Momentum is building across the major indexes, but several critical resistance and support levels are now coming into focus.
Here are the three charts I'm watching. đ
1. $NASDAQ 100(NDX)$
Price action is narrowing, anticipating a big move is coming. Don't fight the bullish move, but beware the gap below, -1.8% from the latest closing price.
Bulls want a gap fill for good, the next hurdle is 30,180.
2. $S&P 500(.SPX)$
Bullish resolution: Breakout above the diagonal. With the price not yet overextended, more upside is likely.
Last night, subscribers received a central level of 7,524, with bullish targets set at 7,566 and 7,589.
3. $VanEck Semiconductor ETF(SMH)$
Posted last night this chart to subscribers: risks in semiconductors.
The premarket action is bearish. I'm now posting daily levels for the $SPX and zooming in on the critical elements to watch.
Daily levels were shared for $Micron Technology(MU)$ $Advanced Micro Devices(AMD)$ + more semiconductors to navigate them.
Comments