From Current Price Level

$456 – Buyers – 0.5:0*, -22.19% From Current Price Level

$452 – Buyers – 1:0*, -22.88% From Current Price Level

$448 – Buyers – 2:1, -23.56% From Current Price Level

$444 – Buyers – 2.21:1, -24.24% From Current Price Level

$440 – Buyers – 2:1, -24.92% From Current Price Level

$436 – Sellers – 1.09:1, -25.61% From Current Price Level

$432 – Buyers – 1.24:1, -26.29% From Current Price Level

$428 – Sellers – 1.21:1, -26.97% From Current Price Level

$424 – Buyers – 1.38:1, -27.65% From Current Price Level

$420 – Sellers – 1.38:1, -28.34% From Current Price Level

$416 – Buyers – 1.34:1, -29.02% From Current Price Level

$412 – Sellers – 1.11:1, -29.7% From Current Price Level

$408 – Buyers – 2.65:1, -30.38% From Current Price Level

$404 – Buyers – 1.35:1, -31.07% From Current Price Level

$400 – Buyers – 1.23:1, -31.75% From Current Price Level

$396 – Sellers – 1.28:1, -32.43% From Current Price Level

$392 – Sellers – 1.33:1, -33.11% From Current Price Level

$388 – Buyers – 2.14:1, -33.8% From Current Price Level

$384 – Buyers – 1.88:1, -34.48% From Current Price Level

$380 – Sellers – 1.29:1, -35.16% From Current Price Level

$376 – Sellers – 2.61:1, -35.84% From Current Price Level

$372 – Sellers – 1.95:1, -36.53% From Current Price Level

$368 – Sellers – 1.93:1, -37.21% From Current Price Level

$364 – Sellers – 1.16:1, -37.89% From Current Price Level

$360 – Sellers – 2.6:1, -38.57% From Current Price Level

$356 – Sellers – 2.53:1, -39.26% From Current Price Level

$352 – Buyers – 2.5:1, -39.94% From Current Price Level

$348 – Sellers – 3.7:0*, -40.62% From Current Price Level

$344 – Sellers – 3:0*, -41.3% From Current Price Level

$340 – NULL – 0:0*, -41.99% From Current Price Level

Price Level:Volume Sentiment Analysis For QQQ, The Invesco QQQ Trust ETF

QQQ, the Invesco QQQ Trust ETF has continued to trade in a similar manner as SPY, although their recent volumes have been lower as there is a bit of caution in the air around the tech-heavy index.

Their recent declines have caused there to be less one year support levels than at our last check in, which will make it all the more important to have an understanding of how they’ve behaved at each price level previously.

Below is a list of their support & resistance levels from a one year chart, and their volume sentiment at each price level they’ve traded at over the past ~2 years.

$540 – NULL – 0:0*, +5.63% From Current Price Level

$535 – Buyers – 0.7:0*, +4.65% From Current Price Level

$530 – Sellers – 0.6:0*, +3.67% From Current Price Level

$525 – Buyers – 2.86:1, +2.69% From Current Price Level

$520 – Sellers – 1.18:1, +1.72% From Current Price Level – 10 Day Moving Average*

$515 – Sellers – 1.33:1, +0.74% From Current Price Level

$510 – Sellers – 1.38:1, -0.24% From Current Price Level – Current Price Level*

$505 – Buyers – 2.6:1, -1.22% From Current Price Level – 50 Day Moving Average*

$500 – Buyers – 3.22:1, -2.2% From Current Price Level

$496 – Buyers – 2:0*, -2.98% From Current Price Level

$492 – Buyers – 4.13:1, -3.76% From Current Price Level

$488 – Buyers – 1.57:1, -4.54% From Current Price Level

$484 – Buyers – 1.88:1, -5.33% From Current Price Level

$480 – Buyers – 1.24:1, -6.11% From Current Price Level

$476 – Sellers – 1.52:1, -6.89% From Current Price Level

$472 – Buyers – 1.52:1, -7.67% From Current Price Level – 200 Day Moving Average*

$468 – Sellers – 1.23:1, -8.46% From Current Price Level

$464 – Buyers – 1.6:0*, -9.24% From Current Price Level

$460 – Buyers – 1.32:1, -10.02% From Current Price Level

$456 – Sellers – 1.89:1, -10.8% From Current Price Level

$452 – Buyers – 2.5:1, -11.59% From Current Price Level

$448 – Sellers – 1.39:1, -12.37% From Current Price Level

$444 – Sellers – 1.4:1, -13.15% From Current Price Level

$440 – Buyers – 4.22:1, -13.93% From Current Price Level

$436 – Buyers – 1.06:1, -14.72% From Current Price Level

$432 – Sellers – 2:1, -15.5% From Current Price Level

$428 – Buyers – 1.42:1, -16.28% From Current Price Level

$424 – Sellers – 1.06:1, -17.06% From Current Price Level

$420 – Sellers – 2:1, -17.85% From Current Price Level

$416 – Buyers – 4:1, -18.63% From Current Price Level

$412 – Sellers – 2.6:0*, -19.41% From Current Price Level

$408 – Buyers – 4.2:1, -20.19% From Current Price Level

$404 – Buyers – 2.2:1, -20.97% From Current Price Level

$400 – Buyers – 1.81:1, -21.76% From Current Price Level

$396 – Sellers – 2.1:0*, -22.54% From Current Price Level

$392 – Buyers – 1.5:1, -23.32% From Current Price Level

$388 – Buyers – 1:0*, -24.1% From Current Price Level

$384 – Buyers – 1.49:1, -24.89% From Current Price Level

$380 – Buyers – 1.89:1, -25.67% From Current Price Level

$376 – Buyers – 3.86:1, -26.45% From Current Price Level

$372 – Buyers – 1.2:1, -27.23% From Current Price Level

$368 – Sellers – 1.3:1, -28.02% From Current Price Level

$364 – Buyers – 1.66:1, -28.8% From Current Price Level

$360 – Buyer s- 1.17:1, -29.58% From Current Price Level

$356 – Sellers – 1.13:1, -30.36% From Current Price Level

$352 – Buyers – 1.22:1, -31.15% From Current Price Level

$348 – Buyers – 1.14:1, -31.93% From Current Price Level

$344 – Buyers – 1.24:1, -32.71% From Current Price Level

$340 – Sellers – 1.17:1, -33.49% From Current Price Level

$336 – NULL – 0:0*, -34.28% From Current Price Level

$332 – Buyers – 3:1, -35.06% From Current Price Level

$328 – Sellers – 1:0*, -35.84% From Current Price Level

$324 – Even – 1:1, -36.62% From Current Price Level

$320 – Buyers – 4:1, -37.41% From Current Price Level

$316 – Buyers – 1.96:1, -38.19% From Current Price Level

$312 – Sellers – 1.76:1, -38.97% From Current Price Level

$308 – Buyers – 1.82:1, -39.75% From Current Price Level

$304 – Buyers – 3.55:1, -40.54% From Current Price Level

$300 – Sellers – 1.28:1, -41.32% From Current Price Level

$296 – Sellers – 1.63:1, -42.1% From Current Price Level

$292 – Buyers – 3.36:1, -42.88% From Current Price Level

$288 – Buyers – 1.27:1, -43.67% From Current Price Level

$284 – Buyers – 1.16:1, -44.45% From Current Price Level

$280 – Sellers – 1.4:1, -45.23% From Current Price Level

$276 – Buyers – 1.53:1, -46.01% From Current Price Level

$272 – Sellers – 1.59:1, -46.79% From Current Price Level

$268 – Sellers – 1.33:1, -47.58% From Current Price Level

$264 – Buyers – 1.5:1, -48.36% From Current Price Level

$260 – Sellers – 1.18:1, -49.14% From Current Price Level

$256 – Sellers – 8:0*, -49.92% From Current Price Level

$252 – NULL – 0:0*, -50.71% From Current Price Level

Price Level:Volume Sentiment Analysis For IWM, The iShares Russell 2000 ETF

IWM, the iShares Russell 2000 ETF has seen steeper declines than SPY or QQQ since November, but has traded at more consistent volumes compared to a year ago than the former two index ETFs.

The small cap index’s 10 day moving average recently crossed bearishly through their 50 day moving average & prices have consolidated 3.67% above their 200 DMA’s support level.

Given their price’s proximity to the long-term trend line, the information below is important to know in the event of a retest of their support levels.

$244 – NULL – 0:0*, +10.52% From Current Price Level

$240 – Buyers – 4.67:1, +8.71% From Current Price Level

$236 – Buyers – 1.67:1, +6.9% From Current Price Level

$232 – Sellers – 3.67:1, +5.09% From Current Price Level

$228 – Buyers – 5:1, +3.27% From Current Price Level – 50 Day Moving Average*

$224 – Sellers – 3:1, +1.46% From Current Price Level

$220 – Buyers – 1.92:1, -0.35% From Current Price Level – Current Price Level, 10 Day Moving Average**

$216 – Buyers – 1.66:1, -2.16% From Current Price Level

$212 – Sellers – 1.29:1, -3.97% From Current Price Level – 200 Day Moving Average *

$208 – Buyers – 2.64:1, -5.78% From Current Price Level

$204 – Buyers – 1.21:1, -7.6% From Current Price Level

$200 – Buyers – 1.54:1, -9.41% From Current Price Level

$198 – Sellers – 1.53:1, -10.31% From Current Price Level

$196 – Buyers – 2.5:1, -11.22% From Current Price Level

$194 – Buyers – 1.15:1, -12.13% From Current Price Level

$192 – Sellers – 1.2:1, -13.03% From Current Price Level

$190 – Sellers – 2.29:1, -13.94% From Current Price Level

$188 – Buyers – 1.64:1, -14.84% From Current Price Level

$186 – Sellers – 1.44:1, -15.75% From Current Price Level

$184 – Buyers – 2.8:1, -16.66% From Current Price Level

$182 – Buyers – 1.67:1, -17.56% From Current Price Level

$180 – Buyers – 1.17:1, -18.47% From Current Price Level

$178 – Sellers – 1.78:1, -19.37% From Current Price Level

$176 – Buyers – 1.28:1, -20.28% From Current Price Level

$174 – Buyers – 2.08:1, -21.18% From Current Price Level

$172 – Buyers – 1.24:1, -22.09% From Current Price Level

$170 – Buyers – 1.39:1, -23% From Current Price Level

$168 – Sellers – 2.39:1, -23.9% From Current Price Level

$166 – Sellers – 2.6:1, -24.81% From Current Price Level

$164 – Sellers – 0.4:0*, -25.71% From Current Price Level

$162 – Buyers – 1.18:1, -26.62% From Current Price Level

$160 – Even – 1:1, -27.53% From Current Price Level

$158 – NULL – 0:0*, -28.43% From Current Price Level

Price Level:Volume Sentiment Analysis For DIA, The SPDR Dow Jones Industrial Average ETF

DIA, the SPDR Dow Jones Industrial Average ETF has continued to trade like IWM, as the blue chip index & small cap index have shared similar trading characteristics over the past year.

This may not continue as volatility heats up due to the differences between the components of each index, making the tables below important for assessing the strength of support levels in the near-term.

$452 – NULL – 0:0*, +6.23% From Current Price Level

$448 – Buyers – 0.4:0*, +5.29% From Current Price Level

$444 – Sellers – 1.25:1, +4.35% From Current Price Level

$440 – Buyers – 1.67:1, +3.41% From Current Price Level

$436 – Buyers – 1.6:1, +2.47% From Current Price Level

$432 – Buyers – 2.67:1, +1.53% From Current Price Level – 50 Day Moving Average*

$428 – Buyers – 5:1, +0.59% From Current Price Level – 10 Day Moving Average*

$424 – Sellers – 3:1, -0.35% From Current Price Level – Current Price Level*

$420 – Buyers – 2.17:1, -1.29% From Current Price Level

$416 – Sellers – 1.13:1, -2.23% From Current Price Level

$412 – Buyers – 1.67:1, -3.17% From Current Price Level

$408 – Buyers – 10:1, -4.11% From Current Price Level

$404 – Buyers – 2.4:1, -5.05% From Current Price Level – 200 Day Moving Average*

$400 – Seller s- 1.17:1, -5.99% From Current Price Level

$396 – Buyers – 9:1, -6.93% From Current Price Level

$392 – Buyers – 2.67:1, -7.87% From Current Price Level

$388 – Buyers – 1.55:1, -8.81% From Current Price Level

$384 – Buyers – 1.36:1, -9.75% From Current Price Level

$380 – Sellers – 1.33:1, -10.69% From Current Price Level

$376 – Buyers – 1.46:1, -11.63% From Current Price Level

$372 – Buyers – 1.55:1, -12.57% From Current Price Level

$368 – Buyers – 4:1, -13.51% From Current Price Level

$364 – Buyers – 1.1:1, -14.45% From Current Price Level

$360 – NULL – 0:0*, -15.39% From Current Price Level

$356 – Buyers – 0.8:0*, -16.33% From Current Price Level

$352 – Sellers – 2.33:1, -17.27% From Current Price Level

$348 – NULL – 0:0*, -18.21% From Current Price Level

$344 – Buyers – 2.89:1, -19.15% From Current Price Level

$340 – Sellers – 1.03:1, -20.09% From Current Price Level

$336 – Buyers – 1.44:1, -21.03% From Current Price Level

$332 – Buyers – 1.54:1, -21.97% From Current Price Level

$328 – Buyers – 1.27:1, -22.91% From Current Price Level

$324 – Sellers – 1.09:1, -23.85% From Current Price Level

$320 – Sellers – 1.02:1, -24.79% From Current Price Level

$316 – Sellers – 1.32:1, -25.73% From Current Price Level

$312 – Sellers – 1.3:1, -26.67% From Current Price Level

$308 – Sellers – 1.38:1, -27.61% From Current Price Level

$304 – Buyers – 1.3:1, -28.55% From Current Price Level

$300 – Buyers – 1.36:1, -29.49% From Current Price Level

$296 – Buyers – 1.33:1, -30.43% From Current Price Level

$292 – Buyers – 1.26:1. -31.37% From Current Price Level

$288 – Sellers – 1.5:1, -32.31% From Current Price Level

$284 – Buyers – 1.08:1, -33.25% From Current Price Level

$280 – Even – 1:1, -34.2% From Current Price Level

$276 – Sellers – 1.4:1, -35.14% From Current Price Level

$272 – Buyers – 1.17:1, -36.08% From Current Price Level

$268 – Buyers – 2:1, -37.02% From Current Price Level

$264 – Sellers – 1.67:1, -37.96% From Current Price Level

$260 – Buyers – 2.25:1, -38.9% From Current Price Level

$256 – Sellers – 2.33:1, -39.84% From Current Price Level

$252 – Buyers – 2:1, -40.78% From Current Price Level

$248 – Buyers – 0.2:0*, -41.72% From Current Price Level

$244 – Sellers – 3:1, -42.66% From Current Price Level

$240 – NULL – 0:0*, -43.6% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM OR DIA AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLE, the Energy Select Sector SPDR Fund ETF has advanced +9.8% over the past year, gaining +14.46% since their 52-week low in January of 2024, while currently sitting -8.7% below their 52-week high set in April of 2024 (all figures exclude distributions).

Some of their top holdings include Exxon Mobil Corp. (XOM), Chevron Corp (CVX), ConocoPhillips (COP), Williams Cos. Inc. (WMB), EOG Resources Inc. (EOG), ONEOK Inc. (OKE), Schlumberger Ltd. (SLB), Phillips 66 (PSX), Kinder Morgan Inc. (KMI) & Marathon Petroleum Corp. (MPC)

Below is a brief technical analysis of XLE, as well as a price level:volume sentiment analysis of the price levels XLE has traded at over the ~2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLE.

XLE, The Energy Select Sector SPDR Fund ETF’s Technical Performance Broken Down

Their RSI is trending towards the oversold 30-level & sits at 34.65, while their MACD is bearish following the declines of the past two weeks.

Volumes over the past week & a half have been -19.86% lower than the previous year’s average level (11,968,750 vs. 14,934,861.66), as market participants as a whole have been less active than normal while major indexes sit near all-time highs.

Last Monday continued the steep slide that XLE’s prices took in the previous week after the previous Friday’s session took a breather with a spinning top candle, indicating uncertainty among market participants.

The next day the selling continued with the session closing to form a bearish harami pattern with the prior day’s session.

Wednesday confirmed that risk-off was still on, when the session opened lower & on the highest volume of the past couple of weeks drifted down to briefly cross the 50 day moving average’s support, but was able to recover a little bit to close just above the 50 DMA.

Thursday there was a brief moment of calm again as the eye of the storm produced a doji candle that opened and closed as a slightly advancing session, but while the volume behind it was stronger than all but one of the previous week’s sessions, it was not strong enough to mark a reversal.

Friday ended the week with a risk-off into the weekend session, as the day opened lower & broke through the 50 DMA’s support on stronger volume than Thursday’s advancing session, indicating that the bearish sentiment was no where near over yet.

Monday opened higher & tested briefly above the resistance of the 50 day moving average, before ultimately tumbling lower.

This Tuesday exposed the real lack of confidence in the energy sector, as much like Monday the session opened higher, but proceeded to decline through the support of the 200 day moving average, marking extreme bearish sentiment as the long-term trend line was broken.

Wednesday currently looks to be another eye of the hurricane type of session, as the session opened in-line with the 200 DMA, tested higher & lower but ultimately closed as a doji.

Despite having similar volume to the two prior days’ sessions, there was not enough push for XLE’s trend to reverse, which led to today’s gap down open that as of 12:35 PM has produced a -0.45% daily return.

Given how strong this decline has been it is important to understand how investors have behaved historically at different price levels XLE has traded at in order to assess the strength of their support/resistance levels.

The section below lays out how the buyers & sellers have met at each price level XLE has traded at over the past ~2 years.

While it is not indicative of future performance, history repeats itself & or rhymes & this can be used as a barometer to anticipate how market participants may behave when faced with these price levels again.

Price Level:Volume Sentiment Analysis For XLE, The Energy Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLE from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2 years, using Wednesday 11/20/24’s mid-session price for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLE has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLE.

$98 – NULL – 0:0*, +9.11% From Current Price

$97 – Buyers – 0.6:0*, +7.99% From Current Price

$96 – Buyers – 3.33:1, +6.88% From Current Price

$95 – Sellers – 1.29:1, +5.77% From Current Price

$94 – Buyers – 1.47:1, +4.65% From Current Price

$93 – Buyers – 2.45:1, +3.54% From Current Price

$92 – Buyers – 1.41:1, +2.43% From Current Price – 10 & 50 Day Moving Averages**

$91 – Buyers – 2.28:1, +1.31% From Current Price

$90 – Buyers – 1.53:1, +0.2% From Current Price – 200 Day Moving Average*

$89 – Buyers – 1.82:1, -0.91% From Current Price – Current Price Level*

$88 – Sellers – 1.1:1, -2.03% From Current Price

$87 – Sellers – 1.02:1, -3.14% From Current Price

$86 – Buyers – 1.67:1, -4.25% From Current Price

$85 – Buyers – 1.11:1, -5.37% From Current Price

$84 – Buyers – 1.54:1, -6.48% From Current Price

$83 – Sellers – 1.33:1, -7.59% From Current Price

$82 – Buyers – 1.67:1, -8.71% From Current Price

$81 – Sellers – 1.59:1, -9.82% From Current Price

$80 – Sellers – 1.77:1, -10.93% From Current Price

$79 – Sellers – 1.05:1, -12.05% From Current Price

$78 – Sellers – 1.14:1, -13.16% From Current Price

$77 – Sellers – 1.14:1, -14.27% From Current Price

$76 – Buyers – 1.9:1, -15.39% From Current Price

$75 – Sellers – 1.22:1, -16.5% From Current Price

$74 – Sellers – 2.29:1, -17.61% From Current Price

$73 – Buyers – 2.2:1, -18.73% From Current Price

$72 – Sellers – 2.6:0*, -19.84% From Current Price

$71 – NULL – 0:0*, -20.95% From Current Price

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLE AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLK, the Technology Select Sector SPDR Fund ETF has gained +31.54% over the past year, advancing +32.99% from their 52-week low in December of 2023 & sitting just -0.04% below their 52-week high (all figures exclude distributions).

This has been an interesting year for technology related stocks, as the AI craze has caused a lot of the market’s upward movement, causing investors & speculators to dive into the market in hopes of not missing the boat.

With high flying names such as Apple Inc. (AAPL), NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Broadcom Inc. (AVGO), Salesforce Inc. (CRM), Oracle Corp. (ORCL), Cisco Systems Inc. (CSCO), Adobe Inc. (ADBE), Advanced Micro Devices (AMD) & ServiceNow Inc. (NOW) it is easy to see how they’ve enjoyed such a strong year, given that these names have dominated financial media & headlines for 2024.

Given how close XLK is to its all time high it is worth checking in to see how market participants have behaved at their recent price levels in order to assess the strength or weakness of their current support levels in the event of a downside retest on the horizon.

Below is a brief technical analysis of XLK, as well as a price level:volume sentiment analysis of the price levels XLK has traded at over the ~2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLK.

XLK, The Technology Select Sector SPDR Fund ETF’s Technical Performance Broken Down

Their RSI is currently trending back down towards the neutral mark & sits at 63.9 after approaching the overbought level & their MACD is bullish but beginning to curl over bearishly today after yesterday’s gap up session.

Volumes were -33.52% below the previous year’s average over the past week & a half (3,758,571.43 vs. 5,654,110.67), as investors have become very skittish near their all-time high which was set on yesterday following a +1.83% gap up.

Last Monday kicked the shortened holiday week off on a bearish note when prices opened higher than Friday’s close, but throughout the day trended lower, eventually testing the support of the 10 day moving average before closing above it.

Tuesday’s session produced a harami cross, indicating that there was uncertainty around XLK’s price on a light volume session.

Wednesday opened on a gap lower, broke down through the 10 DMA’s support & approached the 50 DMA’s support but did not test it, instead rallying to close just below the 10 day moving average the day before Thanksgiving.

Friday naturally produced the lowest volume session of the past week & a half as it was a half day after a holiday, but XLK was able to open at the 10 DMA, test lower briefly, before powering through it & closing in the window created the day prior.

Monday continued the rally for XLK, as did Tuesday as the day’s lows were all ascending & above the 10 day moving average’s support.

Yesterday’s gap up session will be worth keeping an eye on in the coming days, particularly given that today’s session seems ready to close in a bearish harami formation, which would signal that there will likely be a closing of the window on the near-term horizon.

It will also be worth watching volume in the near term, as there will need to be some extra participation to continue marching XLK higher, and watching volume trends will make it easier to gauge when profits will be taken if prices are unable to continue higher.

The section below lays out how the buyers & sellers have met at each price level XLK has traded at over the past ~2 years.

While it is not indicative of future performance, history repeats itself & or rhymes & this can be used as a barometer to anticipate how market participants may behave when faced with these price levels again.

Price Level:Volume Sentiment Analysis For XLK, The Technology Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLK from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2 years, using Wednesday 11/20/24’s mid-session price for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLK has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLK.

$244 – NULL – 0:0*, +1.17% From Current Price Level

$240 – NULL – 0:0*, -0.49% From Current Price Level – Current Price Level*

$236 – Buyers – 3.67:1, -2.14% From Current Price Level

$232 – Buyers – 2:1, -3.8% From Current Price Level – 10 Day Moving Average*

$228 – Sellers – 1.03:1, -5.46% From Current Price Level – 50 Day Moving Average*

$224 – Buyers – 3.17:1, -7.12% From Current Price Level

$220 – Sellers – 1.05:1, -8.78% From Current Price Level

$216 – Buyers – 1.04:1, -10.44% From Current Price Level – 200 Day Moving Average*

$212 – Buyers – 1.59:1, -12.1% From Current Price Level

$208 – Buyers – 1.81:1, -13.75% From Current Price Level

$204 – Buyers – 1.39:1, -15.41% From Current Price Level

$200 – Buyers – 1.08:1, -17.07% From Current Price Level

$198 – Buyers – 1.11:1, -17.9% From Current Price Level

$196 – Sellers – 2.13:1, -18.73% From Current Price Level

$194 – Sellers – 1.22:1, -19.56% From Current Price Level

$192 – Buyers – 1.11:1, -20.39% From Current Price Level

$190 – Buyers – 1.64:1, -21.22% From Current Price Level

$188 – Buyers – 2.25:1, -22.05% From Current Price Level

$186 – Buyers – 2.56:1, -22.88% From Current Price Level

$184 – Buyers – 2.29:1, -23.71% From Current Price Level

$182 – Buyers – 1.36:1, -24.53% From Current Price Level

$180 – Even – 1:1, -25.36% From Current Price Level

$178 – Buyers, 1.63:1, -26.19% From Current Price Level

$176 – Buyers – 4.4:1, -27.02% From Current Price Level

$174 – Sellers – 1.33:1, -27.85% From Current Price Level

$172 – Buyers – 1.52:1, -28.68% From Current Price Level

$170 – Buyers – 1.45:1, -29.51% From Current Price Level

$168 – Buyers – 2.53:1, -30.34% From Current Price Level

$166 – Sellers – 1.05:1, -31.17% From Current Price Level

$164 – Buyers – 1.11:1, -32% From Current Price Level

$162 – Buyers – 1.89:1, -32.83% From Current Price Level

$160 – Sellers – 1.64:1, -33.66% From Current Price Level

$158 – Buyers – 1.88:1, -34.49% From Current Price Level

$156 – Buyers – 1:0*, -35.32% From Current Price Level

$154 – Sellers – 1.27:1, -36.14% From Current Price Level

$152 – Sellers – 1.5:1, -36.97% From Current Price Level

$150 – Buyers – 1.5:1, -37.8% From Current Price Level

$148 – Sellers – 1.2:1, -38.63% From Current Price Level

$146 – Even – 1:1, -39.46% From Current Price Level

$144 – Sellers – 1.06:1, -40.29% From Current Price Level

$142 – Buyers – 1.69:1, -41.12% From Current Price Level

$140 – Buyers – 1.54:1, -41.95% From Current Price Level

$138 – Sellers – 1.13:1, -42.78% From Current Price Level

$136 – Sellers – 1.29:1, -43.61% From Current Price Level

$134 – Buyers – 2.26:1, -44.44% From Current Price Level

$132 – Sellers – 1.4:1, -45.27% From Current Price Level

$130 – Buyers – 1.24:1, -46.1% From Current Price Level

$128 – Sellers – 1.43:1, -46.93% From Current Price Level

$126 – Sellers – 1.4:1, -47.75% From Current Price Level

$124 – Buyers – 1.5:1, -48.58% From Current Price Level

$122 – Sellers – 1.04:1, -49.41% From Current Price Level

$120 – Sellers – 1.28:1, -50.24% From Current Price Level

$118 – Buyers – 1.03:1, -51.07% From Current Price Level

$116 – Sellers – 2.2:0*, -51.9% From Current Price Level

$114 – Sellers – 2.5:0*, -52.73% From Current Price Level

$112 – NULL – 0:0*, -53.56% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLK AT THE TIME OF PUBLISHING THIS ARTICLE ***

NVIDIA Corp. stock trades under the ticker NVDA & has had an astounding year, advancing +191.63%, gaining +226.62% since their 52-week low in December of 2023 & sitting just -1.84% below their 52-week high from 11/8/2024 (all figures ex-dividends).

NVDA has been no stranger to our posts here this past year due to their high flying performance & the AI/Data Center Boom, which makes today’s earnings report very important as it will dictate if the major market indexes that are near all-time highs can maintain their current explosive performance.

In the event of disappointment there may be broader corrections & a pivot from the technology names & into more “concrete” names, such as the companies that build their data centers & supply the builders, as well as the utilities companies as a flight to safety & for their better dividend yields, while maintaining a focus on the future data center needs (see this post from April 2024 for some names that might make up a Synthetic A.I. ETF that excludes the technology sector).

Below is a brief technical analysis of NVDA, as well as a price level:volume sentiment analysis of the price levels NVDA has traded at over the ~8 months.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NVDA.

NVIDIA Corp. NVDA Stock’s Technical Performance Broken Down

Their RSI is currently trending down & approaching the neutral level of 50 & currently sits at 55.59, while their MACD crossed over bearishly last week & continues to trend lower & further from the signal line.

Volumes have been -47.42% below the previous year’s average levels over the past week & a half (209,592,857.14 vs. 398,617,103.17) as market participants eagerly await to see if they can continue their steep ascent or if the AI-mania may be taking a breather/coming to an end.

From a high level it seems at least by volume that many folks are remaining content to wait & see, as there has not been much outsized declining volume in relation to advancing volume.

However, the fact that the participation rate has been effectively cut in half vs. the prior year in the last week & a half should raise an eyebrow of skepticism as it shows that either folks are sensing danger on the horizon & or are realizing that they’re near a perfect valuation & have become content, neither of which tend to be good things, especially near an earnings report.

On the same high level track note that the tops & bottoms of their price charts have been contracting (bearish) since mid-October & prices stalled out at the all-time high only 3.7% higher than the prior ATH from mid-October.

The past two weeks have also been flashing mixed signals, but the brake lights have remained on for seven of the last eleven sessions.

Two weeks ago on Wednesday NVDA gapped up along with the rest of the markets in the wake of the U.S. Presidential Election results & continued higher Thursday.

It should be noted that these volumes were muted compared to the rest of the prior year though, not indicating as much enthusiasm as most other indexes/securities.

That Friday’s declining session on a spinning top set the stage for the next week of declines, as it showed market participants were taking profits on the day of the all-time high, and there was clear uncertainty as to where the price should be.

Volume was low that day, but the seller sentiment carried on into Monday of the new week, when a bearish engulfing candle set up a three-day consolidation that took place mostly within the range of its candle’s real body.

Tuesday’s candle would constitute as a shooting star had it followed an uptrend (bearish), Wednesday’s candle formed a bearish engulfing pattern on Tuesday’s & a bearish harami was formed when Thursday’s candle advanced, but closed lower than it opened & the entire day’s range was contained within Wednesday’s real body.

None of this inspired enthusiasm among market participants, as Friday opened on a gap down in-line with the 10 day moving average’s support, before continuing lower & the lower shadow of the day’s range flirted with the $140/share level.

Monday opened lower & below the $140 mark, tested lower, but was able to close above its open, but still for a loss.

Those two days also featured some of the strongest volume of November, indicating that there was a bit of a switch in sentiment.

Yesterday featured an advancing session that was able to close above the resistance of the 10 DMA, but today has featured an open higher than yesterday that has fallen apart quickly as prices have only continued lower throughout the day since the open.

As of this writing (1:45pm) volume is roughly half of yesterday’s low level, so market participants are still sitting in anticipation of tonight’s results.

After NVDA’s aggressive gap ups in May 2024 they have somewhat traded in a consolidated range & gradually shifted higher in a similar manner to how IWM trades, which is peculiar given their market cap vs. the highest market cap in the Russell 2000.

This will be one of the most anticipated earnings reports of the past few years & there are lots of warning signs/brake lights flashing as we approach it.

I won’t get into the upside potential given how close we are to their ATH, but the downside is where more focus should be given it is relatively measurable.

The section below lays out how the buyers & sellers have met at each price level NVDA has traded at over the past ~8 months.

While it is not indicative of future performance, history repeats itself & or rhymes & this can be used as a barometer to anticipate how market participants may behave when faced with these price levels again.

Price Level:Volume Sentiment Analysis For NVIDIA Corp. NVDA Stock

The top table below shows the support & resistance levels of NVDA from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~8 months, using Wednesday 11/20/24’s mid-session price for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level NVDA has traded at over the past ~8 months.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NVDA.

$150 – NULL – 0:0*, +3.75% From Current Price Level

$148 – Buyers – 2.2:0*, +2.37% From Current Price Level – All Time High*

$146 – Buyers – 1.21:1, +0.98% From Current Price Level

$144 – Buyers – 1.56:1, -0.4% From Current Price Level – Current Price Level & 10 Day Moving Average**

$142 – Buyers, 1.25:1, -1.78% From Current Price Level

$140 – Sellers – 1.13:1. -3.17% From Current Price Level

$138 – Buyers – 1.19:1, -4.55% From Current Price Level

$136 – Buyers – 2.7:0*, -5.93% From Current Price Level

$134 – Buyers – 8.5:1, -7.32% From Current Price Level

$132 – Sellers – 1.69:1, -8.7% From Current Price Level – 50 Day Moving Average*

$130 – Sellers – 2:1, -8.7% From Current Price Level

$128 – Buyers – 10.64:1, -10.08% From Current Price Level

$126 – Sellers – 1.66:1, -11.47% From Current Price Level

$124 – Buyers – 2.23:1, -12.85% From Current Price Level

$122 – Buyers – 1.27:1, -14.23% From Current Price Level

$120 – Sellers – 1.27:1, -15.62% From Current Price Level

$118 – Buyers – 1.82:1, -17% From Current Price Level

$116 – Buyers – 1.05:1, -18.38% From Current Price Level

$114 – Buyers – 1.86:1, -21.15% From Current Price Level

$112 – Buyers – 1.24:1, -22.53% From Current Price Level

$110 – Sellers – 0.4:0*, -23.92% From Current Price Level – 200 Day Moving Average*

$108 – Sellers – 1.91:1, -25.3% From Current Price Level

$106 – Sellers – 1.31:1, -26.68% From Current Price Level

$104 – Buyers – 2.63:1, -28.07% From Current Price Level

$102 – Sellers – 1.02:1, -29.45% From Current Price Level

$100 – Sellers – 3:0*, -30.83% From Current Price Level

$99 – NULL – 0:0*, -31.53% From Current Price Level

$98 – Sellers – 2.2:0*, -32.22% From Current Price Level

$97 – NULL – 0:0*, -32.91% From Current Price Level

$96 – NULL – 0:0*, -33.6% From Current Price Level

$95 – Buyers – 1.8:0*, -34.29% From Current Price Level

$94 – Buyers – 2.55:1, -34.98% From Current Price Level

$93 – NULL – 0:0*, -35.68% From Current Price Level

$92 – Sellers – 2.29:1, -36.37% From Current Price Level

$91 – Buyers – 7.9:0*, -37.06% From Current Price Level

$90 – Buyers – 1.06:1, -37.75% From Current Price Level

$89 – Buyers – 2.43:1, -38.44% From Current Price Level

$88 – Sellers – 1.05:1, -39.13% From Current Price Level

$87 – Buyers – 1.41:1, -39.83% From Current Price Level

$86 – Sellers – 2:0*, -40.52% From Current Price Level

$85 – Sellers – 5.33:1, -41.21% From Current Price Level

$84 – Sellers – 1.08:1, -41.9% From Current Price Level

$83 – Sellers – 3:0*, -42.59% From Current Price Level

$82 – Buyers – 4.8:0*, -43.28% From Current Price Level

$81 – NULL – 0:0*, -43.98% From Current Price Level

$80 – NULL – 0:0*, -44.67% From Current Price Level

$79 – Buyers – 1.14:1, -45.36% From Current Price Level

$78 – NULL – 0:0*, -46.05% From Current Price Level

$77 – NULL – 0:0*, -46.74% From Current Price Level

$76 – Sellers – 4.9:0*, -47.43% From Current Price Level

$75 – NULL – 0:0*, -48.13% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN NVDA AT THE TIME OF PUBLISHING THIS ARTICLE ***

NUGT, the Direxion Daily Gold Miners Index Bull 2x Shares ETF has advanced +83.13% over the past year, adding +151.32% since their 52-week low in February of 2024, while resting -4.12% below their 52-week high set on October 22, 2024 (all figures ex-distributions).

In addition to exposure to gold miners, NUGT also offers international exposure to Canada, The U.S., Australia, South Africa, China, The U.K., Peru & Jersey.

Some of their largest holdings include Newmont Corporation (NEM), Agnico Eagle Mines Ltd. (AEM), Barrick Gold (GOLD), Wheaton Prescious Metals Corporation (WPM), Franco Nevada (FNV), Gold Fields (GFI), Zijin Mining H (ZIJMF), Northern Star Resources (NSTYY), Kinross Gold (KGC) & Anglogold (AU).

Below is a brief technical analysis of NUGT, as well as a price level:volume sentiment analysis of the price levels NUGT has traded at over the 1-2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NUGT.

Technical Analysis Of NUGT, The Direxion Daily Gold Miners Index Bull 2x Shares ETF

Their RSI has just dipped back below the overbought level of 70 & sits currently at 66.78, while their MACD is still bullish, but their histogram is beginning to signal that their uptrend may be weakening in the short-term.

Volumes were -27.38% below average over the past week & a half compared to the year prior’s average (1,710,051.25 vs. 2,354,801.93) as market participants began to get nervous near their 52-week high, which may be a sign of near-term profit taking on the horizon after the run up of the past couple of weeks.

Last week began with a retest of NUGT’s 10 day moving average’s support & the session ended in a bearish engulfing candle, giving the green light higher for investors.

It should be noted that this occurred on the lowest volume of the month though, likely as market participants were unsure if it would be able to remain above the support level or not & so they patiently awaited confirmation.

Tuesday opened higher, tested lower about midway through Monday’s trading range, before running higher & closing near the highs of the day on somewhat stronger volume than Monday, but still nothing to write home about compared to the average volume of the rest of the year.

Wednesday opened on a gap higher & tested above the $54/share mark, but closed with a hint of uncertainty & doubt as the spinning top candle’s real body was concentrated near the lower range of the day’s candlestick & it closed lower than it opened.

Volumes were much higher Wednesday, which was also a function of profit taking from the past week’s run up & the bears forcing the higher end of the day’s range to near the bottom of the candlestick to close below the open.

There was still more appetite for risk on Thursday however, as the session opened on a gap higher & while it wasn’t able to close above the $54/share mark it did test above it, but again, the session resulted in a spinning top candle as there was a great deal of uncertainty about the current NUGT valuation.

Volumes dipped day-over-day, but remained strong compared to the other days’ volumes that were noted above.

Friday the risk-on theme continued with another opening gap up that briefly tested lower before powering above the $58/share price level & closing just beneath it at $57.90/share, a day-over-day gain of +7.96% on the strongest volume seen since mid-September.

Warning signals began flashing this past Monday though, as the session opened on a gap higher to $59.50, went up to $60.19/share, before NUGT’s price collapsed to close below the open at $58.06/share.

Volume on Monday was just below that of Friday’s session, likely attributed to the day’s wide trading range & the profit taking that forced the close to be lower than the open as the gap up was unable to muster up much strength.

Tuesday opened higher & pushed up to reach the new 52-week high of $60.74 before closing at $60.40 & the low volume indicated that there was trouble on the horizon for NUGT as investors had finally seemed to have had enough risk.

This lead to yesterday’s-3.68% decline that began as a gap down that attempted to break above Tuesday’s low, but ultimately the bears took over & the price began deflating.

The size of the lower shadow indicates that there was a bit of downside appetite that market participants were interested in, but the bulls were able to force the close higher.

The lack of volume though is signaling that perhaps there is more downside appetite in the tank, particularly given how overextended the past few weeks’ run up has become.

In the coming week(s) the $55.20 support level will be an area of interest to keep an eye on, as it is the nearest support level to last night’s close.

After that investors will want to focus their attention on the support of the 10 day moving average, which will continue moving higher as days pass.

Should the 10 DMA’s support not hold up, the next support level is -6.4% away (using last night’s closing prices).

Another area to keep a keen eye on this upcoming week or two is NUGT’s volume levels, as any advances will require strong volume for confirmation at these high price levels & the strength of any declines/consolidation ranges will also be evident based on market paricipation.

It is also important to explain that when reading tables in the next section that the data should be treated as a barometer that measures Buyer:Seller pressure (or Seller:Buyer).

Due to the jumpy nature described above of NUGT’s recent advances (and declines when you look at their chart before the run up described above) there are many “Buyer” dominated zones that have either a “0” in the denominator for Seller pressure, and other ratios that are near these price extremes.

With that said, when reading the data, the $54-$54.99-price level has a 0 in the denominator due to lack of downside testing in this range compared to advancing volume.

$53-53.99/share has 1.66:1 Buyers:Sellers, which can be seen as a more sturdy support level until the $54-$54.99 level is more thoroughly tested.

Similarly, based on historic behavior of the past 1-2 years the $49-49.99/share price level is considered more sturdy support than the others as it is currently Buyer dominated at a rate of 2.43:1.

Conversely, the $48-48.99/share Seller zone is considered weaker support than the Seller zones that follow it due to the strength of its ratio.

Again, this data is for informational purposes & can be used to aid your existing due diligence process, but it is not intended to serve as financial advice.

Price Level:Volume Sentiment Analysis For NUGT, The Direxion Daily Gold Miners Index Bull 2x Shares ETF

The top table below shows the support & resistance levels of NUGT from the past year’s chart, as well as their price level:volume sentiment at each, using Wednesday 10/23/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level NUGT has traded at over the past 1-2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NUGT ETF.

$61 – NULL – 0:0*, +4.85% From Current Price Level

$60 – NULL – 0:0*, +3.13% From Current Price Level

$59 – NULL – 0:0*, +1.41% From Current Price Level

$58 – NULL – 0:0*, -0.31% From Current Price Level – Current Price Level*

$57 – NULL – 0:0*, -2.03% From Current Price Level

$56 – NULL – 0:0*, -3.75% From Current Price Level

$55 – NULL – 0:0*, -5.47% From Current Price Level

$54 – Buyers – 0.4:0*, -7.18% From Current Price Level – 10 Day Moving Average*

$53 – Buyers – 1.67:1, -8.9% From Current Price Level

$52 – NULL – 0:0*, -10.62% From Current Price Level

$51 – Buyers – 1.22:1, -12.34% From Current Price Level

$50 – Buyers – 1.67:1, -14.06% From Current Price Level

$49 – Buyers – 2.43:1, -15.78% From Current Price Level – 50 Day Moving Average*

$48 – Sellers – 2.4:1, -17.5% From Current Price Level

$47 – Sellers – 1.1:1, -19.22% From Current Price Level

$46 – Sellers – 1.36:1, -20.94% From Current Price Level

$45 – Buyers – 1.11:1, -22.65% From Current Price Level

$44 – Sellers – 1.35:1, -24.37% From Current Price Level

$43 – Buyers – 9:1, -26.09% From Current Price Level

$42 – Sellers – 1.5:1, -27.81% From Current Price Level

$41 – Buyers – 1.12:1, -29.53% From Current Price Level

$40 – Buyers – 2.5:1, -31.25% From Current Price Level

$39 – Buyers – 29.5:1, -32.97% From Current Price Level – 200 Day Moving Average*

$38 – Sellers – 2.33:1, -34.69% From Current Price Level

$37 – Buyers – 1.02:1, -36.4% From Current Price Level

$36 – Sellers – 2.54:1, -38.12% From Current Price Level

$35 – Buyers – 5:1, -39.84% From Current Price Level

$34 – Buyers – 2.12:1, -41.56% From Current Price Level

$33 – Sellers – 3.2:1, -43.28% From Current Price Level

$32 – Buyers – 2.67:1, -45% From Current Price Level

$31 – Buyers – 1.02:1, -46.72% From Current Price Level

$30 – Sellers – 1.04:1, -48.44% From Current Price Level

$29 – Sellers – 3:1, -50.15% From Current Price Level

$28 – Buyers – 1.85:1, -51.87% From Current Price Level

$27 – Sellers – 2.7:1, -53.59% From Current Price Level

$26 – Sellers – 2.13:1, -55.31% From Current Price Level

$25 – Buyers – 2.92:1, -57.03% From Current Price Level

$24 – Buyers – 2.18:1, -58.75% From Current Price Level

$23 – Seller s- 5.67:1, -60.47% From Current Price Level

$22 – NULL – 0:0*, -62.19% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NUGT AT THE TIME OF PUBLISHING THIS ARTICLE ***

NAIL, the Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF has had an impressive year, advancing +238.29% while gaining +245.85% since their 52-week low set in October of 2023 & sits currently -20.18% below their 52-week high from October 18, 2024 (all figures ex-distributions).

NAIL provides investors with 3x levered exposure to the homebuilders & home building supplies industry, which have had a very strong past year as shown by their past year’s performance.

Some of NAIL’s largest holdings include D.R. Horton (DHI), Lennar Corporation (LEN), NVR (NVR), Pultegroup (PHM), Lowe’s Companies Inc. (LOW), Home Depot (HD), Sherwin Williams (SHW), Toll Brothers (TOL), Topbuild Corporation (BLD) & Builders Firstsource (BLDR).

Below is a brief technical analysis of NAIL, as well as a price level:volume sentiment analysis of the price levels NAIL has traded at over the past year.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NAIL.

Technical Analysis Of NAIL, The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF

Their RSI is currently trending towards the oversold level of 30 & sits currently at the 40.04 level, while their MACD crossed over bearishly on Monday & looks to continue downward in the near-term following yesterday’s -10.1% gap down session.

Volumes over the past week & a half have been +15.92% above the prior year’s average (364,430 vs. 314,385.65), as market participants have been eager to take profits following last Friday’s reaching of a new all-time high.

Last Monday NAIL opened on a gap up on very low volume & was able to break out above the 10 day moving average’s resistance & closed the day above it, setting the stage for reaching their new all-time high later in the week.

The low volume on such a large bullish candle did add a hint of skepticism about how strong the move actually was though, as there was not a great deal of participation despite the day’s wide trading range & higher close that resulted.

Tuesday confirmed this, when despite gapping up again on the open (which also is a function of the 3x leverage at play), NAIL continued higher to the $174/share mark before the bears stepped in & forced the closing price down to $167.26 (-3.87% lower from high to close).

It should be noted that the spinning top candle is concentrated near the bottom of the day’s range, indicating that market participants were showing uncertainty in the direction as to where NAIL’s shares should be valued.

Tuesday’s session’s volume was slightly higher than Monday’s, likely due to the profit taking in that 3.87% window after a few days of gains, but it was still relatively low, indicating weakness & a lack of conviction behind the move.

Wednesday opened on another gap up at $171.38 & moved higher, but still closed as a spinning top candle at $174.26, which when paired with the even lower volumes than the prior two days had indicates that investors were on edge & becoming cautious as prices approached their previous all-time high that was set in September.

The end of the line came in sight on Thursday, when the session opened higher & closed lower, resulting in a bearish engulfing candle as investors took profits from the prior days’ gap ups, although at a low rate given the low volume of the day.

The lower shadow on the day’s candle went down to $167.67, indicating that while the bulls were able to step in & force prices higher from there for the day, market participants were growing tired & losing steam.

Friday was the last hurrah for NAIL, as it opened higher & was able to clinch a new all-time high on the highest volume it has seen in weeks, but this proved to be the top of the diving board.

Monday saw volumes that eclipsed Fridays on a declining session that saw NAIL shed -10.17% on the day & smash through the support of the 10 day moving average.

Things got worse on Tuesday, when NAIL gapped down to open below the 50 DMA & lost another -10.1% on even higher volume for the day, as market participants began running towards the exits.

It is important to note as well that in addition to the support of the 50 DMA breaking down that day, the $145.88 & $144.77 support levels were also broken through, leaving the next support level at $137.17, -3.46% below yesterday’s closing price.

After that, the next highest support level is -7.14% below yesterday’s closing level, which might normally sound like a steep decline, but NAIL is 3x leveraged making it less steep of a fall compared to an un-levered ETF.

In the coming week it will be worth keeping an eye on whether or not NAIL can begin to consolidate & form a range off of the recent-20% drop or if it will continue lower to test those next support levels.

If it is able to consolidate keep an eye on the 10 DMA & 50 DMA as they approach the price to see how they influence it higher or lower.

Another key area to watch will be their volume, as it will lend clues into what their next direction may be.

If there is an uptick in advancing volume then there may be some strength to force another run upwards, but if prices continue to move in the low volume trends that marked much of October (minus the last three days & 10/4/24) then caution should be taken moving forward as the lack of participation should be viewed as a lack of confidence in the price moves.

It should also be noted that broader indexes have been showing signs of weakness in the past week & should they see fallout NAIL will not be exempt – more on that in this week’s market review note.

Price Level:Volume Sentiment Analysis For NAIL, The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF

The top table below shows the support & resistance levels of NAIL from the past year’s chart, as well as their price level:volume sentiment at each, using Tuesday 10/22/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level NAIL has traded at over the past year.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NAIL ETF.

$180 – NULL – 0:0*, +26.69% From Current Price Level

$178 – NULL – 0:0*, +25.28% From Current Price Level – All-Time High*

$176 – NULL – 0:0*, +23.87% From Current Price Level

$174 – Buyers – 6.3:0*, +22.47% From Current Price Level

$172 – NULL – 0:0*, +21.06% From Current Price Level

$170 – Buyers – 1.55:1, +19.65% From Current Price Level

$168 – Buyers – 1.5:0*, +18.24% From Current Price Level

$166 – Buyers – 3.93:1, +16.84% From Current Price Level

$164 – Buyers – 1.1:1, +15.43% From Current Price Level

$162 – Sellers – 6.8:0*, +14.02% From Current Price Level

$160 – Buyers – 4:0*, +12.61% From Current Price Level – 10 Day Moving Average*

$158 – Sellers – 3.25:1, +11.2% From Current Price Level

$156 – Buyers – 4.44:1, +9.8% From Current Price Level

$154 – Sellers – 4:1, +8.39% From Current Price Level

$152 – Buyers – 2.64:1, +6.98% From Current Price Level

$150 – Sellers – 5.9:0*, +5.57% From Current Price Level – 50 Day Moving Average*

$148 – Buyers – 4.7:0*, +4.17% From Current Price Level

$146 – Sellers – 1.8:0*, +2.76% From Current Price Level

$144 – Buyers – 4.4:1, +1.35% From Current Price Level

$142 – Sellers 2.1:0*, -0.06% From Current Price Level – Current Price Block*

$140 – Sellers – 1.18:1, -1.46% From Current Price Level

$138 – Sellers – 1.31:1, -2.87% From Current Price Level

$136 – Seller s- 1.59:1, -4.28% From Current Price Level

$134 – Buyers – 3.59:1, -5.69% From Current Price Level

$132 – Buyers – 2.65:1, -7.09% From Current Price Level

$130 – Buyers – 2.18:1, -8.5% From Current Price Level

$128 – NULL – 0:0*, -9.91% From Current Price Level

$126 – Buyers – 1.5:1, -11.32% From Current Price Level

$124 – Sellers – 6.8:0*, -12.73% From Current Price Level

$122 – Buyers – 5.4:0*, -14.13% From Current Price Level – 200 Day Moving Average*

$120 – Sellers – 6.5:0*, -15.54% From Current Price Level

$118 – Buyers – 4:1, -16.95% From Current Price Level

$116 – Sellers – 1.8:0*, -18.36% From Current Price Level

$114 – Sellers – 1:0*, -19.76% From Current Price Level

$112 – sellers – 1.38:1, -21.17% From Current Price Level

$110 – NULL – 0:0*, -22.58% From Current Price Level

$108 – Buyers – 1.3:0*, -23.99% From Current Price Level

$106 – Buyers – 7.7:1, -25.39% From Current Price Level

$104 – Buyers – 3:1, -26.8% From Current Price Level

$102 – Sellers – 2.8:0*, -28.21% From Current Price Level

$100 – Sellers – 2.08:1, -29.62% From Current Price Level

$99 – Sellers – 2.29:1, -30.32% From Current Price Level

$98 – Buyers – 1.11:1, -31.02% From Current Price Level

$97 – Sellers – 1.3:0*, -31.73% From Current Price Level

$96 – Sellers – 1.8:0*, -32.43% From Current Price Level

$95 – Sellers – 0.8:0*, -33.14% From Current Price Level

$94 – NULL – 0:0*, -33.84% From Current Price Level

$93 – Buyers – 1:0*, -34.54% From Current Price Level

$92 – Buyers – 1.5:08, -35.25% From Current Price Level

$91 – Sellers – 2.7:0*, -35.95% From Current Price Level

$90 – Buyers – 1.9:0*, -36.66% From Current Price Level

$89 – NULL – 0:0*, -37.36% From Current Price Level

$88 – NULL – 0:0*, -38.06% From Current Price Level

$87 – NULL – 0:0*, -38.77% From Current Price Level

$86 – NULL – 0:0*, -39.47% From Current Price Level

$85 – Sellers – 1.38:1, -40.17% From Current Price Level

$84 – Sellers – 2.55:1, -40.88% From Current Price Level

$83 – Sellers – 1.2:0*, -41.58% From Current Price Level

$82 – NULL – 0:0*, -42.29% From Current Price Level

$81 – NULL – 0:0*, -42.99% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NAIL AT THE TIME OF PUBLISHING THIS ARTICLE ***

PSIL, the AdvisorShares Psychedelics ETF has declined -9.65% over the past year, falling -24% from its 52-week high in March of 2024, while having rebounded +80.95% from its 52-week low set in October of 2024 (all figures ex-distributions).

PSIL ETF is designed to give investors exposure to the growing field of using psychedelics for mental healthcare research.

It also gives exposure to companies in the U.S., Canada, Europe, the U.K. & Australasia for investors looking to get more international exposure in their portfolios.

Some of its top holdings include Mind Medicine Inc. (MNMD), Cybin Inc. (CYBN), Incannex Healthcare Inc. (IXHL), GH Research PLC (GHRS), Alkermes PLC (ALKS), Atai Life Sciences NV (ATAI), Clearminded Medicine Inc. (CMND), Quantum Biopharma LTD. (QNTM), Sage Therapuetics (SAGE) & Relmada Therapuetics (RLMD).

Below is a brief technical analysis of PSIL, as well as a price level:volume sentiment analysis of the price levels PSIL has traded at over the past 2-3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on PSIL.

Technical Analysis Of PSIL, The AdvisorShares Psychedelics ETF

Their RSI is re-approaching the overbought level of 70 for the second time in a week & currently sits at 67.99, while their MACD is still bullish in the wake of last Tuesday’s session where shares jumped +99.49% day-over-day, but the histogram is beginning to wane.

Volumes were +1,891.94% above the prior year’s average over the past six sessions (211,996.67 vs. 10,642.72), mostly due to the major gaining session of 10/15/2024 & the subsequent profit taking/chasing that followed.

Before we get into the last week, PSIL had been in a steady decline for the past seven months, which will be important to keep in mind when we get into the next section.

Last Monday, PSIL began to show signs of life just two days after reaching a fresh 52-week & all-time low price of $7.14/share.

Despite happening on low volume, shares opened on a gap up & ran from an opening price of $7.31/share to the closing & day’s high price of $7.85 (+7.39% open to close gain for the day).

Tuesday also opened on a gap up at $7.99/share & proceeded to run higher on the second highest volume of the year to a high of $15.80 to close just lower at $15.66 for the day.

Given that this close was higher than 98% of their past year’s closing prices there was a great deal of profit taking on Wednesday, when the session opened lower at $15/share, retraced down to $12.80/share but was able to find footing & rally back to close at $13.85/share.

Wednesday naturally had the highest volume of the past year between people taking profits, people cashing out of long-held positions & other market participants trying to jump in & chase after the recent major gains in hopes that prices would continue to rally higher.

Thursday the declines continued, but the volume & day’s range were both much lower & the profit taking began to die down & a new consolidation range began to find footing near the $12.50/share mark.

Friday confirmed that investors were indeed with the $12.50 mark as the session opened slightly below it, before testing up as high as $13.01 (Thursday’s high was $13.02) & settling for the day at $12.63/share.

While the real body of Friday’s candle was focused on the lower third of the day’s range, volume was the third highest of the day as there appears to have been a mix of profit taking & risk-off into the weekend selling on the advancing session.

Monday’s session had glimmers of optimism, but also flashed caution lights for PSIL ETF.

The session opened on a gap higher, tested down to $0.05 lower than Friday’s close before powering higher to close the day +2.3%.

Volumes were above average Monday, but paled in comparison to the preceding five sessions which indicates weakness in sentiment, but the day’s high was $13.04, so there was appetite for higher prices than the prior two sessions.

Something to watch in the coming week is how PSIL moves in relation to broader markets, which look set to experience heightened volatility in the near-term (more on that in this week’s market review note).

If major indexes see major fallout they will not be immune, but they may fare better in the wake of the recent price run up & beginning of a new trading range establishment.

With that in mind, it will be important to have an understanding of how their support levels have previously been treated by market participants.

There are many in the support zone of $12.43-12.92, but if prices break down through that we will not see support again until $11.94-11.84 (pending the 10 day moving average doesn’t get above those levels first, which will depend on how long it takes for said test to play out).

Another key area to watch is the $12.92/share mark, which is yesterday’s closing price & also a support/resistance level from December of 2023.

In the event of upside movement that crosses through that & sets it as a support level, if prices continue up to $13.00/share they enter a Buyer dominated price zone, which may help them find footing to continue climbing.

If they don’t & it serves as resistance then PSIL will be stuck in a Seller dominated zone(s), as shown in the table below.

Before reading the table below, recall the note above of how PSIL had been in steady decline for most of the past seven months.

This would mean that a majority of their past year’s price levels are skewed towards Seller’s being the victorious force at play.

Most of the upside action from that time period came from last Tuesday’s jump, which will not be reflected in each price level’s data.

With that said, when using the ratios below that favor the Sellers, it is important to consider the magnitude of the Sellers:Buyers at each price zone compared to one another.

If a zone has 3:1 Sellers:Buyers & the next zone has only 1.08:1 Sellers:Buyers, it should be inferred that the former is more likely to be weaker than the latter based on historic behavior.

Once these zones have been tested more thoroughly the ratios will even out more & some may even flip to be Buyer dominated.

Again, this is not intended to serve as financial advice, but rather as a barometer of sentiment that can be used with your other due diligence practices.

Price Level:Volume Sentiment Analysis For PSIL, The AdvisorShares Psychedelics ETF

The top table below shows the support & resistance levels of PSIL from the past year’s chart, as well as their price level:volume sentiment at each, using Monday 10/22/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level PSIL has traded at over the past 2-3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on PSIL ETF.

$51 – NULL – 0:0*, +294.74% From Current Price Level

$50 – NULL – 0:0*, +287% From Current Price Level

$49 – NULL – 0:0*, +279.26% From Current Price Level

$48 – NULL – 0:0*, +271.52% From Current Price Level

$47 – NULL – 0:0*, +263.78% From Current Price Level

$46 – Even – 1:1, +256.04% From Current Price Level

$45 = Buyers – 0.1:0*, +248.3% From Current Price Level

$44 – Sellers – 0.1:0*, +240.56% From Current Price Level

$43 – Sellers – 0.1:0*, +232.82% From Current Price Level

$42 – Sellers – 0.1:0*, +225.08% From Current Price Level

$41 – NULL – 0:0*, +217.34% From Current Price Level

$40 – NULL – 0:0*, +209.6% From Current Price Level

$39 – Buyers – 0.5:0*, +201.86% From Current Price Level

$38 – Buyers – 9:1, +194.12% From Current Price Level

$37 – Sellers – 6:1, +186.38% From Current Price Level

$36 – Buyers – 0.4:0*, +178.64% From Current Price Level

$35 – Sellers – 0.3:0*, +170.9% From Current Price Level

$34 – Sellers – 6:1, +163.16% From Current Price Level

$33 – Seller s- 0.2:0*, +155.42% From Current Price Level

$32 – Sellers – 0.1:0*, +147.68% From Current Price Level

$31 – Buyers – 7:1, +139.94% From Current Price Level

$30 – Sellers – 5:1, +132.2% From Current Price Level

$29 – Sellers – 0.3:0*, +124.46% From Current Price Level

$28 – Even – 1:1, +116.72% From Current Price Level

$27 – Buyers – 1.5:1, +108.98% From Current Price Level

$26 – Sellers – 2.5:1, +101.24% From Current Price Level

$25 – Even – 1:1, +93.5% From Current Price Level

$24 – Sellers – 1.5:1, +85.76% From Current Price Level

$23 – Sellers – 3.5:1, +78.02% From Current Price Level

$22 – Sellers – 1.25:1, +70.28% From Current Price Level

$21 – Even – 1:1, +62.54% From Current Price Level

$20 – Buyers – 1.67:1, +54.8% From Current Price Level

$19.50 – Buyers – 3.5:1, +50.93% From Current Price Level

$19 – Buyers – 1.25:1, +47.06% From Current Price Level

$18.50 – Sellers – 6:1, +43.19% From Current Price Level

$18 – Buyers – 3:1, +39.32% From Current Price Level

$17.50 – Even – 1:1, +35.45% From Current Price Level

$17 – Sellers – 2:1, +31.58% From Current Price Level

$16.50 – Sellers – 4:1, +27.71% From Current Price Level

$16 – Even – 1:1, +23.84% From Current Price Level

$15.50 – Buyers – 15.17:1, +19.97% From Current Price Level

$15 – Buyers – 1.63:1, +16.1% From Current Price Level

$14.50 – Buyers – 1.86:1, +12.23% From Current Price Level

$14 – Sellers – 1.22:1, +8.36% From Current Price Level

$13.50 – Sellers – 9.91:1, +4.49% From Current Price Level

$13 – Buyers – 2.33:1, +0.62% From Current Price Level

$12.50 – Sellers – 1.5:1, -3.25% From Current Price Level – Current Price Block & 10 Day Moving Average**

$12 – Sellers – 3:1, -7.12% From Current Price Level

$11.50 – Sellers – 0.5:0*, -10.99% From Current Price Level – 200 Day Moving Average*

$11 – Sellers – 3:1, -14.86% From Current Price Level

$10.50 – Buyers – 1.67:1, -18.73% From Current Price Level

$10 – Sellers – 2.25:1, -22.6% From Current Price Level

$9.50 – Sellers – 8:1, -26.47% From Current Price Level

$9 – Buyers – 2.33:1, -30.34% From Current Price Level

$8.50 – Even – 1:1, -34.21% From Current Price Level – 50 Day Moving Average*

$8 – Sellers – 1:0*, -38.08% From Current Price Level

$7.50 – Sellers – 1.9:1, -41.95% From Current Price Level

$7 – NULL – 0:0*, -45.82% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN PSIL AT THE TIME OF PUBLISHING THIS ARTICLE ***