Each afternoon, [music] real setups are broken down with entry strategies and the technical reasoning behind every trade. This is today's best trade setups [music] with verified investing. >> Welcome to today's best trade setups. My name is Benjamin Pool, head trader here at verifiedinvesting.com. So, the S&P 500 opened up nice and sharply and then slightly went negative. We're getting a nice bounce. We're on to a lot of support. I will show you the more often support levels hit, the weaker those support levels get. If we start breaking this key support level on the S&P 500, the S&P 500 or the SPY is going to head lower. We also have some long levels on SOXX and a couple other trades on my radar today. Here, let's jump into the SPY. Pivot low here or gap previous gap in the charts. Support. Support. Did break it. Got a nice bid to the upside. Never recaptured the all-time high as a short. Now we're hammering on the support level again sitting at $731.58. Once that starts breaking on a daily closing basis with a continuation move, your next level support is $723.77. For today, this is a level that I'm looking at the S&P 500 or the SPY for a nice bid. Now, if it does get a bounce, takes out this high pivot point, you do have some resistance right here at about $740.96 level. But for me, I would be eyeing this gap in the charts sitting at 744.39. It's the same gap that I was targeting yesterday before this nice move or pullback and then this additional move to the upside today and then an an additional pullback. SOXX This is the up something trend line. Look at this. Let's zoom out on the charts. Pivot low here. Secondary hit. Third hit. Fourth hit. And this is with logarithmic charts turned on. Turn logarithmic charts off, and it gives you a better idea of how price action's respecting it. Again, support level, support all the support. We did close below it, but there was no continuation move. And then all of a sudden yesterday we got down to this gap in the charts, 591.02. Beautiful gap in the charts. Additional support at this upsloping trend line. Great opportunity. Then we opened up higher on the back of Micron news, $637.84. If we could continue push the upside, now I know we're selling off right now. However, if we get a bid in the market, you're looking at $655.32 for a potential short opportunity. This upsloping trend line is still intact. Even though it's hammered on this over and over again, we have to respect the uptrend until it finally breaks. So here's the next level of support that needs to break, 599.73. Once that does, this would take out this upsloping trend line and would potentially reverse a this uptrend. That's not the stop out level though. Or that's not a guarantee that's a reversal. What we need is not only that upsloping trend line, this gap in the previous gap in the charts to get taken out, this low gap right here, and a continuation move to the next day or two lower than the lower pivots. That would be a continuation move. That would be a trend reversal. That would trigger a continued sell-off in the SOXX, USO. Here was a nice previous gap in the charts. It never got down to 105. Sorry, green bar candle low, 105.03. Here's what happened. See this low pivot in the charts? It closed below that. Not only is this low pivot here, you zoom out. Look at this high pivot right here. Price action got below it, got all the bears on board, got everybody out of their trade, and then look at what happened. Not a huge move to the upside, but we still got a bounce on the chart of USO after closing below. This is why we need a confirmation or a continuation move below low pivots so that way we can see where the actual move is heading. Now, if we go up a little bit higher, we are going to have a little resistance around this 100 uh $111.35 gap in the charts. Not something I'd be interested in trading today, but just eye that if you're aggressive. Microsoft down sloping trend line. I was really targeting this $356.85 level. Low pivot, previous gap in the charts. Zoom out. Look at all of this price consolidation. Not only that, but it's just below this down sloping trend line on MFST. So, this is the starting point of a potential swing trade. It Again, a lot of support. Just because it closes below that doesn't mean that the trend or this support level is broken. What you want to do is wait for a continuation move to the downside. Your next level of support is $344.70. Look at this move all the way here. From this high pivot point, that's a 24% move to the downside. That's not even from the all-time highs. That's just from this high pivot point. So, this is a really good day trade level as well. If you can get it below $355, that is going to be your support on Microsoft, even though we're currently below that on the chart of MFST. AMZN Previous gap in the charts, low pivot point. If you're not identifying previous gaps and pivot points for day trades, I would start recommending that. $226.50 is your long level today. As you can see right now, we're getting this nice surge to the upside. Now, we do have this gap at $234.44, but because Amazon is so beaten up, I am not interested in that level. And if it does come back down to $226.50, this is my long level knowing that I've got the gap in the chart sitting at $221 and $0.25. The only shortable level that I would really have on Amazon is this gap in the charts at $244.54. That would be a substantial move from the lows on Amazon. So, I don't know that it's going to get there, but it's getting into a ton of support. Google I'm still eyeing this gap right here at $332.29. With the market a little bit fading, I was actually anticipating it getting down into that level. We're about 1% away from that level, but we did get a bounce. This low pivot point we still haven't closed below it or excuse me, this high pivot point, we haven't closed below it yet. And so, what I'd be looking at is a retrace up here for aggressive traders. Your shortable level is $345.27 for a quick scalp. If we do go up a little bit higher, $349 level is your additional add level or that is a re-entry if you do stop out of this trade. If we get a sell-off though, again, I'm I'm a long play at $332.29. Netflix is continuing to get beaten up. High pivot point price consolidation Look at what happened yesterday. We closed below it, but we haven't made a continuation move yet today on Netflix. If it does close below this low pivot at $71.60, the next level support zoom out in the charts is this high pivot point and all this price consolidation at $69.01. So, if we get a fade, this is the area that I'm looking to pick up Netflix for a long. I don't have any short levels. If you're aggressive, you would wait for a $71 pierce knowing you could dollar cost average just below or just right above the $69 level. Palantir, nice sell-off today. Here's a low pivot point on Palantir. 105.32 is going to be a key support level on the chart of Palantir if we can get another flush out or a continued move to the downside. That is where I would be looking to pick up Palantir for a long play. Now, we've gone over a lot of beaten-up stocks. Let's go into SanDisk. So, at SanDisk, I've already taken this trade one time. I got in at $250 or 22.51, did dollar cost average up, and then took over $50 to the downside. Now, obviously, I could have taken a lot more. However, it was 2,600 bucks today alone on this one stock. And so, uh for me, that's a great trade because look at the bounce. You never know when the bounce is coming, and that's a huge surge to the upside. So, $2,092.94 from current price action right now, that's a 6% bounce. Now, because we've already had this big sell-off down uh from 22 73.93 and this recovery, you're still going to get resistance at this gap in the charts. There were a lot of people who were stuck in this trade who still didn't get out because they thought as soon as it got above that, that had an opportunity to continue to the upside. So, you're still going to get resistance at this gap in the charts. If we do start closing above that on a 15-minute closing basis, your next level of resistance is not only uh this high pivot point, but this red bar candle open just above 200 or 22.91 on the chart of SanDisk. For me, I would also be eyeing this level right here at 23.5439. Overall, SNDK is way overextended. If it does push higher, these are your resistance level for this chart. Micron, nice fade. Here was my up-sloping trend line with the logarithmic charts turned off. My shortable level was right here at $228.08. However, you have to drag this up a little bit more. So, now my new up-sloping trend line resistance level is now up to $1,265.09. As you can see, it stopped at 12:55 today, got this nice drawdown, got close to that previous gap in the charts before getting a a nice solid bid. So, what I'm looking at today, >> [laughter] >> excuse me. If we can do a retrace, using a fib extension tool. So, I'm taking this pivot high to the pivot low. With this kind of a sell-off, if we can get back up to the 786, right around $1,229.60, that is an aggressive shortable level. For a little bit more conservative traders, what you would wait for is this red bar candle open or just a little bit higher at the 886 Fibonacci retracement at 12:41:47. But, these are your levels to begin a short trade on Micron for a day trade. Now, if we go up a little bit higher, this is starting to look promising for a day trade, I mean a swing trade, and that would be at $1,265.09. Dell had this nice bid to the downside today, got a a nice uh continued move to the upside after getting just below this previous gap in the charts, green bar candle low, and tagged this low pivot. So, for me, I thought Dell was going to continue the sell-off. However, it's getting a nice uh bid to the upside. $434.06 is the level that I would be interested in shorting Dell. All right. Now, let's see what else is moving. So, trip.com is draw having a nice drawdown. $38.17 is where it got in the pre-market. Nice solid bounce. So, this is already off the table. Hertz is into a lot of support at $2.73. If you're aggressive and you like the smaller trades, smaller stocks, previous or gap in the charts right here. So, you're actually at a really good buying level. It had over a 40% drawdown yesterday. And then $9 or 9.36% today. Again, ton of support. Knowing that your low pivot at $2.47 is an additional support level on HTZ. AMC is not really a stock that I'd be interested in trading. As you can see, it's just off the lows from yesterday. Had this nice bid to the upside. Oh, sorry. Uh this is the daily timeframe. This low pivot point, $1.73, is your entry price for today. Knowing that if it does close below that on a 15-minute closing basis, you could look to stop out. You have Nano Nuclear Technologies or Energy. Previous gap in the charts. Look at how many times it's respected this support level. Now, we're finally starting to close below. We haven't closed below it yet. This doesn't guarantee that we're going to continue the move to the downside. What we need is a further move and a close below this low pivot tomorrow, and then we could start to see signs of a continued sell-off on this chart. MNT is getting a nice drawdown as well. Your support level on MNT is 133.54. All right. Lot of different levels, lot of different opportunities. Okay. If you guys want us to walk you through each one of the trades that we get into on a daily basis, please consider joining the Apex Live Day Trading Room. It is Thursday. And I've already closed out over $20,000 for the week. And if you guys were in the live day trading room and you took the exact same levels that I give out to you guys with the exact same exit levels that I give out, you guys could have taken a significant amount of money on for the live day two or in the live day trading room with me. So if you guys want us to walk you through the trade setups so that way you're not having to rely on a video and all the fear and the greed inside of it, um that comes with day trading, then please, Apex live day trading room is where you want to be. Again, my name is Benjamin Pool, head trader here at verifiedinvesting.com. If you guys are getting something out of this, please make sure you're smashing that like button, hit that follow button, and then ring that bell so you get notified when these videos drop. And we'll see you next time in the charts. Have you guys have a great rest of your day. Take care. >> Yeah. >> [music]