Setups in AAPL, NVDA, AMD, GOOGL

Can tech continue to lead?

Technical Edge — 

• NYSE Breadth: 76% Upside Volume 

• Advance/Decline: 75% Advance

• VIX: ~$20.75

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S&P 500 — ES 

• Key Pivot: ~4000

• Upside Levels: 4045-35 + 50-day sma, 4060-75, 4090

• Downside levels: 4000, 3973-80, 3957, 3937

SPY

• Key Pivot: $395.50

• Upside Levels (SPY): $399, $399.75 to $400.50, $402.50, $404. 

• Downside Levels (SPY): $396, $394.50, $392, $389.50

SPX

• Key Pivot: ~3970-72

• Upside Levels (SPY): 4012-4015, 4040

• Downside Levels (SPY): 3972-75, 3950-55, 3933

NQ 

Watching just one level on the NQ and that ~12,700 + the 10-day ema. A test and hold of that level is a buy trigger for longs. 

• Key Pivot: 12,925

• Upside Levels: 12,950, 13,080

• Downside Levels: 12,765 (yesterday’s low, 12,700 & 10-day ema

QQQ —

That VWAP anchored back to the all-time high (highlighted on Monday) is still a problem, but the QQQ is the best-acting ETF of the DIA, SPY, QQQ and IWM. I want to see how it reacts to active support, AKA the 10-day ema. A test and hold of this level warrants a buy-the-dip, in my opinion. 

Individual Stocks