The weekly support and resistance levels modeled for the week ahead frame price action with precision. Technical analysis provides the directional probabilities, while these modeled support and resistance levels validate the thesis that technical indicators suggest.
For example, I anticipated a bullish reversal for GOOG based on technical indicators illustrated transparently to paid subscribers last Saturday, providing the central weekly level (CWL) of 341 as the trigger/confirmation. That move materialized on Monday, and the initial upside target was modeled at 349.4, the zone reached on Thursday and revisited today. The weekly move was +2.2% 🎯.
TSLA was set as a high probability bullish setup as well, setting 363.7 as the conditional level to hold as support, that central weekly level was respected yesterday when the market declined, the stock surpassed its weekly target of 381.5 gaining +3.3% this week 🎯.
Bullish expectations for COST were also documented with technical indicators shared on Saturday. The central weekly level was set at 918.5, holding above that threshold validated the bullish thesis. The upside targets were established at 933.1, and 945.6. By Tuesday, 933 was surpassed, and by Thursday the 945.58 target flipped to support. The stock gained +2.9% this week 🎯.
Given the precision of these levels, they are solid references to set a stop loss as well: AVGO, moved according to my bullish expectations, 372 as the bullish extended target was surpassed by Tuesday (+5% move 🎯), leading up to 384.14 before a measured rejection. When a target (372) is breached and flipped to support, it allows traders to lock in gains or set stops the level reached and let the price action to confirm any reversal by a breach of the level. We will study why the bullish setup is still in play.
AMZN as a bullish setup gained +4.3% 🎯 by flipping our modeled target 258.8 to support, SPCX presents a case like AVGO: reversal from the surpassed target of 169 +6.4% 🎯, but the bullish case continues in play; not to mention that SpaceX signed a major deal that provides SpaceX with the specific wireless frequencies needed to power its “Starlink Mobile” initiative, allowing Starlink satellites in space to beam cellular signals directly to ordinary smartphones.
Weekly levels work for swings or short-term moves, monthly levels for long-term positions, both are modeled and combined here every Friday for you, allowing to assess risk and reward before the market opens on Monday. You don’t have to wait for the opening bell to decide your plan and which securities to trade; you have here the distances to essential levels and the bullish or bearish considerations for each stock, so you make informed and serene decisions ahead of Monday morning… actually since Friday afternoon.
My Core Watchlist:
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 one or some of these securities this publication is for you, and if you’re interested in other stocks or ETFs, you can submit them as paid subscriber using the premium chat, and their levels are modeled for next week, and posted during the weekend in the Paid Subscribers space, where you can find support and resistance guidelines. Find them here:
When you subscribe to the paid plan, you also unlock my library of educational content with real-life charts explaining how technical indicators work. 2 ebooks can be downloaded when upgrading:
Today’s Content:
Weekly Levels for the Watchlist
Monthly Levels for the Watchlist
Combined Levels
Daily Plan for Monday (SPX and ES=F)
WEEKLY LEVELS
The intra-week reversal disrupted the technical structure for the Nasdaq-100 (NDX) and the semiconductors (SMH, NVDA, AMD), as outlined below. Because this recent rally has been heavily driven by tech and energy, these levels will be essential next week to validate any potential bounce, or to enforce the bearish targets presented below if key support layers fail to hold.
Tickers highlighted in red: tickers facing vulnerability losing critical support.
Tickers highlighted in green: Assets maintaining relative bullish momentum.
All the tickers listed above are in this executive report: