5 Charts With Big Moves Brewing
The market is sitting at several important technical levels right now.
A few charts are close to breaking out, while others still need confirmation before the trend can change. 👀
🚨 $SPDR S&P 500 ETF Trust(SPY)$ — Huge Level
$SPY needs to reclaim the 1H swing high before yesterday's move can be treated as a potential bottom.
Until that happens, confirmation is still missing.
🔥 $Meta Platforms, Inc.(META)$ — Resistance Test
$META is pressing into key resistance after another stretch of compression.
The setup remains interesting around this level. A sweep of the current high could open the door toward $800, although another rejection is still expected first.
If the high gets swept and price confirms the breakout, the trade setup can be reassessed.
📉 $SoFi Technologies Inc.(SOFI)$ — Structure Still Weak
Six weeks later, the same technical view remains in place.
$SOFI has yet to print a higher high, while the internal structure remains bearish.
The key level is $20. Until that gets swept, the setup still points toward a possible flush into the Smart Money Pricing zone.
If that level never arrives, that's fine too. Missing a trade is better than forcing one. 🎯
🚀 $Rocket Lab USA, Inc.(RKLB)$ — Short-Term Level Swept
$RKLB just swept a major short-term level.
The longer-term setup remains attractive, while the next short-term areas to watch are the gaps around $72 and $80.
📈 $Oracle(ORCL)$ — Setup Playing Out
$ORCL is following the expected path almost perfectly.
The original setup called for a pullback into the short-term Smart Money Zone, followed by a bounce. That's exactly what happened.
The internal 1H structure remains bullish, and price bounced right around the anticipated area.
As long as the swing low holds, $168 remains the level to watch over the coming weeks.
The common theme across these charts: levels first, confirmation second.
Don't chase a move just because price is approaching an important zone. Wait for the structure to show its hand. 📊
Markets are always moving - and sometimes, the best move is knowing what works for you.
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