Jul. 11 at 9:33 PM
$HOOD is sitting at a key technical inflection point.
The weekly chart continues to respect the
$110 zone as major support, but bulls need stronger follow-through to avoid the current price action evolving into a potential short-term topping pattern.
Here's what I'm watching:
Hold above
$110 and reclaim momentum
Higher volume on advances
A higher low, if it forms, would still keep the broader uptrend intact
Not every pullback is bearish. Healthy trends often pause before the next leg higher.
For now,
$110 remains the line in the sand. The next move from here could define the next major swing.
