On Saturday, I highlighted the key support levels where last week’s selloff stalled: a long-term moving average for the SPX and an annual level for the NDX. Both lines held as support. Now, price must hold key weekly levels to maintain momentum and prove that this bullish start to the week can carry through Friday and it will not vanish as it has happened several times recently.
Risk remains elevated, the VIX sits near 18 despite today’s pullback, meaning price action can easily trap both bulls and bears. That said, several setups highlighted on Saturday are moving in our favor: PLTR kicked off the week with strength, joined by XOM, AVGO, and WMT.
We also considered the likelihood of a bounce in names like NVDA, IWM, and TSLA. For TSLA, I noted that “the next milestone is $389.2.” Price surged well beyond that today, reaching 391 for a +5.2% move.
The central question now is whether this momentum can sustain. For that reason, tomorrow’s Compass is ready with daily levels for SPX and ES=F, key megacaps reporting earnings this week (MSFT, AMZN, LLY, V, and GOOG), and semiconductors like NVDA and AMD that showed constructive action today even as some continue working to reclaim critical levels.
The levels shared here are modeled based on price action and volume footprints, giving you a disciplined framework to anticipate where institutional algorithms will react. Research from the Bank for International Settlements (BIS) confirms that algorithmic and automated strategies drive 70% to 80%+ of total volume in U.S. and developed equity markets. The modeled levels posted here are designed around that reality as paid subscribers know.
In case you missed it, this week’s full analysis with technical conditions and key levels is available here, along with links to the downloadable one-pagers with fundamental analysis for META, TSLA, SPCX, and NFLX:
This is the watchlist permanently studied:
Indices & Futures: SPX, NDX, DJI, IWM, ES=F, NQ=F
ETFs: SPY, QQQ, SMH, TLT, GLD, SLV, DIA, VXX
Major Stocks: AAPL, MSFT, GOOG, AMZN, NVDA, META, TSLA, SPCX, LLY, WMT, AVGO, COST, JPM, XOM, PLTR, NFLX, V, AMD
Crypto & Related: Bitcoin, Ethereum, ETHA, IBIT
Leveraged ETFs: TQQQ, SQQQ, UDOW, SDOW, UPRO, SPXS, URTY, SRTY
If you trade some of those securities, this publication is for you.
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Today’s Agenda
Daily plan for SPX, ES=F
Daily, Monthly, and Weekly Levels Combined for SPX, ES=F, NVDA, AMZN, MSFT, GOOG, AVGO, and AMD
Watchlist Tracker
Let’s begin.