April Week 4 Deployment - Review on April 19 and 22

This cake is very creative: but behind every nagging, there is sincere emotion.

$NASDAQ Composite Index(.IXIC.US)
Last week, we mentioned to be cautious about the Nasdaq $Invesco QQQ Trust(QQQ.US)  $Nasdaq 100 Index Continuous Contract(2406)(NQmain.US)$Proshares UltraPro Short QQQ ETF(SQQQ.US)  $FI2CSOPNASDAQ(7568.HK) 
Support below: 15150, 14720 $Proshares UltraPro QQQ(TQQQ.US)  $FL2CSOPNASDAQ(7266.HK)

$S&P 500(.SPX.US) After entering the third phase last week, it saw another pullback and simultaneously broke the critical 5000 level. Market breadth, whether for the Nasdaq or NYSE $SPDR S&P 500(SPY.US), showed clear signs of deterioration. Note that 4910 is the next clear support level.
Be aware that the three major U.S. stock indices have likely peaked this year.
Resistance above: 5035, 5109
Support below: 4910, 4845

$Dow Jones Industrial Average(.DJI.US) The Dow led the decline earlier, but this week's drop was not as sharp as the Nasdaq's, mainly due to the significant pullback in tech stocks. For now, the Dow is more likely to find support at current levels, but it also has a high chance of having peaked this year.
Resistance above: 38700, 39150
Support below: 37800, 37250

$Tesla(TSLA.US)
After mentioning last week that the rebound might be over, the stock price plunged; it is now in an accelerated decline phase. The next support level is at 131.
Support: 130, 114, 100
Resistance: 152, 161, 166

$Apple(AAPL.US)
As expected, after rebounding to the major resistance at 180, it immediately pulled back sharply; the weekly chart has completely weakened. The stock has clearly entered the third phase, meaning it has likely peaked this year.
Support: 162, 158, 155
Resistance: 168, 172, 177

$Alphabet(GOOGL.US)
Although Google is one of the strongest among the tech giants, the overall weakness in tech stocks has caused its price to lose upward momentum. However, the stock is currently at a major support level, so short positions are not considered for now.
Support: 151, 153.5
Resistance: 157, 160

$Macys(M.US)eta Platforms(META.US) After breaking below 500, it confirmed a false breakout for META; the stock has clearly lost upward momentum, and caution is needed as it may gradually form a large rounding top.
Resistance: 520
Support: 476, 455, 409

$NVIDIA(NVDA.US)
Last week, we mentioned that after breaking below 850, the stock would quickly fall below 800; the power of breaking key levels was still underestimated. Boldly assuming NVDA has peaked this year; the large-volume bearish candle breaking the 50-day moving average confirms the third-phase trend.
Support: 740, 690, 660
Resistance: 850, 890

$Hang Seng Index(800000.HK)$
After clearly breaking the uptrend line last Monday, the trend further declined. Market breadth showed weakness again in the advance-decline line. This week's trend is crucial; if it tests 16080 again at the close, it could confirm a downtrend targeting the previous low. However, if it holds above 16450, last week's break could be false. Today, it rebounded above 16450, so reconsider if it's a false break.
Resistance: 16830, 16970, 17160 $FI2 CSOP HSI(7500.HK) 
Support: 16470, 16250, 15980 $FL2 CSOP HSI(7200.HK)

$Hang Seng Tech Index(800700.HK)$
The Tech Index clearly showed a downtrend last week; if it remains below 3320 this week, the downtrend will continue. Conversely, closing above 3430 would eliminate the downside risk.
Support: 3200, 3160 $XL2CSOPHSTECH(7226.HK) 
Resistance: 3320, 3400 $XI2CSOPHSTECH(7552.HK)

$TENCENT(700.HK) After breaking the downtrend line, it continues to rise; however, there are many overhead resistance zones, making a further surge difficult. For now, a pullback to around 300 is more likely. Major support is at 300, and it may form a range-bound trend (298~315). A successful break above 315 could lead to a one-sided uptrend.
Support: 301, 300, 298
Resistance: 312, 318, 320

$Barrick Mining(B.US)ABA-W(9988.HK) After breaking below the range, the stock continued to seek a bottom; the major support level is at 64.6. For now, the stock is in an extended downtrend; watch for a possible minor rebound.
Support: 64.6, 63.5, 62
Resistance: 67, 68.5, 71

$Macys(M.US)EITUAN(3690.HK) After rebounding nearly 66% from the low, it finally hit major resistance at $FA CSOP ETH(3068.HK)
Bought back $FA CSOP ETH(3068.HK); Ethereum has clearly reached a key support level, and a deeper drop could set the stage for a rebound.
$Macys(M.US)ini Hang Seng Index Futures 2404(MHI2404.HK)$
After a false breakdown, Hang Seng futures quickly filled the gap; the key level is 16380. Considered going long but sold with slight profits due to unfavorable entry, fearing another pullback. Currently, it's unlikely to drop further and may see a significant rebound.
2. Reflection
The true wisdom of trading lies not in guessing right or wrong but in the art of execution: how much you bet when right and how much you gain from a major trend; how small your bet is when wrong and how quickly you cut losses. The market is inherently unpredictable; even the most professional institutional traders on Wall Street have only a 50% accuracy rate. Thus, the key to trading success lies in execution.
3. Deployment
$Genpact(G.US)old Continuous Contract(2406)(GCmain.US)$ After a series of positive news, the price hovers around 2400. EMA10 remains a major support level; as long as the price moves upward along EMA10, there's no timing for short positions. However, note that it clearly broke below EMA10 yesterday, so long positions are likely profitable; watch for hedging opportunities $Leverage Shares 1x Short Gold ETF(07374.HK)$ 
Support: 2370, 2330, 2280
Resistance: 2440

$Barrick Mining(B.US)itcoin Reference Rate Continuous Contract(2404)(BTCmain.US)$FA CSOP BTC(3066.HK) for deployment.
Support: 63700, 62150, 59600
Resistance: 65600, 69000, 70000

$W&T Offshore(WTI.US) Crude Oil Continuous Contract(2406)(CLmain.US)$ Oil showed weak trends despite good news; caution is needed as the uptrend may end. The 50-day moving average is the key bull-bear line.
Support: 80.9, 79.2, 78.2
Resistance: 83.1, 85

Watch $FTSE China A50 Continuous Contract(2404)(CNmain.SG)$ A50 shows promising trends and may break upward again; consider long positions $Leverage Shares 2x Long FTSE China A50 ETF(07248.HK)$.

This week's key sectors to watch are transportation and construction: $CHINA RAILWAY(390.HK)  $CHINA RAIL CONS(1186.HK)  $CHINA COMM CONS(1800.HK); stocks are poised to break key levels. Focus on $CHINA CRSC(3969.HK), which has seen heavy trading volume recently; the key level is 3.3, with defense at 2.9.