$SPY, $QQQ, $NVDA, $MSFT Highlight Selling Pressure as Key Levels Break
Markets remain under heavy selling pressure.
$SPY and $QQQ struggle near key volume gaps, $NVDA tests critical support with $140 as a potential target, and names like $ZETA, $SOUN, and $HOOD reverse sharply after prior rallies.
Even $MSFT faces pressure, though long-term support zones hold. Disciplined exits and respect for technical levels are essential.
1. $SPDR S&P 500 ETF Trust(SPY)$
Expected a bounce on $SPY before $600 but this selling pressure is relentless.
Still a chance some weekend news gives $SPY / $Invesco QQQ(QQQ)$ a short term lift, but my eye is on that volume gap filling to the downside.
2. $NVIDIA(NVDA)$
$NVDA testing key liquidity support right now.
Lose this level and the volume gap below, $140 becomes the target.
Monthly BX still dark red. This is why we closed our position last month
3. $Zeta Global Holdings Corp.(ZETA)$
Was bullish on $ZETA last year.
Caught a 60% rally to start, but price couldn't hold.
Bull Cycle indicator said it was over closed and moved on.
That's the job. Avoid catastrophic selloffs.
If this volume block breaks, expect the gap to fill.
4. $SoundHound AI Inc(SOUN)$
Being wrong is fine. Bag holding is not. ❌
I was bullish on $SOUN last year and we caught an 80% rally in the first half of the bull cycle.
Price couldn't hold.
Bull Cycle indicator exited in December.
Down another 50% since.
Taking the loss is always the "right thing"
5. $Robinhood(HOOD)$
$HOOD is down 30% since our Bull Cycle indicator flagged the exit.
If price can't hold this volume shelf, next stop is $50.
6. $Microsoft(MSFT)$
This has been a historical long term buy zone for $MSFT over the past 20 years
33 Monthly FVB
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