How I led my group trade in correct direction when everyone was drawing two arrow or shorting bottom

Technical analysis of major indices such as the S&P 500, NASDAQ, and others involves studying price movements and trading volumes to forecast future price movements. Here's an overview of the technical analysis for these indices:
S&P 500 (SPX) and SPDR S&P 500 ETF (SPY):
The S&P 500 index is a broad-based market index comprising 500 of the largest companies in the United States. Technical analysis of the S&P 500 involves examining key support and resistance levels, trend lines, moving averages, and momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). Traders often use Fibonacci retracement levels to identify potential reversal points.
The SPDR S&P 500 ETF (SPY) is an exchange-traded fund that tracks the performance of the S&P 500 index. Technical analysis of SPY mirrors that of the S&P 500 index itself.
NASDAQ Composite (Nasdaq) and Invesco QQQ Trust (QQQ):
The NASDAQ Composite index includes more than 2,500 stocks listed on the NASDAQ exchange, predominantly technology and growth-oriented companies. Technical analysis of the NASDAQ involves similar techniques as the S&P 500, with a focus on technology sector trends. The Invesco QQQ Trust (QQQ) tracks the NASDAQ-100 index, comprising the largest non-financial companies listed on the NASDAQ exchange. Technical analysis of QQQ involves analyzing the performance of leading technology stocks such as Apple, Microsoft, Amazon, and Alphabet.
Dow Jones Industrial Average (YM):
The Dow Jones Industrial Average consists of 30 large-cap stocks representing various sectors of the U.S. economy. Technical analysis of the Dow Jones involves analyzing price patterns, support and resistance levels, and trend indicators. Given the smaller number of stocks in the index compared to the S&P 500, individual stock movements can have a significant impact on the index as a whole.
E-mini S&P 500 Futures (ES) and E-mini NASDAQ-100 Futures (NQ):
E-mini futures contracts are popular among traders for index-based trading. The E-mini S&P 500 (ES) and E-mini NASDAQ-100 (NQ) futures contracts track the performance of their respective indices. Technical analysis of futures contracts involves analyzing price patterns, volume, open interest, and market sentiment. Traders often use support and resistance levels, trend lines, and oscillators to identify potential entry and exit points.
In summary, technical analysis of major indices such as the S&P 500, NASDAQ, and others involves applying various technical indicators and charting techniques to forecast future price movements. Traders use this analysis to make informed trading decisions and manage risk effectively in the dynamic financial markets.

[@navjotsingh8163]

Hey bro your analysis for NQ1 can be taken the same for SPY.