$SPX Break Above 6816 Triggers Rally Across $NVDA $META $QQQ
In last Saturday’s Weekly Compass, I noted that our high-probability setups were contingent on the $S&P 500(.SPX)$ conquering $6,816.
The market offered a gift with Monday’s negative opening; once that key level was reclaimed during market hours, more precisely at 10:40 AM, the panic cleared. Both long-term investors and traders watched as the SPX crossed that line slowly, with no rush, giving a gentle opportunity to take action.
Once in bullish territory, the high-probability setups were triggered. $NVIDIA(NVDA)$ $Netflix(NFLX)$ $Meta Platforms, Inc.(META)$ $Invesco QQQ(QQQ)$ had validation, and every one of them has since reached its extended bullish targets. This is a good example of the market’s mathematical nature and the precision of our levels used as triggers.
While the run has been stellar, let’s remain disciplined. The daily levels for the SPX, ETFs, and the Magnificent Seven for tomorrow are now live. Tomorrow is a critical day for the stock market; navigating this rally using our levels remains the key to managing risk.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
