The Market Is Rotating Fast — Here's Every Level You Need Right Now

Each afternoon, real setups are broken down with entry strategies and the technical reasoning behind every trade. 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 Verified Investing. The S&P 500 had a nice drawdown today. AVGO missed earnings. And they didn't raise their guidance, so they're staying really weak. I do have a key support level for that. The SOXX had a nice drawdown as well. Now we're getting a nice bid to the upside into some key technical resistance levels. I have some shorts. I have some longs for you. You guys want to stay tuned to the end to see every single one of those. Let's go into the S&P 500. So here's this upsloping trendline that we're monitoring. Here's a pivot low here, secondary hit, third hit. Look at how price consolidated on that level. So now we've already closed below this upsloping trendline. If we get back above this pivot top right here in the charts, I'm looking to short the S&P 500 or the SPY at $759.57. Let's go into the SPX real quick. Similar price action. Although here's the support level on the SPX. Pivot low here, secondary hit, third hit, fourth hit. Here would Here was the fifth hit where we got a bounce. The more often a support level hits, the weaker that support level gets. So I am starting to anticipate more of a a continued rollover. So again, that resistance level on the SPX is going to be sitting at seven uh 7609 on the SPX. It's basically the same level on the SPY. But here again, we got to monitor this upsloping trendline. Once that does break, we're coming back into these pivot tops right here at $7,000. So, that's the line in the sand that we're looking at. USO, I mentioned the short level yesterday at $140.92. It actually closed right in that area yesterday. One of the reasons that the S&P 500 is getting a nice bid is look at the sell-off in the USO. We are having money rotation out of the semiconductors, some of the memory plays, and that's why we're getting this nice continuation of this move down in USO is why the S&P 500 is getting a nice rip. So, if we can get back into this gap fill, this is your shortable level again today because it gapped down this morning. $140.92 is a day trade level. If we do close above that on a 15-minute closing basis, then we're looking at this next level of resistance, which is this up sloping trend line. Depending on when it hits, could be as high as this red bar candle right here the opening price sitting at about $149.32. This starts my swing trade short on USO if we can get back up and retest the underbelly of this broken up sloping trend line. SOXX had this nice hangman candle. This was a great reversal today. Got back to this gap in the charts. Almost hit this gap from that was created on the 1st of June 2026. Would have been a minor gap in the charts, but look at what's happening. The buyers are stepping in and driving this higher. So, today, if we can get back up to this gap in the charts sitting about $615.45, this is your shortable level. And I mentioned yesterday that sometimes it's better to wait after exiting a trade for a potential reversal candle. And with this hangman candle, this could be the beginning of a reversal. Doesn't guarantee it, but this is why we consider additional levels after we get into them so that way we can be a little bit later to the dance, see over a reversal candle or potential pivot low or a pivot high that's taken out and we can stop out and then look for additional reversals in the charts. So that way we're not trying to chase on the way up and this is the exact reason why because if you would have gotten in yesterday or stuck with the trade, yeah, you could have come back down to break even but then all of a sudden you'd be continuing to be out of the money. And what happens if that pivot top or that a hangman candle does end up getting taken out? Well, then all of a sudden you're going to push higher on the SOXX. So this is how you navigate the trade. So Marvel had a nice drawdown today as well. This was getting beaten up this morning. It got as high as 325.62 in the premarket and then we had this huge sell-off. This was a pretty substantial drop on MRVL, dropped almost 50 50 points. Now we're going coming back up. Because of the drop Look at this. This was a 15% move from the highs. If we can get back up to 325.62, this is my shortable level today. Also, if it does close above this on a 15-minute closing basis, just stop out of the trade because there's still a lot of bullish sentiment in Marvel with this nice run to the upside even though it had a as much as a 15% pullback, still a lot of bullish momentum in it. SanDisk is having a nice push today. This looked with AVGO like it was going to continue the sell-off. It dropped got close to this low pivot point at 730 17.13. This would have been a long level, aggressive level but still a long level today. So now what I'm looking at is this gap in the charts for at 1831.50. This is your shortable level today knowing you've got additional resistance at 18.61. I will say that it did get upgraded to 3250 dollars on SanDisk. Doesn't mean that it's going to go there. Could be the sell the news event. So, if it does start closing above 1861 on a 15-minute closing basis, SanDisk would be off of the table. On the downside, if we can get a sell-off, pivot low here, secondary hit, third hit, fourth hit, fifth hit. As you can see this up sloping trend line on SanDisk is a really strong support. So, we can get down in this pivot top right here and retest this up sloping trend line. This is an aggressive long level sitting about 1587. This is your buy level for aggressive traders for a swing trade. And the reason I don't mind this so much is because you can always stop out on a daily closing basis below this up sloping trend line and that would be your negation of the uptrend and then it would be a change of character and then you're likely to continue to sell off on SanDisk. SanDisk right now is continuing to be a monster. CIEN had this nice drawdown today as well. Did beat earnings. It still continues to sell off. This was an over elevated move. So, here's this parallel channel. As you can see, it did break this parallel channel on the back of earnings. My long level today is $475.39. As you can see, we did break below the whole round number of 500 bucks. Got a decent bounce. Now we're trading at 507. If we can get a late day sell-off by 2:30 475.39 would still be on the table for me to go long on CIEN. This is going to be a major gap in the charts. And it doesn't look like a big move, but look at the extended move to the upside. This was a 33% move. So, you got to think about all the people who wish they would have gotten in this trade or exit the trade right before this gap up on these consecutive red bar candles. They're licking their chops thinking, "Once you can get back into this gap fill, $475.39 is where I'm going to go long." Nvidia has been a wild mover. It's been so choppy as of late. Here's an up sloping trend line. Pivot low here, secondary hit, third hit, fourth hit, finally broke below, consolidated, got above, the bullish sentiment was back, got as high as this high pivot point, 232.24, came back in and retested this gap in the charts right now, and at $211.13, now we're pushing higher. So, what does this mean? On a technical basis, this broken up sloping trend line is going to be again resistance, especially after the fact that we've already broken below it once, and then this would be the second break of that up sloping trend line. Again, my short level for a potential swing trade is $223.47. If it does close above that on a daily closing basis with a continuation move, then you could look to stop out. My less aggressive level, uh my more conservative level on a day trade or swing trade, is 235.74. Again, it gives you a clear entry point and a clear stop out. A lot of volatility going on in Nvidia, and that's what we like to see in these stocks because it gives us opportunities. If it does hit up to 223.47, this is my also day trade level today. That would be a great area for a potential rejection. Prior gap in the charts, should get a nice pullback. AVGO is what's causing a lot of the semiconductors to get a nice drawdown or at least the early session uh early morning session before about 10:15 had these nice drawdowns in like ARM, AMD. Now getting these bids to the upside. For me, my long level is a pierce of 400 bucks, $399.83. Prior gap in the charts, but look at where uh AVGO got a nice bid. From the highs right here from the 21st of April 2026 all the way over till May 2026. Over a month of price consolidation, got to the lower end of it, and then got a nice bounce. What I like to look for is where price had consolidated at one time. This gives me an idea of where a lot of buyers and sellers or really price action is sitting. And so, this is your aggressive level for a long trade, for a swing trade. And again, that would be right below this $399 or 3 $400 whole round number. If we do start getting below that level, then you got to look for additional pivot points. And for me, my long level after a break of 400 bucks would be 371.16. But a ton of price consolidation in this area, so we should get a pretty solid bounce in AVGO going forward. All right, OKLO had a nice drop. I'm still eyeing this $62.54 level. If we can get a drop down there today, this is a great buy level for a day trade. You would be looking for about a 2 to 3% move off of this level. If it starts closing below that, this would not be a swing trade for me. I would look for a swing trade level sitting about $55.81. Knowing that I could also dollar cost average all the way down to $50.18. And that would be about a 10% drop on OKLO. And that's basically my comfort zone to add to a position into a ton of additional support. MSTR did break the support level. MSTR is going to be trading with Bitcoin. Bitcoin got almost to the $60,000 whole round number. $132.36 was my level yesterday. Flush that, close below that on a 15-minute closing basis, so you stop out. Look for your next level support. And that's going to be this prior red green bar candle high, prior gap in the charts, and a low pivot. For me, $121.44 is where I'm going to go long on MSTR today. If you're really aggressive, you can trick out MSTX for two times leverage ETF, but for me, I'm a little bit more conservative. MSTR is the stock that I would or the ETF that I would play. Sorry, the stock. $121.44 today. Once we start breaking that level, I'm eyeing this $106.99 level for a swing trade on MSTR. RDDT, I'm going to show you my watch list again here in a second. RDDT is looking to break out. Sometimes it's more beneficial to wait for a breakout than trying to chase something. So, we do look to be breaking this low pivot point right here after a rejection. Prices actually price action is getting back above. So, I'd wait for a continuation move all the way up to about $199 and then wait for that pullback all the way to about $178. And this would be your entry price for a swing trade. On a day trade, if we can go up a little bit higher, we had this previous gap in the charts right here. So, Reddit at $190.27. Around this area it would be a great day trade short after this massive run to the upside. Look at that. That would be about a 20% move in just two days. So, there should be a nice rejection level on Reddit if it can get up to that point. Now, let's see where the money rotation is happening. So, here's this Here's my watch list, my stock watch list. Let's go to the top. PVH is getting a nice drawdown today. Let's look at where the bounce level was. Prior gap in the charts, $69.76. I actually thought we were going to stop here at 25 $72.25. But once we recapture that pivot, off to the races we went on PVH. CIAN we already went over. AVGO is getting a drop. Five Below is getting a nice drop. CLS got a nice bid after it touched 400 bucks, just above it. So, if we do go up a little bit higher, $500 or $458.03 on CLS would be that day trade level. Those of you who are a little bit more aggressive, you could look for this prior gap in the charts at 426 pierce for a good entry price. MU's having a nice drawdown today as well. This is the power of gap fills. MU got as low as $970 and a few cents. Prior gap in the charts or this was a gap in the charts, got a nice bounce, and now we're starting to push higher. On a swing trade basis, because we had this nice reversal from a 1090 all the way down, we're starting to get some more volatility in MU. So, swing trade, you've got this hangman candle, you would look for a pierce of about a 100 1080, and that's where your swing trade long or short level is, knowing you could always stop out at a close above 1090 on a daily closing basis. So, that's how I would navigate this on a long play on MU, and this will be the last chart that I go over. Up-sloping trend line. Pivot top here, secondary hit, third hit. Price gap back and retested this. Got above it, never really made a continuation move before it retraced the scene of the crime after the breakout. So, if we get back in and fill this gap or get right to this gap in the charts around $922.33, that's an aggressive long level, knowing that you could always stop out on a daily closing basis below that if that trend decides to fail, and then we could get additional pullbacks in MU. So, that's what I have for you guys. A lot of different price action going on in the markets. There's a lot of money rotation, and so we're going to have to see where money is going to be rotating into the next sector next. So, that's what I have for you guys. Thank you so much for joining me. Again, my name is Benjamin Pool. If you guys are getting something out of this, please make sure you're liking, you're following, subscribing, and sharing with those friends so that way they can get the same market information you're getting. You guys have a great rest of your day and we'll see you guys next time in the charts. Take care.