Each afternoon, real setups are broken down with entry strategies >> [music] >> and the technical reasoning behind every trade. This is today's best trade [music] setups with Verified Investing. >> Welcome everybody. My name is Benjamin Foo, head trader here at Verified Investing. The S&P 500 is finally getting its first like real sell candle. The day is not over. Still has this up subbing trend line in play. US oil is pushing higher and a lot of red on my watch list. So, I'm going to go ahead and show you that after I go over the S&P 500 as well as what's going on in US oil. So, I have a couple different levels for you guys on these particular trades. So, let's just jump right into it. The S&P 500. So, here is the first level that we're watching. Up subbing trend line right here. Take this pivot low here. Uh let's take out the logarithmic chart actually. Here we go. Pivot low here. Secondary hit. Third hit. Look at how price is consolidating right on that up subbing trend line. Here would be the first little close of the up subbing trend line below. This isn't necessarily a signal that the that the top is in in the S&P 500 yet. What we were being wanting to do is a continuation move. We also need to recapture this up subbing trend line and this is a major up subbing trend line. If you haven't seen this trend line previously, go back and watch my last video. I go over this up subbing trend line. Once we can get a continuation move, that's not necessarily the buy low or excuse me, the short low zone. What you want to do is you want to wait for a retrace to the scene of the crime. Does mean it can potentially go higher, but $262.66 or whenever hits this up subbing trend line after a continuation move on the S&P 500. The only thing that would change that is we crap recapture this all-time high sitting at $748.17. Once we can do that to the downside, make a continuation move, then we would no longer play the retrace of this up something trend line. What we do is wait for a continuation move of a breakdown and then we could short the markets at 748.17. A lot of things need to happen. USO needs to continue lower, I mean higher, and the S&P 500 needs to continue to sell off. Let's go ahead and jump into the USO chart. I love this gap in the charts right here on USO. Lot of resistance. If we shoot up to $140.92 after this huge move to the downside, this is going to be a pretty major resistance level. Now, that's not a swing trade level. What I'd be looking at is let's zoom out in the charts and show you this up something trend line. Let's take off logarithmic charts, show you where this up something trend line is. Pivot low here, secondary hit. Now, we did get below this and so it's not a hit of this bottoming tail or this the low end of this wick or this tail, but it has hit here and then again right here. So, this tells me that this is going to be a resistance loan zone and this would be the swing short level. If it jumps up to about 145 all the way up to about 146 dollars on the chart of USO. And the reason I would like this up something trend line as a shortable level, if it recaptures that and continues higher, then you would look to exit the trade, stop out because then we would recapture this up something trend line and then the uptrend would be back in USO. Let's go to the watch list. So, I'm going to open this up. So, we do have some green, but look, 0.19, 0.6, 0.4, 0.34. Lot of different green, but not major green. So, I'm going to change this to percentages. Look at this on the daily time frame. You have Lunar. It's down 14.43%. Nano uh nuclear energy down 14%. ONDS, SMR, AUR, OKLO, LMND, Righetti, FLNC, USAR. Ton of red. Now, let's switch to the upper end. We have GameStop up 7%. CarMax up 7%, Marvell. Marvell is the outlier. Um we do have some memory stocks that are making some move, but they're not making the moves that they usually do, especially with all of the selling pressure that's in the markets right now. Uh let's go into the SOXX. One of the reasons is we want to stop out of a trade on a daily closing basis. Playing this as a topping tail is just for this reason. Now, we did start to go below it. We sold off in the morning session, but now we're pushing above it. And so, this is what prevents us from having to try to dollar cost average into the SOXX, or it allows us to exit the trade and look for an additional reversal candle. So, what if we exit the trade and it goes above our exit price? Well, we have our strategy in place, and that prevents us from having to chase this on the way up. So, what we have to do is see where the next level of support is. Take off the logarithmic chart. If we can get back to this up something trend line, and we're actually pretty significantly away from this up something trend line. So, not only do we need to recapture $584.38, but we also have to test this re this up something trend line again. Once we can test this, that would be the third hit, and so we're going to get a bounce off that level. We start closing below that, and then all of a sudden it opens the doors for more selling pressure in the SOXX. It is still way overextended, even from the lows right here. Huge move to the upside. This was a 30% move to the upside. So, we're way overextended on the XO SOXX. However, we sometimes it's better to be on the other side waiting for that reversal candle getting our entry prices and then that gives us an opportunity to potentially stop out of the trade. Stopping out is part of trading. If you can't handle losing on a trade, trading's not for you. You're not going to nail every single one. And if you do, I mean, you're a better trader than I am because I haven't met one trader who hasn't stopped out of a trade as a losing trade. So, whatever your risk management is, um that's completely up to you. Let's go in Marvel. Marvel, like I was mentioning, was an outlier today. Still had some continuing buying pressure from what was going on in the charts from yesterday. Huge surge up, got as high as about 325, and now we're back down to about 306. For those of you who are aggressive, getting down to about $291.14 is your long level. For me, I would actually wait for this long-term up-sloping trend line. Well, let me just try to readjust. Okay, so I do have logarithmic charts on. Let me readjust this again. All right. Couple different trend lines that I'm monitoring. This up-sloping trend line right here connects to pivot tops, all this price consolidation, and we broke out. So, if we do get back up back down to $242.55, that would be your level of aggressive short. I mean, a long play. If we're shorting this because of this dual factor up-sloping trend line, you got this pivot low here, secondary hit price got below it, got rejected. We could be heading as high as about $455. So, for me, because of the logarithmic charts and the secondary up-sloping trend line pivot low here, I mean, pivot high here, secondary hit in this zone is where Marvel could go. Now, are we overextended on Marvel? Absolutely. Is this an opportunity for us to jump into a swing short? Not necessarily. If you're aggressive, you could start at a 350 pierce. But for me, I would wait for this 399 all the way up to about 455 bucks. Because again, sometimes it's better to be late on a trade than jumping in too soon. Uh Shake Shack, we're monitoring this trade as well or potential entry. I still like the $52.79 level on Shake Shack if we can get another sell-off today. Into it did get to that gap in the charts. This is an aggressive long level. Uh I was hoping it was going to hit there yesterday. But today, I still like this as a potential swing trade. The only caveat is now we've recaptured this down-sloping trend line to the underside. So, this puts a little bit more selling pressure into into it. So, if it does start breaking below this, your next level support is going to be basically down to about $300. For me, my swing trade level on INTU would be $283.26. Now, let's jump into the chart of Nvidia. This has been a wild mover. It never got back down to our $206.88 level. It recaptured this up-sloping trend line. So, it did favor a continued move to the upside and that's what happened. And then we got as high as this high pivot point, slightly pierced it, never got to a gap in the charts at 235. And now look what happened. We are down below this up-sloping trend line again. So, now we have to adjust based on price action. I'm actually going to have to monitor this over the next few days. I'm not going to go long or short in this. If we recapture this this up-sloping trend line, my aggressive swing trade level would be 235.74. And that would actually be a gap in the charts that I would also do a day trade. On the downside, now that we're back below this, this $216.56 level is off of the table because it's already hit that multiple times. So, what I'd be looking for is a potential long swing trade and a day trade sitting at $206.88. From this low pivot point all the way up, this was an 11% move and then in two days we gave back 8% of it. Substantial. Now, if we do get in this gap trade today, gets gap in the charts at 210 or basically a $211 pierce, I would be interested in taking Nvidia for a swing or a day trade today. Swing trade long level, my first aggressive level would be 206.88. LUNR, I was mentioning this thing is getting hammered. Look. Here's a pivot top. Price action finally got above, retested it. Look at how many tails are on the chart of LUNR. Now, normally this would indicate that there's a lot of selling pressure and it's going to break back below this pivot top, but that's not what happened. Then we made this huge surge to the upside, got as high as $46.79. If we can get back into this level now that we've already broken above, consolidated on top of it, got a nice surge, this is telling me that there's a lot of price action at $31.28. Not only that, but if you zoom out in the charts, you have a pivot low here. Let me go ahead and get rid of some of this other noise on the charts. Here's a sub selling trend line. Pivot low here, secondary hit. Look at all this price consolidation. Try to get back below, got the bears on board. This was a little bit of a bear trap and then it had a huge surge. But look at how many times it's respected it. So, here's your first aggressive level, $31.28. If it does break below that, you've got this nice up selling trend line right here as additional confluence if it does drop below $30. Because it has hit on multiple occasions, if it does break below this up sloping trend line, which probabilities do favor it, then you would just exit the trade and then you would look for additional support, which would be right here at this pivot top and then you've got these pivot lows and price consolidation. So, that would be my stop out, re-enter it at $22.84. I do think LUNR has a potential to make all-time highs, head up past $50 and head up to about 75. However, the charts are going to tell us what direction Lunar ends up going into. And so, we'll have to monitor this trade. Long trade today for me, $31.28 for a day trade. OKLO getting a nice beat down. So, I'm going to remove this down sloping trend line. What I am noticing is a potential inverse head and shoulder pattern. Got this shoulder here, head here, and if we can create a nice shoulder, come back up and retest $78.13, we should get a nice clean break of this trend line or this neckline and then you're heading up back to about 8136. Once that clears, OKLO is going to head much, much higher. On the downside, we have to find out where our next level support is. And that's going to be $62.54. So, if we do get into this level, not only is this a potential long trade for a day trade, which I would definitely take, this is your first entry price for a potential long. Knowing that if it does close below this prior gap in the charts, you would just stop out and look for additional support, which would be this gap in the chart sitting at $55.91. And then, [clears throat] my ultimate swing trade long level is $50.18. So, these are more aggressive levels if you're trying to play $62.54, but OKLO is getting beaten up. So, we've got to respect the support and when it fails, watch out below. MSTR is getting into that swing Excuse me, that potential swing chart swing long level as well as a day trade level. And that's sitting at $132.36. This is for my aggressive traders. We did get below this level at one time. Now, this is your long level for a potential swing trade. If it does close below that, similar to what's going on with OKLO, we break below that, and then all of a sudden, you can open the floodgates, and then you're coming back down into this low area, this opening candle of a green bar candle right here to about $121.44. For those of you who are a little bit more conservative, actually in this case it would be quite a bit more conservative, your long level would be this gap in the charts sitting at about $106.99. Everything's going to be dictated on what happens with with Bitcoin. If we continue to make a little bit more of a bounce to the upside, then MSTR is going to catch a much bigger bounce. However, we start breaking support on Bitcoin, just like OKLO and some of these other trades, then the bottom isn't in, and then you look for additional support. All right, last but not least is X SOXL. Um SOXL is a three times ETF of um of what's going on with SOXX. There is some volatility in this thing. Right now, in the pre-market, it got as high as $284.69. So, what this is telling me is there was a lot of buying pressure. I mean, a lot of selling pressure right at the open. Now, we're catching a little bit more of a bid today. So, if you're aggressive, your short level would be this upper multiplier band at $287.61. That's where you would look to enter the trade as a swing short or a day trade short, and then your exit price would be about 1 and 1/2 to 2%. So, that's an aggressive level on SOXL if it does end up heading there and this would be in a three times long or excuse me short inverse of SOXX. So, that's what I have for you guys. Thank you so much for joining. If you guys are getting something out of this, please make sure you're liking, following, subscribing and ringing that bell so you can get notified when these videos go out at 12:30. You guys have a great rest of your day. Take care. >> [music]