The S&P 500 Just Filled the Gap — Here's What Happens Next

Watch on YouTube · 2026-06-26

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Here's a summary of the YouTube trading video transcript in clear bullet points: **Stock Tickers and Price Levels:** * S&P 500: + Support level: $3425 (gap) + Resistance level: $737.81 (white range green bar candle) + Target: $723.77 + Stop-loss: Not specified * SOXX: + Support level: $586.66 (up-sloping trend line) + Resistance level: $624 and $0.65 * Microsoft (MSFT): + Support level: $382.11 + Resistance level: $371.05 (previous gap) + Long level: $352.89 * Amazon (AMZN): + Shortable level: $234.27 + Buyable level: $226.50 * Google (GOOGL): + Shortable level: $349 * Netflix (NFLX): + Aggressive shortable level: Not specified + Buyable level: $77.38 * Palantir (PLTR): + Shortable level: $113.27 + Long level: $119.91 * Micron (MU): + Shortable level: $1,213.56 + Long level: $1,087.55 * Bloom Energy (BEAM): + Shortable level: $291.73 + Long level: $260.19 * Western Digital (WDC): + Day trade level: $594.60 * SanDisk (SNDK): + Shortable level: $2,009 * FORM: + No specific price levels mentioned * LITE: + Previous gap in charts at $772.27 + Potential measured move to close to $600 **Key Trading Strategy:** * Focus on gaps and trend lines as key support and resistance levels. * Look for consolidation patterns and potential breakouts or breakdowns. **Indicators Used:** * No specific indicators mentioned, but the trader seems to be using chart patterns and technical analysis. **Entry/Exit Rules and Suggested Trades:** * Entry rules: + Short S&P 500 on white range green bar candle at $737.81. + Short SOXX on up-sloping trend line at $624. + Go long Microsoft on previous gap at $371.05. + Go short Amazon on pivot low at $234.27. * Exit rules: + Not specified, but the trader mentions using stop-loss levels. **Timeframes:** * Day trading timeframe mentioned for some stocks (e.g., S&P 500, SOXX). **Risk Management Tips:** * Not explicitly mentioned, but the trader seems to be using a conservative approach with stop-loss levels and focusing on technical analysis.

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Each [music] afternoon, real setups are broken down with entry strategies and the technical reasoning behind every trade. >> [music] >> This is today's best trade setups with verified investing. >> Welcome to today's best trade setups. My name is Benjamin Pool, head trader here at verifiedinvesting.com. The S&P 500 started to sell off in the morning and now it's actually filling a gap as I am speaking. This gap in the charts, it's going to be the next resistance level. If we consolidate right underneath this, the S&P 500 is going to start going higher. The SOXX, on the other hand, is staying a little bit weaker. I've also got some memory plays and Bloom Energy that are getting into some key support levels. Let's jump right into the charts to see what's going on. So, here's the S&P 500. Here's this gap in the charts right here at 3425. As you can see, we're filling that gap. If we start consolidating right underneath it, then we're going to continue to see a push to the upside. On the max move for me today would be this white range green bar candle at $737.81. That's the level that I would be looking to short the S&P 500. Here's this previous gap in the charts. As you can see, this is the resist or the support level on the downside. Once it breaks that, then I'm targeting $723.77. Again, that hasn't happened. We're consolidating, staying right on top of this previous gap, and that's your support level. So, right now, we're pushing higher. The SOXX, like I'd mentioned, here's this up sloping trend line. Pivot low here, secondary hit, third hit. Here's the fourth hit. We are getting a nice bid. We almost got down to this low pivot at $586.66. Now, we got a bid right above that. Depending on what happens with the price action, this is still starting to show additional weakness on the SOXX. If we do push higher, my only real shortable level today on this would be $624 and $0.65. Now, from the current price action where it's consolidating right on top of that trend line is about a 4% move to the upside. So, we're going to have to have some really big movements in the semiconductors for that to happen. Here's S um excuse me, Microsoft. This is that down sloping trend line into a ton of support. Look at what happened. It did end up closing below it, but what I was mentioning is just because it closes below that low pivot on a daily closing basis doesn't mean that that's going to be the stop out level. Price action likes to close below low pivot, get all of the sellers on board to drive this price down, and then the markets just reverse. So, here is the price action of Microsoft today. We're up to $371.05. This would have required an overnight hold on this particular trade, but a great push up. Now, the next level of resistance I see on Microsoft is going to be about $382.11. If it does get to this level, I would be interested in going short on MFST. On the way down, if we get back down to $352.89, which would be a pretty substantial drop on Microsoft. That is my long level today. Amazon. Lot of different things going on in the charts. Previous gap in the charts. Yesterday, hit this level. Yes, it didn't get a very big bounce, but look at what happened. Price then is pushing up in the um market hours. So, what we're looking at is a potential move all the way up to this gap right here for an entry price for a short. This is an aggressive short, but $234.27 is that level. This is the support level that we're eyeing. If it starts consolidating right on top of it, it would look at a We'd be looking at a breakdown. Your next level of support would be right here at $221. If Amazon does get back to 226.50, this is still a buyable for today. Google, nice bid to the upside. I was anticipating it coming down to $332.29. That did not happen. And then all of a sudden, we got this big push up. It actually sold off earlier in the morning, got back to these low pivots, and then got a nice bid. On the upside, $349 is your shortable level today on Google if we can continue that move higher. Netflix, it closed below, made another move to the downside, finally made a continuation move into a ton of support. Lot of price consolidation, got a basically recaptured or maintained price action above $71 or closed below it briefly, and then today we're getting this nice push to the upside. Look at this. Move from the closing price. Almost a 6% bounce. So, it's going to be met with some resistance. This is an aggressive shortable level, not something I'd be willing to play today, but Netflix is so beaten up that this is why it's an aggressive level. If it does get up a little bit higher on NFLX, $77.38 would be the level that I'd be interested in playing this for a short. Palantir is gotten and has gotten a nice bid. Again, my 105.32 level was that level that I was looking to play yesterday. Nice pivot low. Never got above that or got to that level. Now we're actually getting back above it. Getting into this nice gap in the charts. This is an aggressive level sitting right here at a $113.27. The level that I'm watching is this previous gap at $119.91. So, that is the level that I would look to short PLTR today. Micron's having a nice surge from the low. So, it opened lower. Here's where it opened, $1,139.19. The gap that I'm looking to play is $1,213.56. If we can get up there, that would be a great shortable level. If we do get another drawdown right here, this previous gap, it's going to be a ton of support at $1,087.55. That is your long level today on a day trading basis. Bloom Energy is having a nice fall as well. It's coming into a gap in the charts at $260.19. That is your long level today. The only real shortable level that I would have would be this prior gap in the charts right here at $291.73. That's the level that I would be interested in shorting Bloom Energy today. But, a great secondary day reversal. This is not a day I mean, a swing trade level. This is just my day trade level. And then, last but not least, let's take a look at WDC. Here's a previous gap in the charts. What happened is price consolidated right underneath it. Got a nice drawdown. Came back up. And actually, from this day on the 12th of June 2026 gapped above it. This is telling us that there were a ton of people in WDC, Western Digital, that are looking to go long because they missed this gap up. And so, when price action does get back down to $594.60, that is the area that people are looking to buy it. So, this is my day trade level if we can get another fall today on WDC. Now, let's take a look at SNDK. I know I said WDC was the last one. However, 223.35 is the level that I'd be looking to short on SanDisk today. If it does drop a little bit more, the only real buy level is this previous gap right here at 21.1107. But, that's too aggressive for me. What I'd be looking for is a move back down to this green red bar candle high at $2,009. That's the only level that I would have. All right, we have FORM. Uh let's take a look at LITE. What a fall today. Look at this. Pivot low right here. Nice bounce. So, what I'm looking at, if we can continue this fall on LITE, previous gap in the charts sitting at $772.27. Another thing to kind of monitor is this shoulder, head, shoulder pattern. This could indicate that there's going to be a lot more downside pressure on LITE if the pressure continues. All right, let's see where that measured move would be. If this is the neckline, we're just going to use this as a neckline because we've already closed below that. I'm going to remove this line right here, this line right here, and this line right here. Neckline, just to give you an idea of where the potential measured move would be on LITE. You could see a move all the way down to close to the $600 whole round number if this whole if this measured move ends up playing out. Something to keep on your radar for further downside. So, we are having a financial freedom sale on our courses. Almost everything is up to 40% off. So, check out verifiedinvesting.com if you're interested in educating yourself and getting an edge in the markets so that way you can know how to trade not only for swing trades, uh day trades, but also crypto, commodity, and anything else that you can think of. It's all in our courses and it gives you a good insight in how technical analysis really works. So, that's that's a great place. Go ahead and scan that QR code for more information. And again, my name is Benjamin Pool, head trader here at verifiedinvesting.com. Go ahead and hit that like button. If you could, do me a favor and subscribe and then ring that bell so you can get notified when all of these videos drop. We'll see you next time in the charts. You guys have a great rest of your day. Take >> [music]