🚨 TRENDLINES BROKEN: SPY Cracks $737, Semis Flushing As Oil Rips Through $150

[music] >> Each 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 Verified Investing. We have US oil that's continuing to push the markets down. We haven't actually seen that in quite a while. Usually, there's a push up in US oil and the markets continue to rip. Well, today US oil is pushing up and the markets are getting hammered. I I guess not really hammered as far as the S&P 500 and the QQQ go. However, Micron's down, LIT is down, SanDisk is down. So, a lot of these bigger movers are actually starting to flush out. Let's go ahead and jump into the charts. The first one I'm going to go over is the S&P 500. So, here's this up sloping trend line we're monitoring. Pivot low here, secondary hit, third hit, tried to break below, got a nice bid. And then all of a sudden it got up to close to $750 and then we had this rollover. We finally closed on Friday below this up sloping trend line. Today, what we're looking for is a close right in this area. If we can close right about $737.17, then this would confirm the move from this up sloping trend line and then this would be a confirmed breakdown. Your re-entry or your entry price on a short would be a retrace to this down this up sloping trend line or this gap in the chart sitting at $748.17. If this was a failed breakout excuse me breakdown and we do get a surge, I'm looking to short the S&P 500 at 748.17 for a day trade. If we continue the sell-off, $731.53 is where I'm going to go long today. Previous There was a There's a gap in the charts right below this low pivot. Again, 731.53 is that level. Jumping into the QQQ, I do have this up-sloping trend line. This goes back to the pivot top and the highs of December 2024. Secondary pivot from the highs of October 2025. Broke out, confirmed. What we did was that we already retraced this up-sloping trend line. This would be a secondary retrace. If we get down to about $697.34, you have this low pivot just right here. So, this is where I'd go long on the Qs today. Similar with the price action of the S&P 500, we closed on Friday below it. Now, we're getting a little bit more of a push down. If we can close right in this area at $704 to $705, this would confirm the breakdown. The next level of resistance, or excuse me, support that we're going to have to confirm below is this secondary up-sloping trend line right here. That's um basically capped this move a little bit, >> [snorts] >> and now it's support because it was resistance. If it does start breaking below that, your next gap in the charts is sitting at $695.5. On a shortable level, $713.29 is where I'd look to short the Qs today, knowing I've got this additional gap in the charts at $719.85. Let's jump into the USO chart. US oil, like I said, is pushing higher. I did on Friday give you a shortable level at 147.61 if it got right up into that area. It didn't actually get there. So, what happened was we actually had this decent fall back down to 145 today. Now, we're pushing up. My secondary shortable level yes- on Friday was 151.26. If it does get up in this level by 3:00, this is where I'm looking to short um USO, knowing I've got this high pivot point just above it, about 50 cents above this 151.26 level, for additional resistance. On the opposite end, so the S&P 500 and the Qs could be potentially breaking down and confirming what we're looking at is a a pierce above this, a breakout would be close above 151.26 and then a continuation move above that level and then all of a sudden USO is going to search the upside. Right now, this is still my swing short level, 151.26. My stop out would be any confirmed uh confirmation above this level. STX is having this nice move to the downside. I have this gap in the charts sitting at $726.93. It's already gotten close to that level before it's bounced. I still like this as an aggressive swing uh excuse me, day trade if we can get another sell-off. 726.93 again is that gap in the charts for a long trade for a scalp today. For those of you who are a little bit more conservative, you're going to be wanting to wait for a pierce of 700 bucks. $697 whole round number right here is a high pivot point on STX or Seagate that you should get a pretty solid bounce if it does flush this first level. For me on a 15-minute closing basis, I would not look to dollar cost average into this. Any close below on a 15-minute closing basis would be my stop out below 726.93. Let's jump into the SOXX. There's a couple different levels that I have on this chart. I had to jump uh switch on the logarithmic chart to show you this up-sloping trendline. Pivot low here. Secondary hit. Third hit. It's kind of mirroring what happened with the S&P 500 and the QQQ where we had this solid up move. And then all of a sudden Friday we closed. Now, we could be putting in a not quite an engulfing reversal candle, but a nice sell candle. So, now that we're already below 507.11, if it does get into this level, this is my day trade shortable level. Again, that's at 507.11 and this is where I'd look to pick up SOXX for a short. You could play this a couple different ways. You could short the SOXX or you could go long SOXS if you want a little bit more of a leverage play. For me, if we get a continued sell-off in the spiders and the Qs, STX or the SOXX is going to continue to fall as well. My long level is $482.73. Pretty solid gap in the charts of the SOXX and that's where I'd look to go long on a day trade. Swing trade level isn't until this up something trendline. You would have to get all the way back below 440 bucks for me to start swing trading this for a long on this chart. Based on the fact that it's so extended, hasn't confirmed below, but it's looking promising for a confirmation below this up something trendline. Nvidia had this nice sell-off. Nice gap in the charts. Here is at $220.78. It's already filled that gap. So, what I'd be looking for is this previous gap in the charts sitting around $216.61. So, that's where I'd be looking to play Nvidia for a long play. If it does if Nvidia does drop into that level, the SOXX would likely head all the way back down to $482.73. So, I would only choose one. I wouldn't go long the SOXX and Nvidia. I would play um Nvidia or the SOXX for a long play. Or you could try SOXL because Nvidia is going to be a large player in the in the SOXX, which is why I would only choose one. Now, if we do get another search to the upside, $230 whole round number is where I'd look to short Nvidia for a quick day trade. Swing trade level, I still like this up something trendline. We had monitored this a couple different times. I'm going to have to zoom way, way out in the charts. Pivot low here, secondary hit, third hit, fourth hit, and then all of a sudden we broke below, retraced, did get above it, never confirmed, got a nice rejection, got all the way down to $86 on the price of Nvidia. Price consolidated right alongside of this up sloping trend line. So, that tells me that there are a lot of people who are eyeing this um uh hidden trend line, which is why I was saying $236 was my swing trade level. Now that this pivot top had already kind of played out. So, this could be an add level if you didn't get out, or if you're just starting, this is your entry price for a swing trade on Nvidia. So, what we're looking for is now price to get back to this up sloping trend line right here. So, we've got this low pivot here, secondary hit. So, your third hit, about $216, really depending on when it hits this up sloping trend line, is where you'd start a little bit of a swing trade knowing that this would be the third hit of an up sloping trend line should give you a pretty solid bounce off of that level, which is why $216 is my level on the chart. So, uh sorry, $212.47. $216 is another level. Anyway, $212.47 would be my aggressive level for a swing trade, knowing that if it did close below that on a daily closing basis, I would just stop out of the trade. Bitcoin, I was mentioning that it is looking weaker. Secondary hidden trend line. So, pivot low here, price consolidated right alongside of it, finally broke down, confirmed below it, and then we retraced to the scene of the crime. Put in this nice little rounded top right here, and now we're getting a continued sell-off. For me, what I'm looking at is a $75,000 whole round number on Bitcoin. If it does drop into that level, not only do you have this low pivot here, but you've also got this opening candle of the red bar candle, as well as a previous gap in the charts sitting just below that $75,000 level, which is why this is my entry price for a day trade. This would just be a quick scalp. What I'd be monitoring for a swing trade is what happens if price consolidates right on this previous pivot in the top or pivot top pivot low over 3 or 4 days, then all of a sudden Bitcoin is going to start selling off. Could be also putting in a potential head and shoulders pattern. So, you've got a potential shoulder here. This would be the shoulder. If we get a bounce on 74,000 or 75,000, you would look for price action to get right back to about 78,672 dollars. That's where the rejection level is, and then you could put in a secondary shoulder, and then look for a measured move on the downside on Bitcoin. Overall, I do think that Bitcoin has more selling, but again, we have to monitor that whole round number of 75,000 to see what price action is doing. MU finally broke below $700. Look at the sell-off on this thing. From uh 815 bucks all the way down, it dropped over 15% from the highs. Doesn't guarantee that the move is over and the top is in on Micron. However, what we've done was we've gotten rejected off this up sloping trend line, another hidden trend line on the chart of MU. Nice little rollover. $700 level is that next key support level. So, if we can consolidate at the lower end of this red bar candle right here, then all of a sudden, we're putting in a bearish consolidation. Your next level of support is going to be $646.63. For me, if we get a push up in the SOX, Nvidia, and all the rest of the markets, my shortable level is $750.46. If we get a continued sell-off, which I don't anticipate happening on MU, that would be another 50% move or $50 move to the downside on MU. My long level today would be $646.63. If you're a little bit more aggressive, you got this previous gap in the charts sitting at $660 pierce and $666 pierce, that's where you'd enter a long on the chart at MU. SanDisk, I had mentioned earlier, could be could putting in a nice engulfing reversal candle. So, you broke 1,600 bucks and now we're currently trading at $1,314. If we close below this low pivot in the charts on SanDisk, that is where it's going to create this engulfing reversal candle. I would have liked to see it at the high end of the charts. However, this would still be a good reversal candle knowing that we did open up higher and closed below this low pivot. This is very really really bearish on the chart of SanDisk. This is a logarithmic chart. Nice parallel channel pivot low here or excuse me, pivot top here. Secondary hit, third hit, rejection. On the downside or on the lower end, pivot low here, secondary hit, third hit, got a nice bounce and now we're getting below it. Hasn't confirmed below this up swinging trend line yet, so it's not a confirmed breakdown yet. What we're going to need is what happens with this price action or what what we have to monitor is what happens on the chart of SanDisk with this potential engulfing reversal candle. We need a close below that low pivot and then it confirms a breakdown on SanDisk. On a swing trade short, you'd wait for a retrace to scene of the crime, likely heading all the way back to up to about $1,500 and that's your swing short level on SanDisk. On a long play today, there is a solid gap in the charts sitting at $1,255.86. So, if it does get this nice drawdown or continued move, it would only be another 4.42% to the downside. That is where I'd look to go long on a day trade on Sandisk, knowing I've got this secondary support at $1,188 on the chart. All right. Last but not least, let's go over LITE. This was another chart that was getting really hammered today. It's getting a nice bounce. Look at this low pivot right here at uh eight $865. Flushed that level, got close to this low pivot right here. But notice where it stopped. Prior gap in the charts on the chart of LITE sitting right here at $858.32. So, if you guys are not familiar with previous gaps in the charts for support, that's where you can potentially look for a solid bounce if it already closes below low pivots. That's your entry price. It's already played out. If it does head above $900, LITE could surge to the upside. I have a long level, an aggressive level for a potential swing trade. This is not logarithmic charts. But you got this low pivot. Let's Oh, it is logarithmic. Let me go ahead and remove that. Low pivot here, secondary hit, kissed it here, fourth hit here. We're actually into a nice swing trade level for those of you who are aggressive. Now that we've already filled this gap, this is your long play, knowing that if it does close below this on a daily closing basis, this would be your stop out level. If it does drop a little bit lower, your next level of support is going to be sitting here at $815.75. Secondary level of support is $791.37. It's a nice gap in the charts and with additional support at $781.27. All right, we're going to have to see what oil does. If it continues to rip up, if it continues to break out, or if it does break out of that nice gap in the charts that's been goes way way back then all of a sudden the markets should get a continued sell-off so again we got to monitor to see what's going on with the price action of the S&P 500 QQQ SOXX and US oil for us to determine what direction that that markets are going to continue to flush to or if they're going to continue to bounce so that's what I have you guys thank you so much for joining me 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 that you're getting and we have new shows verified investing extras is another great opportunity for you to get additional charts as well as insider information not necessarily insider but external information from people who Liz does a great job interviewing so that way you can get a broader idea of what people outside of verified investing network is actually signaling for potential either sells or bounces so that's what I have for you guys you guys have a great rest of your day you guys take care >> [music]