Price action moved in a narrow range during the week that just ended, a squeeze is in progress.
The Volatility Index validates the thesis of a big move incoming, see the oscillator bouncing from oversold zone, and be mindful that VIX jumped today 10.34%:
In addition to the chart, seasonality favors a jump in volatility, no mention the presidential elections coming.
The S/R levels have proven to be the range where price action occurs the week ahead, yes, these lines are set in advance, this information is very important for your chart if you trade any of the following securities:
SPX, NDX, DJI, ES=F, NQ=F, SPY, QQQ, IWM, NVDA, TSLA, GOOG, META, AMZN, AAPL, MSFT, GDX, SILVER, TLT, Bitcoin and Ethereum.
Seven layers are included, a central level with three resistances and three supports. SPX, NDX and DJI found resistance at the first resistance level during the week that just ended.
Be prepared for a volatile week.