Despite choppy price action across the broader indices, the individual setups posted on Saturday continue playing out:
🎯 AVGO pushes higher (+6% this week), holding above the 372 bullish target.
🎯 COST is up +2.4%, reaching its extended level of 945.
🎯 AMZN advanced +3.3%, surpassing the modeled 258 milestone.
🎯 SPCX and TSLA are currently undergoing healthy consolidations.
🎯 GOOG is brewing its anticipated move while holding the 341 line, the critical weekly level that defines the bullish bias above it.
In the meantime, the SPX gave its first sign of consolidation by losing yesterday’s Central Daily Level (CDL) of 7,823. The price moved toward 7,763 at this morning’s open, our last daily support level published yesterday. That line of defense held firm until 11:00 AM, when buyers stepped in, recovering the print and traveling up to 7,801 (another daily level posted last night).
Think of these levels like a staff for a musician: price action moves among them, and having these reaction points gives us an edge in anticipating where consolidation zones can form.
Today’s recovery is promising, but it still leaves the SPX in a fragile spot heading into tomorrow. The updated Central Daily Level and all the layers around is posted below, alongside the institutional algorithmic reaction layers.
Let’s break down the status of our setups, plus two additional charts worth watching.
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Today’s Agenda
Charts and Setups Update: SPX, QQQ, Megacaps
Volatility Index - Educational Content and Current State
Combined Levels for SPX, ES=F, AMZN, GOOG, TSLA, SPCX, AVGO, COST
Daily plan for SPX, ES=F
Watchlist Tracker
Let’s begin.