Performance Review: Precision in a Volatile Market
Support and Resistance Levels for Next Week: SPX, Futures, Indices, Magnificent Seven, Crypto and other Megacaps
Two weeks ago this publication anticipated the high probabilities for a reversal given extreme oversold conditions. Back then, the price action was extremely oversold and sentiment was at lows not seen since the previous crash in April 2025.
When the market began its bounce on March 31, essential levels were reclaimed. First, the Central Daily Level (our “Bullish Above / Bearish Below” indicator) sat at 6,362. The price opened above this level, providing an immediate bullish signal to subscribers who use our levels for validation. Subsequently, our Central Weekly Level (CWL) of $6,458 “sealed the deal,” confirming the weekly reversal and validating the bullish setups for the SPY, DIA, IWM, and QQQ anticipated the prior week.
Last week, as market conditions improved, I posted a set of bullish setups with the following results:
AMD: Exceeded its extended target of $234.3 (+7.7%), peaking at a +12.6% weekly gain.
META: Highlighted for bullish continuation with an extended target of $629.2 (+9.5%); it closed the week at $629.86.
AVGO: Surpassed its modest +5.7% extended target to reach a massive +18% gain.
MSFT: Reached its extended target of $385 (a +3.3% move) before retracing.
COST: The extended target as 1,036 for a +2.1% move, the price reversed exactly after touching that point on Thursday.
SPY: With an extended target of $677.1, for a +3.2% move, the high of the week was $682, only five points above the target, allowing an easy profit taking or adjustments of stops.
QQQ: $608.2 was the extended expectation with a +4.0% move, the actual weekly move was 4.4%
How are these high-probability targets set? They are derived from professional technical analysis and these modeled Support and Resistance levels, which are updated every Friday. Each setup includes a Central Weekly Level to manage stops and invalidate the thesis, along with primary targets, extended targets, and “inversion” levels if the setup flips from bullish to bearish.
Not all setups are bullish. For example, XOM was identified with a bearish target of $154.7 (a -3.7% move) as long as the price remained below $165.5. The actual weekly move was a significant -5.9%.
Unlock the Support and Resistance Levels for next week including these securities:
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, BRK.B, 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
Having a constant set of securities help you managing rotations and anticipating moves in your favorite individual names.
Today I’m adding some historical charts that will provide references to manage the gap printed on Wednesday for the SPX and our securities in general, including the bearish gap for XOM and VXX.
Unlock essential information for your trading next week.