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$NVDA - While the focus is on the four MAG 7s that reported yesterday, it turns out NVDA's breakout on Monday was a false breakout and it will close below the 10 day MA. The next support is the 20 day MA at 196 and it will remain bullish as long as it doesn't close below it.

$MSFT - Down ~4.2%. It undercut the 20 day MA earlier but is currently above it. Closing above the 20 DMA would keep it in a short term bullish position. Closing below the 20 DMA would lead to a deeper retracement of the rally out of the March low, targeting the 386-395 range.

$META - Currently down almost 10%. The 0.5 retracement of the rally out of the March low is 605. If it closes above 605 then maybe it bottomed today. If it closes below 605 the next support is the 0.618 retracement at 585.

There's no other way to describe the investors reaction to MAG 7 earnings other than idiotic. They're selling off the cheaper stocks in favor of buying the more expensive ones. Whoever buys $GOOGL at a 30X forward PE in favor of $META at a 20X forward PE is an idiot.

$SPX hit the 10 day MA today and hasn't confirmed a short term top yet, but that's likely to change tomorrow after the mixed reaction to MAG 7 earnings. A close below the 10 DMA would lead to a pullback to at least the 20 day MA that is currently at 6944 but rises every day.

$Silver - The rising prices formation since the March 23 low was violated today with the decline below 72.59. The next downside target is either the 200 day MA that is currently at 62.40 or the March 23 low at 61.

$Gold - The rising prices formation since the March 23 low was violated today with the decline below 4644. There are 2 potential downside targets for the next low: the 1st target is the 200 day MA again(currently at 4260). The 2nd target is the March 23 low at 4100.

$SPX - Closed above the 2nd monthly resistance. The next resistance is 7431 but I don't expect it to be hit this week despite today's close. I still expect a pullback at some point this week, but it may not happen before Thursday, the day after the FOMC and four MAG 7 earnings.

$NVDA breaking out to a new ATH on a day the rest of the semiconductor sector sold off wasn't in my cards. The next monthly resistance is $223.

$BTC - Since the March 29 low it has made higher highs and higher lows. If it falls below the recent short term low at 73786 we would have the 1st indication that the next down leg of the bear market has started.

What is this nonsense? Microsoft is barely down and the entire daily range is only 1.8%. That is cheap engagement farming.

$SPX has made some sort of top every 13 weeks since July, whether it's a short term top like in July, or a multi week top like in January. We may see another one next week. I expect rotation, semi stocks will sell off while software stocks will rally, resulting in a down week.

$MSFT - Despite the 4 week rally it has not confirmed an intermediate term low yet since it has to regain the 20 week MA to do that, but I expect it to be confirmed next week and the rally out of the March low to continue and head to the yearly pivot at 461.

$META - Unlike most tech stocks it closed the week down. Earnings on Wednesday will determine its next move: continue the rally to the next resistance at 744, or give back some of the gains it made in the last 4 weeks. A weekly close below the yearly pivot at 645 will be bearish.

$GOOGL - Up 4 weeks in a row and almost back to the ATH at 349. Earnings on Wednesday will determine if it breaks out and heads to the 1st yearly resistance at 381, or gives back some of the gains it made over the last 4 weeks.

$AMZN - The 1st MAG 7 stock to make a new ATH this week. The next upside target is the 1st yearly resistance at 272. A weekly close above 272 will lead to the 2nd yearly resistance at 314, but given that it's up 4 weeks in a row, it's more likely that it will pull back at 272.

$SOX is more than 100% above its 200 week MA. It closed above the threshold last week. The only other time it did that was in November 1999, 4 months before the bull market top in March 2000. While earnings are not comparable by any means to then, it's something to keep in mind.